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purchasing an investment property?

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Some handy hints…

  • Golden Rule: Do your homework on the area.
  • Read through the local real estate guide to get a better idea of property prices or search the internet.
  • Would you consider living in the property or area that you are purchasing?  The quality of the property will ultimately determine the quality of the tenant.
  • What is the property constructed from? (i.e. wood, brick, rendered etc.) This will have an effect on the maintenance upkeep.
  • Is there something unique about the property that will enhance capital growth?
  • Choose properties with lock-up garages, ensuite, fenced yards and efficient heating and cooling systems. Ducted gas heating and ducted evaporative cooling are the most sought after by prospective tenants.
  • Is the property accessible?  Is it easy to get to, close to shops, public transport and local amenities?
  • And lastly, don’t be pressured to buy.  It is true the person who stops and thinks may loose an opportunity, albeit the person who stops and thinks will make a smart and wise choice.

We are experienced in knowing what tenants want.  If you are looking to purchase an investment property in the near future, call me today for friendly advice – Angela King: 0408 284 053.

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