5 Common Mistakes Made By Real Estate Investors

Posted by Heather Homes on February 2nd, 2021

Finding a successful investment in real estate is a daunting task with all the research and contemplation involved. To garner healthy returns in a property investment, factors like future potential, maximum capital appreciation, etc. should be given great consideration to avoid mistakes and to minimise risks.

Here are 5 common mistakes made by property investors.

1. In search of the right time

Many recommend to wait until the right time to invest in a property so as to receive maximum benefits. But there is no need to wait as a property is a need based product.

2. Lack of documented strategy

Not having a defined goal or strategy to analyse the cash flow projections and budget before investing will lead the deal to be a failure. Property purchase decision should be based on the requirement, expected future benefits, income, risk profile and experience.

3. Avoiding cheap purchase

Many tend to avoid purchasing properties which seem to be economical in the market deciding that a cheap price tag comes with an unworthy label. However, the purchase decision should be made considering the property as an asset and the investor should remember that making a right investment in right location is important.

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