There are several things to consider before choosing your DST properties. These factors help you find suitable properties at affordable prices. Different factors will impact the rental rates of DST properties.
What are DST properties?
DST properties are real estate properties offered by developers to buyers in bulk or lots. These bundled units can be sold in a standardized manner, which is why the ideal DST property buyer is a group of people who would prefer to buy at a lower cost.
Below are factors you need to consider when looking for DST properties;
- Area or Location
An ideal place to live in has a mixture of different facilities and amenities. These may include schools, universities, hospitals, parks, and commercial centers. The area must have access to all these facilities through good road networks.
DST properties need to be well-secured. They should have guards and gated communities to avoid theft, break-ins, and other crimes.
You must consider shopping centers in the area where your DST properties are situated. It will provide a good place for families to buy their groceries, clothes. You may also opt for apartments near supermarkets, malls, and churches.
Price is one of the most critical factors you need to consider when choosing DST properties. The price should be reasonable enough that you’ll not have a hard time paying for it monthly. At the same time, you should look at the location, amenities, and other factors to know if it is a good buy.
- Trending Area
Cities or towns that are on the rise have increased property values and rental rates. You can maximize your income from DST properties by investing in these trending areas because the demand for DST properties tends to rise in these areas.
Some people prefer to live near their places of work, schools, or other essential establishments. You should choose a place where your home will be accessible to all forms of transportation like road networks and public services.
- Floor Area
A DST property’s floor area is essential to consider. It is the space you and your family will use for living, working or entertaining purposes. Choose a home with enough room for everyone in your family.
It is advisable to choose a place to repaint or refurbish the house. You can make your DST property more presentable by renovating and remodeling. If you opt to buy a pre-built home, choose a design that you like depending on your preference.
- Security Deposit
When opting to avail a loan from banks and other lending institutions, you must prepare a security deposit. It is one of the requirements to secure your loan. You should consider the amount you can comfortably pay as a security deposit for your home without compromising your current financial condition.
DST properties are affordable investments for those who cannot afford expensive homes. This type of real estate is ideal for families looking to work close to their homes. It is also a good investment because it can earn more income over time.