Decade after decade, real estate has remained the cynosure of investors essentially because the investments continue to appreciate year after year unless some severe natural or civil disaster happens. Like it was stated in the last edition of Accomplish Magazine, real estate investment offers better cash flow prospects than the stock market. However, you need to be intentionally mindful to avoid mistakes that make so many forays into lucrative property investments turn into nightmares and bankruptcy.

Given these assertions, let’s continue our last discourse by looking at another set of real estate investment ideas you can consider.

1. Understand The Market Trend.
   “Every game is won before it’s ever fought” is a true saying. Knowledge is always a key to accomplishing any notable goal – real estate inclusive.

One of the best ways to avoid problems when investing in real estate is to understand the market. Understanding the real estate market in your environment will help you to evaluate the price of a property adequately before making a payment. You need to know how much a typical house in a community, for instance, is worth per square foot and the rent you could earn from it in return for what you are about to pay. Bear in mind that you may need to renovate the said property to make it more appealing to the expected lessee.

For example, never reduce the bedroom count in a community that attracts a lot of families. You should also not reduce the size of closets or shrink the size of the bathroom in a master bedroom to put a hot tub which only a few people in a given area would appreciate.

Similarly, you should not convert compound space to a swimming pool if there is little demand for swimming pools in an area.

Indeed, if you put time and effort into truly understanding your local real estate market, you can significantly improve your chances of becoming successful in real estate investment.

2. Real Estate Value Maximisation.
   There is no gainsaying the fact that you need to maximally explore to optimally exploit, or directly stated — overly and aggressively exploit. Look for ways to maximize the value of the real estate, getting out more profit from the property. It could be renting a corner of the property to a bank to install an automated teller machine. You could rent some space in the lobby to a commissary, generating rental income.

You could also attach a concierge or security guard to the building. Now, you can charge higher rent for a more secure property.

Another variation of this applies to house flipping. Instead of buying the home, fixing it up, and selling it to a home buyer, fill it with a tenant, instead. Once the tenant has moved in with a lease, start looking for buyers. This is called a turnkey rental property, and it can easily be sold to a new investor who wants to jump into real estate investment without hassles. It becomes a win-win situation, which guarantees investor satisfaction and delight.

3. Explore Non-Traditional Real Estate Investments.
   Remember that real estate investing doesn’t always have to be about investing in single-family homes and apartment buildings. You could invest in office buildings, storage unit complexes, industrial space, and warehouses. All of these generate rental income. In the case of offices and industrial buildings, you may be able to reduce overall costs with a triple-net lease where the tenant covers basic insurance and pays the property taxes and maintenance. Your investment then yields a steady cash flow with few out-of-pocket expenses.
   This is why real estate investment is often perceived as gold — consistent in value appreciation and trustworthiness. This is a global truth.