5 mistakes to avoid when investing in under-construction projects
An under-construction property may not appreciate as expected if the location lacks infrastructure, connectivity or long-term demand. Market fluctuations during the construction period can also affect resale value and rental income. Evaluating growth potential, infrastructure plans and exit options helps ensure the investment remains viable over time.
Investing in real estate projects under construction can prove highly beneficial, but requires caution and judgment. Verifying legal compliance, checking for unreasonable claims, considering delays, and planning and checking finances are all crucial steps to increase the prospects for a safe and profitable business. However, by avoiding mistakes and undertaking diligence work, investors can confidently navigate the complexities of under-construction projects and make wise decisions in real estate investment.
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