Essential Property Investment Tips

Essential Property Investment Tips 1 Investigate fully If you're buying an investment property, it's important you make sure the return you receive on your money will be worth it, like any investment. Take time to investigate the area you're considering buying in, and get professional advice on property values, recent sales and the growth outlook for the area. $ Property Values SOLD Recent Sales Sales Growth 2 Get good loan advice Investment property loans can be slightly different to regular home loans in terms of the options you have and the application criteria. For instance, you may be able to make interest-only repayments for some of the loan term, and get the rental value of the property taken into account for the potential to borrow more. % % % % Interest-only Repayments rental value of property borrow more Find a quality property manager You will most likely want to rent out your investment property as soon as possible once you've purchased it, to maximise the return you're getting as well as your ability to pay your mortgage. Doing this through a property manager will be at a cost, however is the easiest way to go, as they will market the property and reference check tenants for you, and can give you professional advice on rental prices in your area. market the property reference check tenants rental prices 4 Test your property out on yourself Although you might not want to live in your investment property, it's important to still consider whether you could live in it if you had to - not only as an emergency measure if you encounter financial trouble, but because this test will tell you if others will want to live in it. If the property you are considering buying has poor or outdated fixtures, or is located in a less-than-desirable area, this may affect its rental value and how long your tenants will decide to stay. Will I live here? 田田 田田 田田 田田 田田