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How to invest in real estate?
Investing in real estate is considered one of the most famous and relatively easy means of investing in Georgia. It is capital that always brings profit to the owner if he uses it properly.
Investing in an apartment or a plot of land is always the right decision, but before taking this step, you need to evaluate all the risks and nuances that accompany this process.
Investment can be of several types and it depends on both the investment object and your goals.
It can be:
- purchase of a residential house, which you can rent or resell;
- Commercial space - office, shopping space or warehouse, which can also be rented;
- Purchase of an object under construction - you buy a commercial or residential space at the initial stage of construction, and then (at the end of the project) you sell it at a much higher price.
In order for the purchased real estate to return to the owner in the form of profit, he must take into account a number of nuances that affect both the real estate's current price and its future price.
Along with the type of real estate and your goals, you should also consider: the quality of construction, the location and the selected area, both existing and future prospects and infrastructure.
Investing in infrastructurally developed cities is better, for example in Tbilisi and Batumi (as well as in other resort regions), where the quality of life and development are at least twice as high as the rest of Georgia's settlements.
If you choose the capital, it is better to buy space in areas where the infrastructure is well developed, or to choose an area that will be more promising in the future, this will allow you to earn more income with less expenses, especially if you buy real estate at the initial stage of construction.
Before making an investment, remember - in order for real estate to become a source of profit, you will initially have to spend a lot of financial and time resources or work.
Choose a reliable development company with years of experience and completed projects. Find out what it cost to build them at the initial stage and after construction. This will allow you to understand more precisely how much money you can earn.
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