Investing in property has always been a popular investment choice, especially housing. However, there are some things to look out for when deciding to invest in a property – these are important as below:
Look at Property Quality
The quality of property must be a big factor in any property investment decisions – in particular, property features must be by the market and location. You can also get more info about investment real estate mortgage via online sources.
Image Source: Google
Low maintenance is also important, so check to make sure the park or the surrounding area is well maintained. You are also advised to conduct building pre-purchase inspections and pest inspections – you don't want any surprises.
Know Your Returns
First of all, you have to decide what you really want to achieve from your investment – positive cash flow in the form of rent, or capital gain from rising property prices (or both?). Then estimate the total cost of property ownership, such as investment loans, insurance, board rates, etc.
Next, estimate conservatively what you can rent from the property per week, taking into account the level of the surrounding houses and property features. If spending is greater than rental income, then you will rely on potential capital gains and tax deductions to make your investment valuable.