Ever heard of growing home? It is a method of building a house in stages, so you can save up first to build your dream house.
Equity Mutual Funds can be the right investment asset for you to raise funds for the renovation or continuing construction of this growing house. Moreover, Mutual Funds are an investment instrument that has many advantages.
The profit potential is also attractive depending on the selected Mutual Funds product. But in general, this type of instrument can be the right choice for raising funds for building or renovating a growing house to avoid getting too burdened.
Investment Tips You Can Follow
Let's first understand what is Equity Mutual Funds before learning further about it. This instrument is a type of Mutual Funds where most of the funds are allocated in the form of shares or equity securities.
At least 80% of the invested funds will be allocated to these assets. Here are some tips that you can do to gain optimal profit from these instruments:
- Choose the Right Platform and Products
First of all, choose the right platform to invest. Nowadays, investing in Mutual Funds is easier to do through an online platform with comprehensive features and capabilities.
But you have to carefully choose which platform is right and truly reliable. The wrong choice can lead to failed investment and prevent you from reaching your financial goals.
The choice of platform will affect your consistency in investing. If the platform is easy-to-use with complete features, then investment can be more consistent. This is one of the important keys to achieve investment goals.
Apart from choosing the right platform, don't forget to also choose reliable Mutual Funds products. Currently, there are many choices of Mutual Funds products that you can choose from.
Pay close attention to the details and the recent performance. This will be an important reference so that you can gain optimal profit.
- Determine Target Time and Amount of Funds
You must have a target of how long it will take to raise these funds. Apart from that, you also have to determine the nominal of the target funds that must be collected.
This calculation is very important because it helps you to know when the right time is to withdraw investment funds and what must be done to achieve the targets.
Of course this target must be adjusted to the growing house construction plan. You can also determine for yourself the amount of funds you want to raise and when is the right time to withdraw these funds.
From here, a new development or renovation plan can be made in accordance with the availability of investment proceeds.
- Calculate Investment Funds
Do not make investments without calculation. There must be a goal to be achieved and find out how much funds you want to get from the investment.
If you want to use this investment instrument to continue building a growing house, then be prepared to count the funds. Find out how much the target fund must be achieved so that the construction of the growing house can continue.
From here you can make calculations of how much fund must be allocated for investment. This kind of calculation is getting easier to do.
Today's investment platforms already provide calculators or automatic calculation features. This feature will make it easier for you to find the amount of funds that should be allocated.
- Invest Consistently
Make sure to invest consistently to achieve your goals. Moreover, the cost of renovation or ongoing construction of a growing house is relatively large.
So make sure to be consistent in investing. If you have determined the amount of funds that must be invested or deposited, then just follow the allocation of funds and the deposit schedule regularly.
Consistent investment is an important key to achieving financial goals. If it's difficult to be consistent, then use the auto debit feature which will make it easier to deposit investment funds.
This is much more profitable because it can help you reach your financial goals quickly thanks to the consistency of investing funds.
- Withdraw Funds at the Right Time
Basically, investing in Mutual Funds seems easy. One of the reasons is because this investment is supported by the Investment Manager.
Funds will be managed by experienced Investment Managers. So you don't even have to bother choosing what stocks to buy as an investment instrument because they have been arranged by the Investment Manager.
Your task is to determine the most appropriate withdrawal time. Keep monitoring the development of investment results through the platform you use.
Make sure that investment funds are withdrawn when your profit reaches the optimal point and is in accordance with the financial target you want to achieve.
Growing House Renovation Steps
Please note that the growing house itself will require several stages of construction until it finally reaches the desired target. This gradual development can also be called a renovation because there are parts of the house that have already been built.
After preparing the funds properly, pay attention to the following steps for renovating a growing house:
- Create a Renovation Plan
First of all, make a comprehensive renovation plan. Making a renovation plan is very important because the key to building a growing house is a detailed plan.
Actually, the plan for building a growing house must be made from scratch. From the very beginning of construction, there should be a plan for how the house will be built and in what order the process will be carried out.
This renovation plan must be adjusted to the targets to be achieved and which parts of the house have been built first. This can be discussed with the vendor (if there is one) or created beforehand by yourself as the homeowner.
Having a clear plan will help the development process run more smoothly and with fewer obstacles.
- Choose a Trusted Vendor
Make sure to choose a trusted and experienced vendor. This is no less important, because after all it is the vendor who will help realize your renovation plan.
If the vendor is unreliable and incompetent, it will be difficult to get the desired development results. The selection of vendors is easy if you are satisfied with the previous development.
This growing house is made in stages, meaning that it has been built beforehand and you have worked with responsible vendors. If the vendor's performance is good, then you can work together again to continue development.
But what if the vendor is not good enough and doesn't satisfy you? Look for new, more experienced vendors.
You can pay attention to various factors that will make it easier for you to find the best vendor. For example, by looking at the track record and portfolio of houses that have been built before.
- Discuss Material and Design
Next, discuss the material and design that will be used in the development process. Actually this design is easier to make because you must have had an idea when you first started building a house.
But this can be changed according to the conditions and tastes of each. As long as this is possible, the design does not have to follow the original plan.
Material selection also really must be considered because the quality of the building of the house will definitely be affected by this factor. Make sure to use good quality materials.
Also adjust the material to the criteria you want. In order to be more flexible in choosing materials, be consistent with investing in Mutual Funds assets as discussed earlier.
One of the advantages of building a growing house is being able to optimize the use of materials in every part of the house. This is due to the lower construction costs as it is done in stages.
As long as you have adequate funding, it's not difficult to get high-quality materials.
- Calculate Development Costs
Next, calculate the development costs in detail. If you have already received profit from Mutual Funds investment results, then use it as a reference.
Write down what needs to be prepared and make a detailed calculation of the funds. Also include the calculation of previous costs, for example for the cost of hiring a vendor.
Keep in mind that the calculation of these costs can increase and the amount can be much higher than the profit from the investment earlier. If this happens then you can make changes at several points.
The goal is to reduce costs in certain parts or optimize existing funds.
- Prepare for the Next Renovation
It has already been explained that a growing house is a type of house that is built in stages. If the development stage that you are currently doing has not reached the final result, then the next development must be carried out.
This should be thought of as early as possible even in the current build process. So the next renovation can be more planned.
This preparation also includes cost calculations. So once the profits from the Mutual Funds have been taken for renovation, then immediately continue investing again.
Later the profits can be used for renovation or further development. This kind of strategy is very suitable for those of you who are planning to build a house in stages to achieve optimal results.
Investment in Equity Mutual Funds Safely and Easily with DBS Treasures
A growing house is indeed the right solution for you to gradually get your dream home. You can raise funds first by investing in Equity Mutual Funds assets. Currently Mutual Funds investments can be made easily and safely through DBS Treasures as a priority banking.
Through DBS Treasures, you will be connected with experienced and professional Investment Managers. The funds you invest will be managed as best as possible by the Investment Manager.
In addition, you will also gain additional insight regarding Mutual Funds investments from a supportive team of financial experts who are ready to provide the latest information on market analysis matched to your aspirations.
As a professional wealth management partner, DBS Treasures will also offer easy investment diversification. There are various options of Mutual Funds products to choose from for diversification. The goal is to minimize losses and optimize profits.
Investment transactions are also much easier and more practical through the digibank by DBS Application. You can sell, buy, or switch Mutual Funds easily after completing Single Investor Identification (SID) registration. It's easy for you to connect with a wide selection of Mutual Funds products either from Investment Managers or by category.
Just start investing in Mutual Funds confidently right now with DBS Treasures. The earlier you start, the faster your investment goals can be achieved. Find further information here and start investing right now.
