First things first, you need to be sure that you’re ready to begin investing. There are different reasons why people consider purchasing a property, and it’s important to have a clear vision of your own reasons for getting into property.
Before finding out how to get into the property market, you need to be sure of your motives behind making a buy to let investment. Once you understand this, you can use this knowledge to help you create a more considered and detailed strategy, as different motives could lead to different decisions being made.
For instance, if you’re investing thinking of getting into property as a way to maximise your retirement funds, you should pay a lot of attention to capital growth prospects. This way, if you decide to sell the property when you reach retirement age, you could make attractive returns on your investment if the property has grown in value over time – on top of the rental returns you’ve acquired over the years.
Property investment is considered one of the best investment methods for those looking to generate consistent returns over time. If you understand what’s involved, know your reasons for investing, and have the available funds to so, it’s definitely worth getting into property investment.
Get Financial Advice
Before you even consider how to become a property investor, you should make sure you fully understand how to get into the property market without affecting your financial health. Buy to let property investment is a big commitment and should never be rushed into. While you might think you have sufficient funds to cover your investment, this may not be the case if there are additional costs and fees involved.
This may mean speaking to a financial advisor to learn about different taxes that buy to let investors are required to pay, and to get a better understanding of all the money-related lingo involved with the property market. Investing in real estate is a business venture, after all. When putting a plan together on how to start property investment, make sure you treat the venture like any other business plan by putting a financial focus on your strategy.
One of the number one tips on how to start investing in property is to enlist the help of a property investment company. Buying property through a company is a good tip when it comes to real estate investing for beginners as it allows you to explore a range of buy to let opportunities from trusted property developers, without having to search around for an investment property yourself.
Property investment companies will do most of the work for you, finding property deals with the most impressive yields in high-growth areas, liaising with solicitors, and even finding you a suitable property management company if you want to make a hands-off investment. Better yet, they’ll be happy to provide potential investors with advice on how to get into property investment as a beginner, along with offering experienced investors advice on how to grow their property portfolio.
A lot of property companies will also offer below-market property prices for their off-plan properties, as well as a guaranteed rental income on certain properties for a period of one or two years. This way, you can get started in property while knowing that you’re in good hands, and be guided through each step of the buy to let process.
While a property investment company will do a lot of work for you, this doesn’t mean you shouldn’t carry out your own research on the Uganda housing market before finding a suitable opportunity.
Not every property investment opportunity comes with the same potential, so if you want to find out how to get into property and benefit from the best returns possible, it’s essential to investigate the Uganda property market. Pay attention to things like rental yields, tenant demand, capital growth, and predicted market price changes, as these are all major components of a solid investment and should make up a big part of all buy to let investment strategies.
If you’re serious about learning how to become a property investor, staying on top of property market news is essential. You should also keep an eye on current blogs
Why Warehousing system is becoming a game changer in the real estate industry.
Not long ago the real estate sector mainly relied on two major strengths that is residential and commercial but the recent trends in development and trade, and interconnectivity between countries, and natural calamities warehousing system is quickly becoming a game changer in the real estate sector.
The business boom and the interconnectivity between East African and demand for high quality purchases, there is a need for a robust supply chain of goods and services and this can be possible with a strong warehousing system.
The ware housing system is set to boost economic growth by lowering the costs of moving goods and thereby increasing the volume of trade across the country and the region. The warehousing system can also be centers for imported goods but also agricultural, minerals and other locally produced resources that can be exported to the rest of the world.
But whereas warehousing remains an ideal real estate investment they are things to take note of, the first one is that land purchases continue to attract many players especially targeting prime land at key locations across the country. Therefore, you have to be strategic in looking for key locations.
At the moment one of the strategic locations with prime land that remains ideal for the warehousing system in western region is along Mbarara –Sanga –Kaguta road on Mbarara –Masaka highway. The place is an easy gateway for Rwanda, Burundi, Tanzania and DR Congo, thus having a chain of warehouses here can easily facilitate businesses between Uganda and these countries putting in consideration the reduced transport costs thus making this investment ideal.
But also, this area is located along a standard-good interconnected road infrastructure across these countries making transport of goods and services easier and cheaper. But again, besides the regional markets, change in consumer behaviors like shift towards online shopping and high-quality purchases traders, companies demand distribution centers that are close to the metropolitan areas.
The congestion in Kampala City, which is regions shopping area for the western region and interconnects to other regional countries for the supply of goods and services from like Kenya, Tanzania, South Sudan and other foreign countries across the Indian Ocean negatively impacts of the cost of doing business which may include late arrival goods and other costs like fuel
Another factor why the warehousing system should be an interest of every investor in the real estate industry is that it offers an answer to natural calamities which at times frustrates businesses. An example here is the continued breakdown of Katonga Bridge along Mbarara –Masaka due to heavy rains. This is the only major route for vehicles bringing goods from Kampala to other cities in western region but also across borders, its breakdown paralyzed most business, the was imbalance between supply and demand for goods and even prices shot, even some projects like constructions stalled but if there were warehousing system.
The Mbarara City-Sanga-Kaguta Road stretch also has some of the other infrastructural services like water and electricity. The coming up companies and government projects strategically position themselves along this area is a clear manifestation of the area being potentially ideal for investment. Government has 325 billion technology, engineering an innovation center at Rwebitete in Sanga town council, a meat processing factory also being constructed along the same area with other factories like milk processing factories Amos and Pearl diaries.
Compared to other real estate investment, warehousing can be an attractive investment because the construction costs are much lower, and takes less time to build, are easy to maintain, and occupancy rates are high.
At Nembabazi Real Estate Ltd we have estates along this stretch and we can help individuals and companies who want to acquire land for warehousing development. Remember even if you don’t operate the warehousing yourself, you can rent, lease it out to companies or individuals that are looking for distribution centers near their clients.
Introduction
One of life’s most significant decisions is whether to build your own house from scratch or purchase a pre-built home. Both options have their unique challenges and benefits, and the choice you make can profoundly impact your life. In this article, we will explore the pros and cons of building a house and buying a complete one. We’ll also draw insights from various articles to provide you with a comprehensive view of the decision-making process.
Building a House: Challenges and Benefits
Buying a Complete House: Challenges and Benefits
Also buying a house would as well be economically viable especially in these current times where financial institutions have started giving out mortgages to their clients who may want to own homes. And from economies of scale, it makes it slightly cheaper depending on the mortgage period since you can enter your house even on partial payments.
People think the price of developed properties is expensive, but the cost of an acre of land in a prime location around Kampala or Wakiso for example can be sold for over Shs. 280,000,000. Some individuals cannot buy unless a developer buys and maximizes the land.