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In general, the property is a term for land or buildings owned by someone. But, the property is not only limited to buildings that already stand firmly but also includes information about the land and the building that stand on it. Property is assets in the form of land, buildings, facilities, and infrastructure that inseperate from land or building. Property can be an alternative investment besides mutual funds or gold. However, doing business on a property must also be based on a caution so that you can not be harmed in the future. Here are Tips for Safe Investing in Property.

1. Choose the Right Location

Location is one of the things that must be determined before you want to buy a house or start a property business. People usually decide to start building a house because of the strategic location. The location also greatly affects the selling price of the property, strategic locations are easy to reach and close to the center of the crowd making your property have a high selling price.

2. Prepare Funds

In addition to determining the location, the cost is also one of the factors that determine people to invest in property. You must prepare funds to cover the main costs and other costs that become obligations.

3. Choose a Trusted Developer

Before starting to invest in property, you need to know the background of the property developer. Don't easily trust well-known developers. Make sure the performance is also good and reliable. Choose a developer who has at least 5 years of experience in the property sector. All information about the developer can usually be obtained through the related website.

3. Check Market Prices

Don't be in a rush to buy a property. There are many things to review before deciding to buy. One of the things you should pay attention to is the current market price. You must know the market price of a house you want to buy. You can check market prices online or do direct research. That way you can get the best price for your property investment.

4. Adequate Facilities

After checking the market price, you also have to find out what facilities are provided by the developer. Adequate facilities will also increase the selling price of the property. Pay attention to the availability of internal and external facilities. Internal facilities include places of worship, sports arenas, play areas, and infrastructure standards such as housing gates. While external facilities are facilities around housing such as office centers, schools, hospitals, and shopping centers. This is very important for those of you who are just starting to invest in property.

5. Mortgage approval

Usually, people will try to get mortgage approval to ease house payments. They are making a credit application for it.  A Bank loan is also something that makes it easier for novice investors to invest in property. Having a mortgage approval makes real estate agents or vendors confident about your interest in buying a home and making a property investment. In addition, mortgage also prevents the failure of a home buying and selling transaction between you and the housing agent.

6. Choose a tenor that suits your abilities

When you apply for a mortgage, the bank will offer various tenors. The tenor offered ranges from 5 to 10 years. Availability tenor will be calculated by the bank based on your ability. Don't force yourself to choose a short tenor if you are not ready financially, keep in mind that property investment is a profitable long-term investment.

7. Prepare Additional Funds

When making a property sale and purchase transaction, you must prepare more funds because there may be additional costs that must be borne in the process of buying a property investment. Here are some additional costs that may arise in a property sale and purchase transaction.

Those are tips for safe investing in property. Good luck