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Investing in property is a business strategy that you need to consider to anticipate your financial condition in the future. Property as an investment tool is chosen because its value tends to increase in the future. As an illustration, it is better to apply for a bank loan for buying a house than to buy a car. Why? Because the house that we buy will tend to go up in price, while the car that we buy is certain will continue to decrease as we use it.

However, for the readiness and security of investing in property, you must recognize the various costs that will arise when you buy a property. Moreover, the property you buy is expensive. You must recognize the costs that must be incurred when you do business on the property. The following are the costs:

a. Sign-up fee

The cost of the sign-up fee will be determined by the developer. However, if you buy a property through the secondary market, the fee is determined by the seller of the property. A sign-up fee is a form of clarity that you are buying a house or commonly referred to as a booking fee.

b. Down payment

After you incur the receipt fee, the next obligation is to prepare a down payment. You are required to pay a down payment if you buy a house through a developer. Meanwhile, if you buy through the secondary market, the down payment is estimated at 20% -50% according to bank regulations.

c. Installments

For beginners, property investment is usually done by credit or installments over the next few years by paying monthly installments. The amount of installments is determined by your agreement with the bank, but the amount will not exceed the amount of your income and your partner have.

d. Bank Fees

Buying a house using a mortgage means you have to do several stages of checking the completeness of paid files. One of them is the cost of surveying property assets before buying a house. In general, checking land certificates and property selling prices are based on prevailing market prices.

e. Insurance fee

The cost of insurance usually includes life insurance of 1% to 2% of the total loan. In addition, there will be fire insurance of 1% of the total loan.

f. Notary fees

A notary is a party that will help you a lot with the deed and certificate of sale and purchase. Notary fees are your full responsibility. The amount of the notary fee is adjusted to the needs of the buyer.

g. Tax

Tax is an obligation that cannot be avoided in every property transaction. Tax costs will arise with mortgages or cash payments. 

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

Education Fund is one of the things that parents must prepare. Whichever school the child chooses, we must start thinking about their education funds. The way to prepare it is somewhat different from preparing high school funds. Before starting, make a plan in advance about whether the child will study in the country or abroad. It's okay to dream of studying your child abroad, I hope it will come true!

Here are the steps How to Preparing funds for a child's education abroad :

1. Understand the fee structure at the university you want to attend

Each university has a different fee structure, some have a single semester or package system, and some are paid per credit taken. Therefore, it is mandatory to conduct research from now on on the needs of children's education funds. There is also a permanent resident system in the country. Usually, the education fund will be cheaper.

2. Calculating the need for funds

Preparing funds for a child's education abroad is not only a matter of school fees but also other needs such as accommodation, living expenses, cultural differences, and return costs. In addition, an important thing that must also be considered is whether the child will live in a dormitory or own an apartment, or share an apartment.

3. Investment Plan

Plan an investments according to estimated needs plus an emergency fund.

4. Choose investment instruments

If the child who is going to college is still over 10 years, then use stock mutual funds. If it goes directly to stocks, this will be very risky. But if you understand, you can invest in stocks, but understand the risks. If your child is going to college in 5 years, just collect the exchange rate or the currency of the destination country so that the difference in inflation isn't too big.

5. Evaluation

Whatever our financial plans, it can be revised and updated according to current conditions. For example, by getting a bonus or successfully paying off a debt, you can allocate all the funds to a child's education fund.

6. Understand the source of funds to send children abroad

The main source of funding is of course the income of the parents themselves. However, don't create a new sandwich generation just to pay for your child's school fees. So, as much as possible, children's school fees are only 10-15% of our monthly income so that we still have investment funds for our retirement.

Then there are also scholarships. If indeed the child can get scholarship funds, then the funds that have been prepared can be allocated to others. Apart from that, you can also ask for sponsors from companies or hospitals if you want to become a medical worker. For the scholarships themselves, some are covered in full, some are only for school fees, and some are only partially. So, understand it!

• Create a list of your needs and wants as much detail as possible to ensure the satisfaction of your purchase.
• Be compromise. You may not find a home that perfectly fits your expectations; therefore you have compromise on the home that you think is close to your expectation.
• Write down the important aspects of each property you visit in order to do a comparison.
• Do research on housing prices. After doing research prices, adjust with your financial budget.
• If you have children, consider your child's needs. These needs include the home environment to the neighborhood environment. This includes access to schools, child-care centers, and child safety.
• Pay attention to your neighbors. Security is important; to know your neighbors will make you more secure and comfortable.
• If you've found a suitable house, immediately declared that you would buy it. Buying a home is different from buying a product that is always available in large quantities. Home that suits you may no more elsewhere. Therefore, if you're feeling fit, declare immediately to buy it, if necessary, provide down payment. This is so that your home does not mean preceded by others.