In most crisis, there is opportunity” an old Chinese saying paraphrased and there may be no more apt time nowadays with the global financial crisis still hovering around. For those who’ve been felt the blow of its effects and may have experienced reduction in your individual wealth, at least in paper value, there are still many opportunities abound for you really to invest your hard earned money and if patient enough, see a good return in your investment five years down the road.
Though being liquid is good, there is a tendency for some cash rich people to over spend a bit. More frequently than not, spending excessively or beyond your budget becomes the norm. One of many more tried and tested investment is real estate rent apartment in yerevan. Especially now, when real-estate costs are undervalued, this is the time to purchase and pay cash on the spot. Doing this gets you a lot more discounts. Below are a few tips about looking for great deals:
Purchase apartments and condominiums in high density cities. One city that is most often overlooked is Paris. Paris remains probably the most cosmopolitan city in Europe and nowadays, there are great deals you can find on the Internet. Although the prices of Paris apartments seem on the high side, they are 15 to 30% less than these were two and a half years ago. Try to find apartments which have been newly refurbished and for the total amount you might want to pay, take a trip down there and meet up with a real-estate broker. When finding what you want, ask politely if you can meet with the dog owner, and then make an original offer of 30% less than what’s asked for with a spot cash payment. From this point, there will likely be more negotiations going on. Get ready to leave if it doesn’t fit your budget, as this is an investment to you. You will be needing the actual estate broker as well, since you might want to have this apartment rented anyways. If you would like to utilize the apartment to reside in, buy a several bedroom apartment. If you are looking for apartments as investment purposes, better to obtain a a couple of bedroom, if not just a loft or a suite. This way, you can aquire more apartments and then own it rented considering that the rental cost is lower.
This formula can be utilized with most other cities as well. Ultimately, your investment will appreciate as time passes whilst the property market runs in cycles and whenever you see the costs of real-estate increasing by 40%, you can unload if you want to.