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J. Šimelis from 2008-2009. He became interested in the real estate market, supervised the construction processes, then became a real estate broker and also worked as a manager for two real estate agencies. With the advent of equity, the experience gained allowed me to invest in real estate.
“Working as a real estate broker, he realizes situations where it is necessary to help people solve difficulties and sell properties faster. There were many missed opportunities to try to make money. The objective was to raise capital, to try to invest, ”he said.
The interlocutor calls the popular “pirikupa” or reseller a tester: “What can I try with my money and what can I do after buying an object? Can I sell it quickly or try to create a product?”
“There is a greater supply of apartments in Vilnius, which also affects the old construction. I would say that the reseller is a tester, he has easier access to such apartments because a relatively large investment is not required. Developing a project, building a house, requires a lot of capital if done with your own funds. (…) The first thought when a property is vacated, or an attempt is made to resell it ”, explains how developers differ from resellers.
From the acquisition of an ancient object to its realization, according to J. Šimelis, it takes an average of 3.5-4 months. Point out that the cheapest option is not always the most attractive to the reseller. The most important thing is to notice the differences and the end result, what can be “taken out” of it.
According to him, the most difficult thing is not to find a buyer, but to implement the idea correctly in a relatively short time.
“3.5 months from the signing of the contract to the final transfer of money and keys. But the installation period and the construction process usually take 1.5-2 months. The hardest part is organizing everything: organize it logistically, make the right decisions, and see the bottom line.
The most difficult thing is to create an added value for which the buyer would agree to pay a little more, saving time or becoming emotionally attached to the property ”, says the investor in the real estate.
On the show, he emphasized that he is trying to create a separate “face” for each apartment.
“You are an investor of time, knowledge and accumulated experience. The set allows you to make the right decisions. I try to realize it and make the most of each apartment. I work more with older construction apartments. The apartments are sufficiently concentrated, small in size and clearly distributed, and are recurring throughout Vilnius. I’m still trying to figure out something, to distribute every inch correctly, to create integrity, everything in the apartment must fit together and be in proper proportions. In addition, I implement new ideas with each apartment, ”says the reseller about what it takes to get a better end product.
Home repairs
J. Šimelis has been a professional apartment reseller since 2015. Since then, he has implemented more than 80 objects. Of these, there were a couple of objects that failed.
“When calculating your return on investment, you have to assess yourself to sell at least zero. If the worst happens, get your money back.
Those apartments were not counted and were bought at the risk of unappealing objects, such as strange design. The downside came from a lack of experience and an inability to see the end result. I was a tester with these objects, but the experience was born from that ”, he assures.
According to him, the investment of an object, which is being actively worked on, in 3.5-4 months. contributes about 10-12 percent. return on total investment in assets.
“If you try, you are trying to save from the first steps because you do not know the return on your investment or how much you will be able to earn. The wrong decisions lead to savings. I work sincerely with each apartment as with my house, I identify with them and build as if it were my own.
It is really possible to manufacture an object yourself per year, but when there is more traffic, you often win not because you buy cheaply and sell it high, but because you know how to manufacture and save, ”says J. Šimelis.
Anticipating events due to possible discontent of the neighbors for repair work, the interlocutor takes the initiative and orders the common areas.
“Sales are affected by the general order and cleanliness. I do it more for myself, to raise the general image of the object, but I also try it for the neighbors, because the end result usually satisfies everyone. The repaired staircase is good for both the buyer and the residents, ”he says.
When he comes to repair an apartment, he often solves the general problems of the house, because the residents notice a lack of initiative: “I had such cases: apartments on the ground floor, but we repainted all the stairs, because people were interested , asked to organize “.
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