There are five critical errors that investors can make when making off-plan investments. First, investors can plan improperly and without enough depth or consideration of possible future problems. Second, investors can fail to do enough research into the properties and developers that they are considering working with. Third, investors can allow their emotions to overrule their logical side. Fourth, investors can lack the necessary confidence to actually follow through with a particular investment even if they have done proper planning and have found the right developer. Fifth, investors can fail to perform their due diligence.
Key Takeaways:
- For a property investment to pan out as planned it is imperative not to skimp on the research phase.
- Look at the demographics, including population growth, tenant demand and regeneration in the area.
- Look to empirical data to finalize your decision. Keep emotion at bay when deciding.
“It might sound simple but planning correctly can sidestep any potential issues further down the line.”
Read more: https://sevencapital.com/investor-resources/5-common-off-plan-investment-mistakes/
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