Looking at real estate for sale in Galle? Investment property is a lucrative business in Sri Lanka, ideal for coastal holiday villas. Let’s look at some key points.
Consider Location Before Investing In Sri Lanka Property
If you are already considering buying property in Galle, then the coast may be the deciding factor when it comes to location. Here too, you need to be picky; there will be some great offers and discounts out there but before you put a large chunk of your money into that property, consider the factors; sure it’s on the coastal belt but how far is the beach. A beach villa in Galle with a 30 minute walk to the beach has less appeal to one right on the beach or even across the road. Invest in the best Galle property; get help from accredited real estate agents in Sri Lanka to avoid falling for bogus deals.
Be Realistic About Buying A Holiday Villa In Galle
Be realistic, you may be a pretty good handyman, but buying a fixer-upper holiday home may turn out to be a pretty large project and money pit. You may find the property a good bargain but when the renovations start piling up the cost is going to sky rocket. Besides, how much time can you spare. Our advice, be smart when purchasing real estate in Galle; paying more will save you loads in the long run by investing in a sound and profit generating property in Sri Lanka.
Start Small When Buying Your First Sri Lanka Investment Property
Loans, mortgages and large investments should be handled with care. Make an accurate gauge of your spending power; how much you can afford to invest and how much money you need to set aside for getting your property in order. Don’t go for high interest rates or large loan repayment terms; expecting your property to start generating returns from day one. Start small and grow.
Be Ready With The Down Payment For Your Sri Lanka Property
Investment property requires one to have a large sum of money in hand; before applying for loans you need to make a down payment to reserve your property; an important factor to consider before you dabble in the real estate market.
Might we suggest you join hands with Pearl Sri Lanka to purchase your very first Galle holiday villa; as established real estate agents, our portfolio of properties for sale in Sri Lanka, offer only the best at very competitive rates!