This time,Continuation of last timeWe will explain the points you should know about renovation investments.

What do you need to know about investing in renovations?

Renovation investment is not possible for every used apartment.

Unless it is a used apartment that has all the right features,

No matter how much you renovate a property, it doesn't mean you can set the rent higher than the market rate.

 

So what are some key points to consider when choosing an apartment?

Just like with general apartment investments, the area is a very important point when it comes to renovation investments.

If the area is not very affordable, consider buying a used apartment.

Even if you renovate, you can't expect to pay more than the market price.

Buy an apartment in an area where you can get the rent you needis required.

 

Another important point is the purchase price.

Since renovation costs are high, you want to keep the purchase price as low as possible.

Make sure you understand how much rent you can get in relation to the purchase price.

If possible, purchase an apartment that can secure a return of 10% or more.

Renovating is a good idea, but you also need to calculate how much repairs will cost.

If you judge only by the return on your purchase price, you may end up with a condominium that requires a lot of repair costs.

You may not get the profits you expected.

Calculate the cost in advance, including not only the purchase price but also repair costs.The key point is...

 

 

・Why is it recommended to use the same company for purchasing and renovating a used apartment?

Ideally, you should use the same company to purchase and renovate a used apartment.

This is because many real estate companies that handle the buying and selling of used condominiums are

This is because we have a thorough understanding of the condition of the used condominium.

 

If you purchase a used apartment and ask another company to renovate it,

Because we don't know the condition of invisible parts such as water pipes,

The cost of construction may increase later.

If you are a real estate company that handles sales, you can check the status of the property.

They have a good understanding of the situation, so you can count on them to give you the right advice.

 

In addition, we understand the purpose of renovation investment, so we are able to offer services ranging from purchasing used apartments to

Another benefit is that renovations can be carried out smoothly and without waste, such as at the timing of renovations.

Many real estate agencies that act as intermediaries also have renovation departments,

if you canA real estate company that can handle both sales and renovationLet's choose.

 

 

・Renovation investment is one of the effective methods of real estate investment.

However, this does not mean that renovation investment is available for all used apartments.

Simply think of it as one way to make effective use of real estate.

 

However, it is a good way to utilize old apartment buildings.

This is a very effective investment method, and you can expect higher returns than real estate investment in newly built apartments.

Understand the advantages and disadvantages of renovation investments

Analytical skills are essential to determine whether an apartment is suitable for renovation investment.is.

 

Why not use this article as a reference and consider renovation investment as a new form of real estate investment?

 

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