Real Estate Investment Strategies for First Time Buyers in Calicut

Calicut or Kozhikode, situated in the Malabar region of Kerala, is a historically and commercially significant city and is the foodie capital of the state, attracting visitors from all over India. The city also boasts a number of IT parks, and is a major exporter of software. With the huge scope for further development, it is attracting huge numbers of professionals and entrepreneurs to the city, contributing to the real estate boom. Young people and nuclear families are the main migrants to the city and it’s one of the key reasons why flats in Calicut are the best buy.

If you are looking for real estate investment strategies for first-time buyers in Calicut, read on:

Identify your Goals

It is essential that you identify the goals of your real estate investment before you delve into it. What do you hope to achieve? Do you want to create and accumulate wealth? Are you looking to make a quick profit? Is a steady and stable income your aim? 

Risk Appetite

Are you willing to take a lot of risk or are you averse to risk? The higher the risk, the higher the reward. Your strategy should be crafted after considering this factor. This is a question only you can answer. You should also know how long you are willing to wait to get the desired results.

Research

This is absolutely important. You must know the current trends in real estate and see what kind of properties are in demand, what locations are popular, and so on. You must also do your due diligence on the property developer and ensure they have a good reputation, and are known for their quality, transparency, timely project deliveries, etc. Talk to real estate investment experts, brokers, acquaintances who’ve recently invested, and also do some research online.

Real estate investment strategies in Calicut

Rental Income

You can buy a flat or a couple of flats and rent them out. This will give you a steady and stable monthly income. The deposit you take from the tenant can be put in the bank to earn some interest as well. This is a low-risk investment, and you can start earning an income immediately, and keep earning for the long run. Look for properties close to business or IT parks, universities, commercial areas, and so on.

Resale

Visit properties that are under construction and buy a flat that is still not ready. You can get a good discount on the price as most builders are happy to get cash inflows before the project is completed. Once the construction is completed, you can then sell it for a handsome profit. You may not need to hold the property for a long time, giving you quick profits.

Flipping

This is one of the best real estate investment strategies for first time buyers in Calicut. You purchase distressed properties at a very low price, spend a little on renovating it, and then sell it for a good profit. You need to identify such properties that are in good localities, only then you will be able to resell them for high profit. 

REIT

Invest in a real estate investment trust, a company that pools money from investors, purchases and manages real estate properties, ensuring income for the investors. This is relatively low risk, as the property is managed by a group of professionals. They can also be traded publicly, so you can enter and exit whenever you want. 

BRRR

Buy, renovate, rent, refinance, repeat is a strategy where you purchase undervalued property, spend some money to fix it up, rent it out, and then refinance it to purchase another property, and repeat the entire process again. 

Conclusion

As you can see, there are a number of reasons why it’s a great time to invest in Calicut. Depending on your goals, budget, risk appetite etc., you can decide the kind of investment you want to do. What we have mentioned here is not a comprehensive list of real estate investment strategies for first time buyers in Calicut, but they are among the most effective strategies that will give you maximum ROI.

If you’re wondering about the ideal flats to buy in Calicut, look no further than PVS flats. PVS Builders are one of the most reputed builders in Kerala and have successfully delivered numerous projects in the best localities in Kerala.

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