Buy properties to generate income through renting

There are many different reasons to buy a property. On one hand, it is often said that this type of investment is a way to protect your savings; and in fact it is, but there are also other types of investors that, in addition to taking care of the money saved, seek to generate income through rent.

This is because more and more people are searching for a home to rent. On one hand, small properties take a good part of the demand; but the larger ones also have high rates of return, precisely because they build many fewer units and the bid to get a rent is higher.

However, that feature is just part of what the public is looking for. It is also important to highlight other factors:

Location

More specifically the proximity of the property to public transport. Among them, the neighborhood with subway stations is the most sought after.

Expenses

Keep in mind that, the higher the cost of expenses, the lower the value of the rent; that is to say that the profitability of the property depends strictly on its relation to the cost of the expenses.

Building characteristics

Basically the general conditions of the apartment and the building where it is located.

Attractive characteristics

Almost no tenant feels action to make arrangements unless your presentation of the property is impeccable, from the painting to the quality of the floors and sanitary facilities.For this reason, before buying a property, it is advisable to carefully analyze the real estate projects in the area as each of them has specific features and needs that the investor can take advantage of.

 By:  Shailaja K