Buying an investment property is a popular and easy way to gain long-term returns. Taking the plunge to invest in property is one thing, but selecting the right property for your investment goals and objectives is a whole new ball game. Here are Rosie & Rosie’s tips to help kick-start your search.
Buying an investment property is a popular and easy way to gain long-term returns. Taking the plunge to invest in property is one thing, but selecting the right property for your investment goals and objectives is a whole new ball game. Here are Rosie & Rosie's tips to help kick-start your search.
The market is constantly changing so it is important that you do your homework about the market before making a purchase on a property. Investigate the recent sales and property prices in the area. You can help reduce your research time by buying a property in an area that you are familiar with. Focus on areas with good infrastructure and potential growth.
Try not to be too focused on the suburb, but choose a property that suits your goals and needs. If you’re looking for a property for your expanding family, you ought to consider whether the property has sufficient space, secured parking, a good size backyard, and a nearby school. If you’re a single person looking to buy your first property, then a 4-bedroom house might not be suitable. Note that houses tend to yield a higher return, but are considerably more expensive. Consider engaging in a buyer’s agent who will be able to assist in determining the right property for you.
There are many factors to take into account before purchasing an investment property and you need to conduct sufficient research to ensure you know what and where to buy.
However, whether it be an accountant, a mortgage broker or a buyer’s agent like Rosie & Rosie, expert advice is also essential.
For help with your property investment goals, contact Rosie & Rosie at http://rosieandrosie.com.au/contact/