Building a retirement plan from a property portfolio

Building a retirement plan from a property portfolio

One of the reasons why people save money is to invest and probably ensure that their retirement is comfortably funded. In this case, finding the right channel for investment returns is vital to foster a fruitful savings strategy.

For ages, investing in real estate properties has proven to be one of the most successful strategies to take for your retirement. Why? Homeowners are on the decrease while house renters are on the increase. However, this does not come as easy as it sounds; you need to incorporate the right investing techniques to achieve productive results. Some of these techniques are briefly outlined below.

Startup with a partnership, then branch off later

You can start your investment with a colleague or simply a partner, with the agreement to separate on a later date when both of you are in a financially stable position. However, there may be the need to document your partnership so  your rights are protected in cases of premature precaution. Many people attribute their success to this technique as it helps in pulling off efforts as well as funds together, towards building an empire.

Diversify your investments

There’s a high risk that comes along with “putting all your eggs in one basket”. At times, the real estate markets fluctuates, and if you happen to have redirected all your investments in a particular market, you might be at risk. You may consider diversifying your retirement investment properties through;

Location

Asset classes

Risk profile

Core asset

Core plus

Value-added rental properties, etc.

 

Other portfolio building strategies that can greatly benefit you while investing for your retirement plans in real estate properties include;

Use of agent brokers

Investing in different markets

Low risk

C-B-A strategy, etc.

 

Whichever strategy you choose to opt for, remember the key factor is, first of all, conducting a market survey, and ensure the location or nature of the property you want to invest in has potential in the future. This includes the stability of the market, its growth, as well as the expansion of your investments. 

 


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Serious buyers are always looking. But they can only view what’s available.

You might be Googling things like: • “What should my estate agent be doing to sell my house?” • “House on Rightmove but no viewings” • “How do I change estate agents if I’m not happy?” And here’s what I’d say to your agent, the things I know sellers are thinking but don’t always say out loud.

It’s been a few weeks (maybe longer), and the buzz has faded. Viewings are few and far between. Updates are sparse. And your agent’s enthusiasm? Nowhere to be seen.

If you’re thinking about selling your home but don’t feel ready to book a valuation just yet, you’re not doing it wrong; you’re doing it honestly.