In property investment, people will always ask where should I buy ? Which location is a good location to invest? Where can I have higher return compare to this location? Here I will share you a check list to determine how to choose a good location to invest!
1). Pasar/ Hypermarket/ Shopping Mall
When you choose a location to invest, you may need to survey around any markets nearby. This is very important because people living with foods. If there is a market nearby, then it will be very convenience for peoples to buy foods and daily grocery needs. A property value will be higher compare to those surrounding property without the market. For example, the big famous hypermarkets are Giant, Carrefour, Mydin, Tesco and Econsave. If one of these hypermarkets is nearby, then it will be a good location to invest.
2). School
Normally, a school nearby with it will be the best choice location to stay especially for those families with children. This is because it is convenience for parents sending their child to school daily. If you like to invest in houses, apartments and condominiums for rental purpose, it will help to get the higher rental.
3). Hospital
Is it good that yours staying place nearby a hospital? If you have any emergency, you can reach hospital as early to get doctors and medical treatments, will it good? If the answer is good, then it is definitely a good location to invest if the surrounding of the location that you invest did have a hospital.
4). Bus Station/ LRT Station
Transport is another important factor that investors need to consider when doing research for which location to invest their property. A location with bus station and LRT station will benefit the people staying around it because with these transportation, people able to travel around and reach other places. It is much convenience compare to the location without these transport stations.
5). Hotel
If the location nearby do have a hotel, will it a good location to invest? Yes, it is, if you invest to purchase a shop lot nearby. Why I say so? With a hotel nearby, for sure it will bring crowd of peoples to that location especially the outsiders or foreigners. You may survey around how good is the business of the shop lot beside a hotel.
6). Seaside
I think everyone dream to have a house beside the seaside, don’t you? The view of the seaside was fantastic scenery and is a good location for relaxing. In Chinese Metaphysics believe, it is a good feng shui and will bring you wealth if your house or condominium front view is opposite with seaside. The sea view condominium will also be higher value if compare to other views.
7). Garden/ Park
When you choose a location to invest/ buy houses, apartments or condominiums, check around any garden or park nearby. Garden or park is a common recreation area for residential to do exercise and for children to play around. I will say it is an essential for people to live healthy and happy.
8). Shop lots
How important is the shop lots if the location that you going invest do have it? Yes, it is definitely important as you can see almost all the new development area will build up the shop lots for business and then follow by building the residential lot. If the location that you going to invest surround with shop lots especially with banks and branding shops, it will bring up the value of your property.
9). Factory/ Industrial area
If the location that you going to invest did has factory nearby, it will be good for rental purpose of your investment. This is because normally the factory management will rent the houses/ apartments nearby for their workers to stay. Beside that, majority outstations workers will prefer stay nearby at the area that they working.
10). Government Administrative Office
Administrative office for example post office, local council office, EPF office and others government administrative office will also bring up the value of the location surrounding. This is because it bring convenience for people staying nearby when need to apply or submit any administrative task.
How you choose which location is best to invest in property? Do comment at below and share us more your experience which location is best to invest?
