Investing in real estate: how do you get a return on your investment?

You've got some savings and you want to make it pay. Good decision. A savings account is no good and the stock market is a bit too volatile, so you decide to invest in real estate. Even better decision.

You cannot underestimate the importance of the state of the local rental market. Ask yourself what the age of the potential tenants is, what their financial and family situation is, and then assess the ideal audience for your property.

The location is everything it's all about. One city district is more popular than another. The more attractive the neighborhood, the higher the rent.

The bigger your house, the more you can ask for. That makes sense.

The furnishing of your apartment or house is also decisive. Whether you have a beautiful facade has an influence on the price. Just like the furnishing of the kitchen or bathroom.

You have carefully screened your tenants and selected them with conviction. But it soon transpires that the tenancy agreement is not being complied with. Fortunately, this does not happen very often. But if your tenants still fail to pay, a membership in the rent guarantee fund comes in handy. This fund covers up to 3 months unpaid rent.

As a landlord, you must ensure that your property meets a number of quality standards. This in terms of safety, health and quality of living. In this respect, new construction projects have an edge over existing homes. New-build projects meet these requirements, and you will often have to carry out renovation or maintenance work on existing homes.

Many owners sell their apartment just before the communal renovation is underway. Make sure that you don't buy an apartment that is about to be renovated.

If your property meets all the conditions, you can apply for a certificate of conformity from your municipality.

This certificate is not compulsory, but it does show that your home is completely in order.

Most investors search in their own region first. They are familiar with this and if you rent out, you have more control over your investment. Investing in real estate is best done locally.

Invest your money where you are at home. But don't let yourself be led by emotion or recognition. Choose the right location based on down-to-earth, hard facts.

If local government makes efforts to make the city more livable, you can assume that in time the value of the property you buy now will increase more than a quality equivalent property in another city.

Investing in real estate becomes a lot easier with these tips. Before you start investing in real estate, it is important that you determine what your goals are.

If you decide to rent out your purchase, it is best to keep several things in mind. With a sale with added value you will achieve the greatest return. Whatever you do, everything stands or falls with the location.

That is the most important factor for a successful investment in real estate.