One common misconception believed by novice investors is that property investment is risk-free.
They think that property is a tough, stable, and resilient asset. They feel safe and comfortable with property investment because they can see, touch, and control their properties.
However, the reality is that property investment has many risks, both foreseeable and unforeseeable. Foreseeable risks include price fluctuations, market competition, regulatory changes, and legal issues.
Unforeseeable risks include natural disasters, fires, theft, and social conflicts. You cannot avoid these risks, and you must be prepared to anticipate and overcome them.
So, do not underestimate the risks behind property investment. You must be careful, vigilant, and responsible in managing your property.
You must also protect your property with insurance, security, and clear agreements. Property investment is a business that requires protection and prevention.
Property investment is an attractive, profitable, and prestigious investment instrument. However, property investment also has hidden realities that you must know, understand, and face. These realities are:
Property investment is not get-rich-quick but a long-term business that requires commitment and consistency. Property investment is not always upward but a dynamic business that requires adaptation and innovation.
Property investment is not just buildings but a consumer-oriented business. Property investment is not without risks but a business that requires protection and prevention.
By knowing these realities, you can be wiser, more mature, and better prepared in property investment.
You can also be more realistic, rational, and objective in making decisions. You can also be more creative, flexible, and solution-oriented in addressing problems.
That’s it, Kisanak.