Our advisor, Vera Sanchez, tells us what you need to consider when looking for a property to ensure a smart investment:
Strategic location: It will depend on the property’s intended use (residential, commercial, rental, etc.) and the budget available. The quality of the neighborhood and its reputation can impact demand and the perceived value of the property.
Land configuration: Factors such as zoning can determine whether the desired project can be carried out.
Construction and materials: Conducting a property inspection before investing can save time and money. Often, materials in older properties may be of even better quality than those in new ones.
Legal aspects: Due diligence is a process to be undertaken with your real estate advisor to ensure that the property is available and free from mortgages, legal disputes, or other issues.
Municipal regulations: Local regulations and legal environments also vary depending on the location. It is essential to understand the local laws and regulations that could affect the property and its use.
