Intelligent Investing
Choosing the right investment property gives you the potential for income & capital gain. To maximize your return, choose wisely.
Always ‘do the numbers’ first. You need to know that an investment property will give you maximum return for your investment, produce income & capital growth. Give yourself some time to watch market cycles & movements in property values.
When looking at an investment opportunity evaluate the potential. Can you add value? Is the property located in a growth area?
The secret to a regular income is a property that is highly sought after by tenants, so choose an investment property with a view to tenants’ wants & needs. You need to understand the tenant market you’re targeting. Families want good school zones but retirees are probably more interested in public transport facilities or the location of the nearest shops.
One of the most important factors for rental properties are the number of bedrooms. Other factors include security features such as alarms & lockup garages. Off street car parking is a bonus, particularly in inner suburban areas.
Avoid getting caught up in the ‘hype’ & get some sound legal & financial advice before making an investment decision.
Come & talk to us at Haven Realty. We can help you get on the right track to making that all important investment decision.
