Invest in real estate without buying property in Tricity
You can be smart and you can be careful and at the same time, you can make more profit than you thought by investing in real estate at this time. Despite the slowdown in the real estate sector across the country for some time now, some sectors have continued to show gradual but promising growth. But if you are not convinced and want to go on a safer and prudent path, then we “Per Square Yard” tell you the ways to invest in real estate in Tricity area Zirakpur, Mohali, Chandigarh, Panchkula which are listed below but without buying any property and still make profit from it:
Buy And Fix Up
This is a very practical move and a very wise way to invest in property without actually owning a property in the Tri City area. You simply buy the property and invest your money in repairs and improvements. When you’re done, you put the property up for sale and just see that it brings you a profitable amount because of the improvements you’ve made.
Purchase Of Commercial Property
This seems to be a very popular trend in the Tri City area of Zirakpur, Mohali, Chandigarh, Panchkula, and many other areas. Commercial properties consisting of retail buildings and office complexes are readily available in this area for purchase and also for further rental purposes. Right now the cost of these properties is very low due to the development stage and they are undoubtedly a very low risk and high reward option for anyone investing in this sector.
Buy Rental Property
If you have the funds to buy a rental property, you can do so and then rent out an apartment, commercial space in that real estate to the tenants. The main thing here is to keep your expenses low so that you can keep your rent as affordable as possible so that you can get as many potential tenants as possible. We, Per square yard, also ask you to buy the property for your own residence and then rent out certain rooms or space to the tenants. That way you can keep the property in good condition and hire someone skilled and experienced to do the repairs you need.