4 Tips For Real Estate Investors

Investing in real estate has always been considered a very ‘safe’ investment – until the pandemic. Ever since, certain real estate investments have plummeted in value – such as office spaces, due to the rise in working from home. However, investing in real estate is still a good idea, even if prices are fluctuating and inflation has been high over the past couple of years. If you’re still looking to grow your real estate portfolio in 2024, here are four tips that you should consider. 

Keep An Eye On House Prices 

One of the biggest issues that may arise when diversifying your portfolio is that house prices have been fluctuating over the past couple of years – they grew quite a lot during the pandemic due to inflation. However, many economists predict that house prices may fall this year, from anywhere in between 2-4%. This is definitely something you need to consider if you’re thinking of buying or selling this year, as they could fall quite unexpectedly. By paying close attention to economists and house prices, you will be able to better predict the best time to buy or sell. 

Consider Student Housing 

Many people don’t consider this, but one of the main areas where people can make a huge return on investment is through investing in student housing. There are many areas around the UK which need more student housing, and investing in this form of property could be a very strategic portfolio decision. With student housing, you may need to consider certain renovations to create more bedrooms in the property or make rooms ensuite – just ensure that any construction company you use has full accreditations such as blue CSCS cards for staff. This will ensure this work is up to code for student rentals. 

Prepare For The Green Economy 

Many construction companies are preparing for the green economy and the amount of green buildings that will need to be built to keep up with demand. The preparations for this have included researching sustainable buildings, getting workers the right construction NVQs, and preparing to get onto the right contracts. In light of this, you may need to consider retrofitting your existing property to keep in line with sustainability. 

Retrofitting involves going back to older homes and adding insulation, double glazing and solar panels to make them greener – you may need to do this to ensure that your property is suitable for habitation. Make sure to check their retrofit qualifications and credentials to ensure that the work will be done up to standard – you may need to research what these are in your area. 

Read About The Industry

One of the best things you can do to keep up with industry news that will help you make decisions about your portfolio has got to be keeping up with industry news. There could be sudden changes in the industry which may require you to take a quick decision, and keeping up with the industry news is definitely the best way to secure your investments. 

Real estate can be a very tumultuous industry – make sure you’re taking the steps to protect your finances!