When it comes to investment properties, practicality often outweighs emotions. Unlike your own home, it's about finding a property that offers strong yields and growth potential. Here's a guide to help you make the right choice:
1. Capital Growth & Rental Income 💰
Investors focus on capital growth and rental income. Think about factors like nearby suburbs, amenities, development potential, and transport links. Proximity to universities and schools matters. Consider areas with high demand and limited supply.
2. Aesthetics Matter 🎨
Even though it's not your home, think of potential tenants. Cleanliness, good condition, and layout are essential. Properties with renovation potential offer added value and higher returns. Don't dismiss a property due to minor fixes; they can boost rent.
3. Location, Location, Location 📍
Avoid unfamiliar or uncomfortable locations. Research extensively if purchasing out of your city.
4. Appealing Features ✨
Properties with extra features like a second bathroom or lock-up garage attract more tenants.
5. Long-Term Investment ⏳
Property investment is a long-term commitment.
Budget for maintenance, and covering expenses even when the property is vacant. While rent helps, ensure you're financially prepared for all situations.
Give us a call and we’ll guide you through the process.
Adam Davis
Principal Buyers Agent
Adam Davis Buyers Agent
0419 552 092
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