Investing in the location less well-known

One of the key factors in achieving successful real estate investment goals is location. It must be a desirable and well-known area, such as Sathorn, Thonglor, or Sukhumvit. Prices for land, houses, and condos are skyrocketing every year, creating market demand. However, this doesn't mean that unknown locations can't generate returns. The advantages of investing in real estate in lesser-known and lesser-known locations are as follows:

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1. Good prices, value, and high profit potential.

The more people know about a location, the more developed and expensive it becomes. However, in lesser-known locations, prices are naturally lower and less accessible. However, this doesn't mean that unknown locations are not in demand. A simple example is a rural area that no one is interested in. If someone builds a house for sale or rent, and there are still people in that area who want to live there, that lesser-known location can still sell and generate profits. The less desirable the area seems, the lower the cost, allowing investors to plan for greater profits from that location.

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2. High growth potential in the future.

Land that no one knows about Sometimes, this doesn't mean that land is in a bad location, but rather that no one has yet developed it into a prime location. Growth in these unfamiliar areas is a constant, as cities continue to grow and expand. Investors who recognize the potential for future opportunities in these unfamiliar areas before anyone else can profit significantly from them. For example, before the advent of numerous electric train projects, many areas near electric train projects were initially unintentional and relatively unknown. However, when news of a new electric train project emerged, land prices in those areas immediately skyrocketed. Even after the electric train project was completed and opened, land prices in those areas continued to rise as businesses invested nearby, fueling the expansion of major cities along the electric train lines. Therefore, unfamiliar land isn't worthless. It's just a matter of when the land's value multiplies, and whether investors can spot it first and secure it first.

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3. Easy to Buy and Sell, Negotiate

If an unfamiliar owner is looking to sell, this presents an opportunity for investors who recognize the value of the location. They can negotiate a lower price or request additional privileges, ensuring smooth negotiations. This allows you to acquire the property without the headache of having to track and resolve issues.

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In reality, no location is worthless. Every property area has inherent value and is poised to increase in value significantly with development, occupancy, and business expansion. Therefore, foresight, keeping up-to-date with news on real estate development projects, city development, industrial estates, and government economic support policies are crucial information that will help investors recognize the value of locations that many others overlook. This will provide investors with the opportunity to secure and plan profitable investments in lesser-known locations.

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Thank you for the great information from REIC.