I am often asked what type of property makes the best investment property, and while there are certainly many things which need to be considered, here are just a few to start you off.
1. What is the most important financial factor? Do you want a high capital gain when you sell? Or do you want a higher weekly return?
2. What area should you buy in? Do you want to purchase in the same area where you live? Or are you not concerned with the location of the property?
3. New or old? Both new and older properties can make great investments. Obviously a new property is going to require much less on-going maintenance, while an older property could cost you more with the upkeep.
4. How many bedrooms? What is the most popular?
This is just the tip of the iceberg when you are considering purchasing an investment property, my advice is to ask an expert in the area where you are looking at buying. Being as passionate about investment properties as I am, I happily offer people free advice and rental appraisals. I really want to help people make the right decision. Just give me a call to pick my brains!!
We have a real commitment to education, and sharing our knowledge, so watch this space – for information on our upcoming ‘beginner’ investors seminar, along with more of our very popular landlord information evenings being held in our local communities this year.
Operations Manager – Property Management
M 027 606 0030