Buying an investment property that turns out to be a lemon, can be a property investor’s worst nightmare.
The best way to make money as a property investor is to buy well. How do you mitigate risk and what do you look out for?
· Look for cracks in walls or plaster and
external brick walls- this is most likely and indication of structural problems
· Look for blackened areas around power
outlets, which is often the sign of faulty wiring which increases the risk of
fire
· Look for damp areas which can signify
makeshift drains and plumbing issues. Rusty pipes are also a dead give-away of
plumbing issues
· Cracked roof tiles are also a sign of
serious consequences for the internal structure of the property. Water can get
and create risks if wiring is exposed to water. Look out for rust on the roof
or guttering, poorly fitted gutters and bubbling/swelling in wall paint.
· If you see dampness/wetness and/or mould in
floors ,walls, ceilings, skirting boards and wall bases, this can be a sure
fire sign of water seepage around the property.
· If you see small bits of wood around
cornices, door frames and window frames, gaps in walls and door frames, damaged
floors and bubbled paint- it is highly likely that the property has a termite
problem
Here at RealRenta, we don’t just
want to "sell” you a property.
Our founders created RealRenta so
that fellow property investors, could leverage off the developments in property
technology, to maximise the returns on their investments through automation.
Our property advisory service is based
on the same principle- we want to help fellow property investors capitalise on
our industry knowledge and expertise when seeking to build their portfolios.
Our expert team is accredited with a comprehensive
range of industry insights and experiences that are utilised for optimum
results, when executing your property investment strategy.
We make it our business to work with Australia’s premier property
developers and, in doing so, are able to help you identify, understand and
assess the potential capital growth, rental return and tax benefits of your
next investment.
We’re focused on getting you priority
access to developments in Australia’s fastest-growing suburbs.
We currently have an extensive
selection of new projects, house& land packages, townhouses,developer
specials, one off price reductions and rebated stock.
Understanding the reasons behind
different property investment strategies is important.
Having access to independent and
unbiased advice is essential.
Don’t waste your time and money speaking
to the wrong people.
Contact us today for a free consultation
with one of our property advisors @ propertysales@realrenta.com
Marlene Liontis
Friday, 4 October 2019
