The real estate market in Hurghada is constantly evolving. More and more buildings are being built and commissioned, many new objects are advertised. In such a situation, real estate remains a popular way to preserve and increase your finances.
There are several ways to invest in housing in Hurghada for the purpose of earning money:
— purchase of an object for subsequent lease
— resale of the object
— participation in the transaction as an intermediary
The investor can only choose the option that best suits his level of knowledge, budget, willingness to spend personal time and other factors.
Investment for the purpose of renting out.
Most often, apartments or chalets are chosen for such earnings.
The easiest way to make money on real estate is to rent out an apartment for a long term. It is not a complicated process that requires minimal involvement and contains practically no risks. The buyer only has to choose a suitable object in the primary or secondary housing market, find an adequate tenant, conclude a competent contract and receive a small but constant income.
In addition, apartments can be rented out by the day. And then the income in comparison with long-term lease most often increases on average 2-5 times. But in parallel, the owner will have to spend more time servicing the facility. These are permanent orders, and settlement and eviction of tenants, and cleaning the premises. With short-term leases, the risks of material loss and the chances of conflict situations with tenants increase.
Investing in large residential properties is very profitable. So even the villas can be divided into several studio apartments.
Depending on the location of the property: not far from a traffic intersection, the sea, shops, schools, etc., decide how to rent it out for daily or long term; permanently or for a certain time; by yourself or with the assistance of a service company.
In this case, it is very important to calculate the size of the rental rate that would cover the investment.
Another option for investing real estate is buying a property for further resale after a time when the price rises.
When investing in real estate under construction, the investor buys an apartment in a new building at the initial stages of construction and sells the object after putting the house into operation. The profit from such a transaction can reach 30-40% of the cost of the sold housing.
You can additionally increase income through repairs and furnishings with furniture and appliances.
To minimize risks, trust only trusted developers who already have several commissioned objects without problems and delays. You also need to pay attention to checking documents and the reputation of the developer. In some cases, the commissioning of a new building may not be expected. If allowed by the developer, the apartment is transferred by assignment of the contract with the developer.
It is possible to invest in the secondary housing as well. In this option, the buyer can buy an apartment for an urgent sale or in disrepair and resell it at a higher price after the renovation has been done and furnished with furniture and appliances. If you invest in real estate in this way, you can get a profit of 20-30% of the original value of the property. In this case, it is important to calculate in advance the estimate of the necessary repairs, the demand for an apartment and the timing of its implementation.
Whatever you choose, any real estate investment carries certain risks. Calculate them and study additional information.
For any questions regarding the PURCHASE and selection of real estate in Hurghada, you can always consult with our specialists who have up-to-date information and will help you make the right choice
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