Tips for Starting Property Investment for The Millennial Generation

Tips for Starting Property Investment for The Millennial Generation

    The development of property investment today is not only attractive to people who are financially stable. The younger generation, or better known as the millennial generation, is also starting to be interested in investing. One type of investment that is increasingly popular is property. Investing in property not only provides long-term financial benefits, but also provides more stability compared to other investment instruments such as stocks or cryptocurrencies. Here are some tips for the younger generation who is starting to be interested in investing in the property world:

1.  Investment Objectives

    Determine and understand your goals, about what you plan to invest in property for? Do you want to invest in buying land only or with the building? Do you want to rent it out, do you want to resell it, or do you want to make it a personal residence? Clarify your goals so you know what to do next.

2.  Choose Affordable Property in A Developing Location

     Start investing with affordable properties such as small houses, small shops or studio apartments. Choosing a property according to your budget while considering the location is also important. A strategic location will have a high investment value, but it must still be in accordance with your budget. Choose an affordable property in a developing location, close to important public facilities, in a comfortable and safe environment. 

3.  Take Advantage of Developer Promos and Easy Installment Schemes

      Many developers offer promotional prices for a certain period with a gradual installment payment scheme, take the opportunity to buy property during the promo period with installment payments. Many banks offer KPR (Home Ownership Credit) / KPT (Land Ownership Credit) programs with competitive interest rates, for young people who are just starting their careers.

4.  Do Market Research and Don't Rush into Buying

      Make sure you do market research first before deciding to buy a property. Consult a property expert, use a property agent and visit several property projects. Make sure you know what you are buying. Consider the long-term prospects, don't be tempted just because the price is cheap.

      Property investment is a wise choice for the younger generation who want to create financial stability in the future. By choosing the right location, starting from affordable property and utilizing available financing, you can start investing in property!