To explore good investment, tips in property finding

Now, even under COVID pandemic, the investment market has been bullish, and the property prices have not been decreased that much. Therefore, I would like to suggest how to find a good property to be invested.

1 Identify cities to be invested

2 Identify zonings

3 Identify the designated zoning under the selected cities

4 On the google map, carefully check the parcels of land which satisfies the size requirement

5 For the site you selected, check other requirements

6 Check the price using national land price survey

7 Check the property owner via property deed

8 Start negotiation with property owner

For each step, the surveyors need to understand why we should follow this process. Before, most of brokers used their networks and past transaction records then approach to the land owner who may have the properties to satisfy the requirements.

Therefore, the same properties have been circulated in the market. This doesn’t always seems to be a good investment. If the property is really good, the owner rarely thinks to dispose the asset even under the top of the market cycle.

Rather than ending up a sort of money and investment game, we may have to look at carefully the market with professional views to find out the property which best fits the investors’ criteria.

In this process, Japan’s national land price survey works for us to figure out the property price before the owner demonstrates any price. In Japan, the valuers have been diligently working on delivering and updating the land prices. This looks very trustworthy and convincing benchmark. The price survey is done based on the past transaction and indicates rather conservative side. Therefore, the land price indicates 10-20% lower than the actual market price.