Owning a rental property is the
right step to increase the coffers of your wealth. The existence of property
makes it easy for you to get passive income without the hassle of working from
day tonight.
If you currently have the money
collected and want to find a house to rent, you need to pay attention to
several criteria that make the rental home has value in the eyes of tenants.
The important criteria which we will explain below will greatly influence the
amount of public demand for these rental homes.
Anything?
Let’s look at the explanation
further so that you can learn property investment.
★ Facilities That are There
People who live in an area not
only need a place to live but also need a variety of entertainment and various
other facilities.
The location of a property is
said to be strategic if it is close to malls, shopping centers, public
transportation facilities, health
facilities, cinemas, and so forth.
★ Property Tax that Must Be Paid
The thing to know is that
property taxes differ from one region to another. Therefore, it is important to
know the amount of tax to be paid so that rental income does not cover the
amount of tax available.
Don’t worry too much about high
taxes, and if the area is strategic and has a lot of potential tenants, there’s
no harm in buying property there.
★ Pay Attention to The Environment Around The Property
The environment or location
where a property is located will greatly affect the type of tenant who will rent.
If the location of the house or property owned is around the university or
school, then students and students who attend school, there will become
potential tenants.
★ Existing Job Opportunities
An interesting factor for many
tenants next is whether the location of the property is close to the work
location. If your property is in an industrial or corporate area, then the
employees who work there have the potential to become tenants.
Or it could be when a new
company will be built around the location of the property, this also greatly
affects the employees who will rent the property in your place.
★ Close to School
This criterion is very
important to consider if a family is your target. It’s useless if you have an
excellent property, but quality schools around the environment are very
minimal.
★ Future Development Plans
A property is considered
valuable not only from the current situation but also from future development
plans. If the area is built with high-quality apartment buildings, malls, and
schools, then the area can potentially have very good growth.
Future development can also
potentially harm and affect the competitiveness of your property. For example,
there are plans to eliminate green open space or the existence of new housing
that has the potential to provide competition for your property.
★ Real Property Rental Income
Rental income is the potential
passive income that you will get when you own a property for rent. Make sure
you know well what the average rental costs are around the neighborhood. So,
don’t let you set a rental price that is too high or too low.
If you want to set a rental
price that is higher than the average rental fee, make sure you provide
additional value to the tenants first.