Real estate is rightly considered one of the safest capital investments. However, when choosing the right property, you should take your time and consider a few criteria. The ACCENTRO Investment Guide offers potential private investors easy-to-understand guidance. In this blog post, we inform you about the most important steps on the way to real estate as an investment.
If you want to invest in a property, you should first get an overview of the real estate market in the region. Market reports are among the most important sources, and you can look at offers online to get a feel for prices. However, not only official but also unofficial sources can be helpful: Talking to family, friends and acquaintances can provide valuable tips and leads on properties for sale. Find out why investing in a property is worthwhile in our guide.
A financial check is necessary to find out whether you can afford a property and what price category it should be in. There are a few things to bear in mind, as the costs should be calculated as accurately as possible. Accentro's guide tells you what makes a professional financial check and shows you what you need to include in your financial statement and budget.
To discuss the financing of your property, contact a financial advisor. Ideally, you should not go into the meeting unprepared, but already have a list of the most important points that should be discussed. In the Accentro Investment Guide you will find a list of the most important points to discuss, which you can also use to check whether your financial advisor is up to date. You can also find out how much money you should budget for incidental purchase costs, estate agent and notary fees.
The next step is to search for a suitable property. To narrow down your search, you can filter the listings according to certain criteria - for example, price, location, yield and performance. The investment guide contains references to platforms that will help you to assess the investment potential of a property. It also gives you an overview of the most important macro and micro criteria that should be taken into account when evaluating a property. This includes, for example, the location of the property. Although most people probably have an idea of what constitutes a good location for a property for them personally, when it comes to determining the value of a property, other criteria may apply. The ACCENTRO Investment Guide shows you how you can tell whether a location is good from the point of view of a real estate expert.
Once you have found the right property, your financial advisor will help you find a suitable financing model. The following also applies to this step on the way to real estate as an investment: don't go into the discussion unprepared. The investment guide gives you some tips on what you should look out for in a financing model. First of all: A financing model should offer you flexibility on the one hand and stability on the other.
As soon as the bank has confirmed the financing, you can instruct the notary to draw up the purchase contract. Our guide informs you about the most important points that a purchase contract should contain and the specific steps you should take before and after the notary appointment. And there are also important decisions to be made afterwards - you can find out what these are in our investment guide.