In every crisis, there’s opportunity” an old Chinese saying paraphrased and there can be no more apt time nowadays with the global financial crisis still hovering around. For those who have been felt the blow of its effects and may have had decline in your own personal wealth, at the very least in paper value, there are still many opportunities abound for you really to invest your hard earned money and if patient enough, see a great return on your own investment five years down the road.
Though being liquid is good, there’s a tendency for some cash rich visitors to over spend a bit. More often than not, spending excessively or beyond your budget becomes the norm apartments for sale in armenia yerevan. Among the more tried and tested investment is real estate. Especially now, when property costs are undervalued, here is the time to purchase and pay cash on the spot. This gets you even more discounts. Here are some tips about trying to find great deals:
Purchase apartments and condominiums in high density cities. One city that’s most often overlooked is Paris. Paris is still probably the most cosmopolitan city in Europe and nowadays, there are great deals you’ll find on the Internet. Although the prices of Paris apartments seem on the high side, they’re 15 to 30% below they were two and a half years ago. Search for apartments which were newly refurbished and for the total amount you might want to cover, journey down there and meet up with a property broker. When finding what you prefer, ask politely if you can meet with the master, and then make a preliminary offer of 30% significantly less than what’s called for with a spot cash payment. From this aspect, there is going to be more negotiations going on. Prepare yourself to leave when it doesn’t fit your budget, as this is an investment to you. You will be needing the true estate broker as well, since you might want to have this apartment rented anyways. If you wish to utilize the apartment to reside in, purchase a several bedroom apartment. If you are trying to find apartments as investment purposes, better to obtain a a couple of bedroom, if not just a loft or even a suite. In this way, you can get more apartments and then have it rented since the rental cost is lower.
This formula can be used with many other cities as well. In the end, your investment will appreciate as time passes because the property market runs in cycles and when you see the values of property increasing by 40%, you can unload if you wish to.