The Game of Real Estate: How to Get Property that Will Appreciate Over Time

Are you thinking of investing in a piece of real estate? If you’re quite new in the game, don’t just jump into it with your eyes closed.

I always love telling this story to all my friends when they ask me for advice about buying and selling properties in the Philippines or in other countries.

Back in the 70’s, my uncle bought property in New York City, in a town no one really cared for. A lot of his friends and family members raised eyebrows at his decision. Fast-forward a couple of years later? His property now sits at the center of what is now known as the Upper West Side, right across Central Park West.

Amazing, huh? How to have that skill that almost seems like luck? Here are some tips to help you play the game of real estate – and get you property that will appreciate over time.

1. Location, Location, Location
Location is always one of the first things you should consider when buying property. Is it close to hospitals, schools, business and activity centers? Is it accessible by public transportation?
Unless you’re investing in vacation homes (which sell slower, since your market is more limited), you should always get property located in or near the center of things.

2. Development Potential
Good location does not always mean being right smack in the center of most populated area in the city. Keep your eye up for up and coming towns and developments as well. This way, you can get property at a low price then sell it for much higher later.

3. Know Your Market
Finally, know your market. Are you targeting students? Young married couples? Retirees? Families, for example, tend to want suburban homes a short drive away from the city. Find out what your particular market needs and invest accordingly.

Good luck in playing the game of real estate. Be a winner!

For a listing of Philippine properties for sale or rent, check out this website on Philippines Real Estates.