With the pandemic putting a stop to normalcy, and changing the regular working day for the modern professional, many have been adapting financially, leveraging both smartphone apps and online services in order to keep their investment profiles dynamic and healthy, where possible. However, property investment in particular might seem like something that’s difficult to get involved with when stuck in the same four walls day in and day out.
Interested in exploring your investment options further in 2021, but are unsure of where to start when stuck at home? Here are a few tips on ways that you might be able to delve into investing in the real estate market from home, using the range of technology readily available at your disposal. Read on to find out more!
If you’re unfamiliar with property investment and don’t know where to even begin looking, or the sort of capital that you might need to have available in your investment portfolio to get started, there are a range of online guides and services to help you out. Be sure to be careful however that you’re looking in the right place for the right information, and that the sources you’re confiding in are legitimate and up to date. Investment always comes with risks, and no one understands your financial decision better that yourself, so try to have a level of self-awareness before plunging into something that might not be right for you.
In terms of online resources that you can delve into, RWinvest, for example, offer a range of content types with updated information and tips, depending on the sort of way you like to consume your media. There are videos and colorful infographics, for instance, if you want to read over something whilst having a break from your working day, or even informative podcasts on different topics within the property market if you prefer to listen passively while you work or complete chores/other tasks.
Investing in the future
One of the benefits of property as an investment asset class is that it is a physical, tactile investment, in something tangible that you own and thus is more likely to stand the test of time, against something perhaps a little bit more volatile, such as a stocks/shares investment strategy. However, many of the best and most lucrative options available to savvy investors at the moment are in Off Plan developments in growing cities around the world, planning for the future of an area and promising higher rental yield percentages and house price growth.
Of course, you need to do your due diligence and make sure that the company you’re investing with is reputable and has a proven track record of previous completed developments, but if looking for your next big investment prospect remotely, these can be some good options to consider if you’re interested in a specific area that you think could be lucrative in the years to come. Liverpool in the UK is a good example of a city like this.
Tip – Depending on the type of investment portfolio you want to keep, and the sort of person you are (factoring in things such as free time that you have available etc.), you should also consider whether or not a hands-on or hands-off strategy is right for you. You can find out more information on these terms online, but the key point is that those with enough on their plate already might decide to take a hands-off approach, taking in yields and benefits of owning property but not having to deal with the day to day minutia of tenant issues etc., which a management company will usually deal with on their behalf.
The virtual viewing
A prime solution for both those wanting to invest safely and remotely, and those investing from abroad that simply can’t reach their chosen destination to check over a potential investment property in person, this growth in VR virtual viewings in recent years has been important during the pandemic period. Using your smartphone in conjunction with an easily affordable VR lens cradle attachment, you can get a first-person perspective and look into a potential property strategy. It might not be as good as the real thing, but it could help you to get a feel for a space better than a simple blueprint or CGI image.