Properties that you can buy, properties that you should not buy

It has been about 20 years since my real estate career started when I started working for a major appraisal office after passing the second examination of the real estate appraiser examination.

When working in real estate, I often get questions from college friends and relatives like this.
“Is it better to buy a house or continue to rent?”
“Should I buy a detached house or an apartment?”
The answer to this question is conventional,
The answer is that it depends on the family structure and income situation.

The advantages of purchasing are that it becomes an asset, the payment of mortgages is covered by group credit life insurance, and the disadvantages are that you have a large debt and it is difficult to move when you have problems with your neighbors.

Rent is the opposite.
In my case, I often transferred and there was a possibility that I would be transferred overseas, so I have been a Renter so that I can move easily at any time, but I’ve been considering purchasing since I became independent two years ago.

Also, whether it is a detached house or an apartment depends largely on the family structure.
If you have a large family with two or three or more children, a detached house is better, and for DINKS without children, it is often better to live in an apartment.

The choice will also depend on the presence or absence of musical instruments and pets.
However, at the time of considering the content of this question, it is certain that they do not have a strong desire to disregard profitability.

You’re not so sure that you’ll never have a chance to buy such a property again
, so we put the most emphasis on the budget and weigh it in terms of elimination.
If they don’t buy it now, I’m not so surprised that I’ll never have a chance to buy such a property again, so I put the most emphasis on the budget and compare it with the elimination method.

When buying a profitable property, please don’t buy it intuitively.
Depending on the appearance, location, and type of tenant, there are properties that you will want even if you buy at a high price, but as long as you purchase as a business, you need to compare and examine by elimination method and figure out what is risk and what is return.

From next time, I would like to talk about a hint for this decision.