Entering the market without a clear investment plan is a common error. Some investors buy property without defining whether their goal is rental income, short-term resale, or long-term appreciation. Without strategy, decision-making becomes inconsistent and reactive. Establishing clear financial goals, timelines, and exit strategies helps maintain focus and maximise returns over time.
Investing in real estate can be an effective wealth-generating strategy but it requires a lot of planning and making of informed choices. Some of the most widespread errors that can be prevented to ensure better investment results include poor research, failure to estimate cost appropriately, over-borrowing, buying out of emotion, and failure to have a plan. Investors can minimise risks by remaining disciplined and having long-term objectives, which will lead to having a stable and profitable portfolio in terms of property.
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