- Real estate represents the second economic force in our country.
- There are options where you can start your investment with 100 pesos.
We all want to start 2024 on the right foot, especially in our economy. It’s not uncommon to think that the peaks accompanying 2022 will reappear next year. However, this doesn’t mean achieving financial independence or stability is impossible, especially through real estate investment. Despite seeming challenging, it’s actually one of the best options because it’s one of the most profitable and resilient businesses in Mexico.
Contrary to popular belief, investing in real estate isn’t just for those with large capital. It constitutes the second economic force in our country, representing 14% of the Gross Domestic Product (GDP), offering several entry points. Some investments can even start with as little as a hundred pesos, providing access to a wide range of opportunities.
For these reasons, Coldwell Banker Mexico presents some tips for successfully and safely investing in real estate, regardless of having limited funds or a budget:
• Have a budget plan: Budgeting is the cornerstone of any investment to prevent over-indebtedness. Investing in real estate is a long-term commitment, so ensure it won’t strain your finances. Creating a dedicated savings fund to meet your investment goals will help you succeed.
• Know the real estate market: Before investing, research extensively to understand different properties available for residential or business purposes. Consider attractive cities, states, municipalities, and boroughs for investment, factoring in elements influencing property appreciation like location, access to services, or nearby points of interest.
• Seek security: When investing in real estate, ensure properties are registered in the Public Registry, understand their fiscal status, and research the process for legal ownership. Avoid purchasing intestate properties to safeguard your investment, regardless of its size.
• Exercise patience: Real estate investments can yield substantial returns, but they often require patience. Expect to wait 3 to 5 years to potentially realize up to a 30% profit, especially if choosing properties based on their appreciation potential and minimizing factors that could reduce their value.
• Use reliable platforms: Many real estate agencies now offer financing options through small capital injections, providing returns. While you don’t need to be a real estate expert, consulting with a professional advisor can optimize your property investment and navigate legal complexities for maximum returns.
Now armed with these tips and knowing you don’t need a large capital outlay, we hope you’ll consider investing in real estate. It’s a great way to secure your finances, ensure a better future, and start the next year on the right foot.
Fuentes de consulta:
https://www.inmuebles24.com/noticias/tips/invertir-en-bienes-raices
https://www.bbva.mx/educacion-financiera/ahorro/invertir-en-bienes-raices.html
https://blog.vivanuncios.com.mx/bienes-raices/invertir-en-bienes-raices
https://www.credimejora.com/informacion-hipotecaria/calcula-plusvalia-inmobiliaria
