Real estate can be quite an emotional asset class as opposed to shares and often, investors make decisions which are emotionally driven.
A better strategy is to approach property investment like a property valuer- more facts and less feeling.
Property Valuers are not clouded by emotion or vested emotion.
Here are some tips from RealRenta to help you stay objective:
·
Research the market and use hard facts only, not
sentiments
·
Research the sales/rental history of the
property
·
Use Google Maps to calculate how close the property
is to amenities
·
Search for titles, plans and any applications to
council
·
Ask the council if any nearby developments are
in the works
·
Attend auctions, speak to neighbours, estate
agents and local businesses about the area
·
Take stock of what is included in the sale and
what is not (ie furniture, fixtures etc)
·
Turn on taps and switches to make sure they all
work
·
Make note of the visible flaws
·
Review the access and street appeal
·
Take note of the condition of fencing, pools and
outbuildings
·
Note the slope of the block and any items that
may require future maintenance
·
Compare similar properties and what they have
sold for and how long they were on the market
·
Is the property on a busy main road or backs
onto parkland?
·
Keep your heart out of it and treat this like a
business
· Consider what the current median is in the
suburb and what the prospects for future growth is like
· Consider engaging a buyer’s agent who has a
mission to help you locate a high-quality growth asset
At RealRenta, 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.
Speak with us today for the latest offerings.If
you are looking to invest in property, or have clients looking to invest in
property,
We can help find great returns and growth across
Australia, contact us for a chat today: propertysales@realrenta.com
Need a property loan?
Contact propertyloans@realrenta.com
Marlene Liontis
Sunday, 13 October 2019
