SOME TIPS FOR BUYING GARAGE SEATS

Are you looking for new investments? You have thought about buying parking spaces. There are great attractions that define a product as parking spaces. Some of them are low maintenance, a very affordable price (especially when compared to a house), which is not usually necessary financing, tenants are not usually problematic, offers immediate profitability and also provide liquidity in case of needing to recover the investment.

Here we are going to offer you some tips to buy a parking space, all of them taken from the blog of Fotogaraje, the advertising portal specializing in parking. If you are interested in more information, we recommend that you read this article about the advantages of buying parking spaces.

TIPS FOR BUYING GARAGE SEATS

Consider investing in parking spaces, as we have already mentioned, can be a big business as an alternative to the purchase of homes.

Investors are aware of the potential of a business that is not very demanding in terms of initial capital but that offers excellent profitability. It is a safe investment for all this and because there is a great demand for parking in the center of many of the cities of our country.

Make an attractive portfolio of garages and a great return is possible with a little dedication. Getting started in this business, just like in any other, is not a simple task. That's why we offer the following tips to buy parking spaces, so you get the best return from the start.

LOCATION IS EVERYTHING.

Without a doubt, the location is one of the most important factors both to invest successfully in a home and in a garage. It is essential to conduct a market study and focus on the areas where supply and demand have a great imbalance, that is, in areas where demand exceeds supply, the parking space will be more likely to be occupied.

So important is to conduct the market study, as to know what will happen in the future of the area in which you are thinking of investing. The centers of the cities and the historical centers are the areas where more activity is concentrated and the parking space is scarce or even null. Exactly the same happens with the areas attached to these areas, where residential value and purchasing power are high.

What is better? A location in the center of the city or in one of the peripheral areas? In this case, the income to be obtained in each case must be taken into account in order to make the best decision. In many occasions it is worth buying in the periphery where prices are cheaper. As we told in a previous article in our blog, the best returns are found in the most humble neighborhoods.

2) FACTORS THAT INFLUENCE IN THE VALUE OF A GARAGE PLACE

The three factors that directly influence the value of a parking space are those related to the characteristics of the parking, its location and of course the characteristics of the buyer.

Throughout the article, the most repeated concept is that of location and that is because it is fundamental. You need to know the purchasing power of the neighborhood to know approximately and a priori the value of a place. In a neighborhood with a high purchasing power, the price, logically, will be higher than in a working class neighborhood.

The age of the buildings influences so that you can know in advance if those buildings have or not garage spaces, since the law requires new buildings to have at least one space per floor.

In response to the intrinsic characteristics of the garages, it is necessary to know the measures and know if it is accessible for all types of vehicles in addition to the comfort that it will represent. Another characteristic that must be taken into account is the state of conservation of the parking lot and its age. It is easy to pay a little more for a place in the same location but that your appearance is much better, that it is more illuminated and whose rent or sale can be more profitable.

3) HOW TO CALCULATE THE PRICE OF A GARAGE PLACE IN 7 STEPS

To calculate the price of a parking space we present below a couple of basic steps for a person who does not have real estate or financial knowledge:

As we have already said throughout the article, it is very important to know the location and the environment surrounding that parking space: if there is a limited parking area, the economic level or the type of people living in that area.

It is also very important to know the current market price in that area with the most thorough analysis possible.

Anyway, if you want to expand the information to calculate the price of a parking space, do not forget to visit the link with the seven steps

4) AN ALTERNATIVE, SIMPLE AND PROFITABLE INVESTMENT

If you are thinking about investment alternatives to extract some profitability from your savings, you should not overlook the parking spaces.

We are at a time when inflation is on the rise and interest on the downside, that is, the devaluation of assets is a fact. With this panorama and after the last real estate bubble, different opportunities in the real estate sector that are not housing are being sought.

Expectations regarding the manufacture of cars and the growth of cities are a clear indication of the advantages of investing in garages, because no doubt more parking spaces will be needed in the coming years.

It is said that it is a simple and profitable investment alternative because the places are not regulated by law, but depend on a contract between the lessee and the lessor, and in this sector, the default rate is practically non-existent.

CONCLUSION

Throughout this article you have been able to know some tips to buy a garage and make both your savings and your investments can give you greater profitability and benefits. All this eliminating a very important factor that usually pulls back to small investors, the headache of managing an investment. Managing a parking space is simple and not regulated by a law, but by an internal contract. Do you dare to invest?

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