Things to look out for before investing in a property

Best Property Investment Specialist

Things to look out for before investing in a property

There is no doubt that investing in property is a profitable investment. But can we just simply jump into it without understanding the right strategy?

There are many considerations before making the decision to buy an investment property and below I share my top 5

1.   Capital growth

Capital growth is an increment in the value of an asset over a period of time, this appreciation over the price of property changes with time. See the growth trends of the market to figure out how much the property would give you after 1,5 and 10 years. To maximize this use property search tools and research to invest in capital growth areas. It gives you an idea about past sales, trends in the market, nearby amenities, and future growth opportunities that can be forecasted into your strategy.

2.   Rental yield

Investing in positive cash flow property for rental income is quite ideal for investors who want monthly income streams. For this, you need to look for strong rental demand yield areas.

Rental yield is a figure of how a property is beneficial to you on a monthly basis. It can be calculated by balancing the monthly income from the rent and the cost of buying the property. When you buy a property, you pay for the mortgage fees, maintenance, and insurance. Etc So, selecting a property that covers these costs and you have a surplus is a high-performing positively geared property.

3.   Location of the property

Location is the backbone of a property. Making sure you select a property with the right location is the key to any good property investment strategy. Location due diligence is based on easy access to public transportation, facilities including schools, gyms, hospitals, infrastructure, and others play an important role. Locations with nearby shopping malls, coffee shops, and restaurants are attractions for the right renters and future buyers. Some areas are under development, but it doesn’t say they will continue to do so. Undergoing development properties are quite affordable and they can pay off in the coming years. You need to be wise enough to look at market trends and what is yet to come in these growth areas!

4.   Type of property

Most investors buy what is pocket-friendly and in areas that are suitable for them. But the type of the property is as important as the location.

Wide rooms and kitchens might be appealing for a 5-member family, but it does not fit the apartment’s needs. Likewise, a fully furnished house is good for someone who plans to stay for short terms but not for someone who’ll shift after 4 years. It is crucial to understand the demographics of the area and then decide accordingly. Buying an investment property can be easy but buying the right one in the right location requires understanding based on market demand and your strategy

5.   Features of the property

Though you would not be living in an investment property, think like the buyer or a tenant. By doing it, you’ll think about the things those potential buyers or renters look for. Amenities like 2 bedrooms with attached bathrooms and a big garage sounds good for rent. The overall design of the property is also a worth-seeing thing. Think of the questions like “Does it include everyday life necessities”? “Does it have natural and subtle lights”? These can easily be understood if we understand the demographics in the area and what type of rental income are we expecting from this investment property.

All the above-mentioned factors are interlinked with each other and not a single among them can be skipped.

Good thing is that the experts at Equimax Property Investment Advisors can navigate you through the ins and outs of property investment safely and securely.

If you are a first-time investor looking to enter the market sooner, our team can help you get educated and assist you with tailored strategies to kickstart your journey to financial freedom. Claim your one-on-one free property investment session

 

 

Best Property Investment Specialist

If you are thinking about investing in a piece of property, one that looks like it could be “a real money maker,” then you should first talk to Best Property Investment Specialist. You need to find someone who makes a point of getting updated information about investment properties, properties that are located in the area where you expect to do some property investing.

If you are thinking about investing in a piece of property, one that looks like it could be “a real money maker,” then you should first talk to Best Property Investment Specialist. You need to find someone who makes a point of getting updated information about investment properties, properties that are located in the area where you expect to do some property investing.

How can you go about determining the amount of inside knowledge that you can hope to gain from any one particular Best Property Investment Specialist? You might try asking that specialist how frequently he or she attends City Council meetings. You should learn how often that specialist goes to Council meetings in the locale where that specialist claims to have his or her eye on the various pieces of investment property.

Now the reader of this article might be asking “What is the link between council meetings and investment properties?” Well, at council meetings city leaders often discuss zoning issues. Changes in the zoning laws can affect the desirability of a property that is on, or about to go on the market.

For example, if a change in a zoning law is going to limit the amount of parking in a given area, then anyone who is thinking about purchasing property in that area should be informed about that planned change. Now someone who buys investment property does not have the same concerns as someone who buys the commercial property. In that case, the buyer must be sure that any potential customer will have a place to park.

Still, a piece of investment property can diminish in value, if it loses some of the parking space in the vicinity of that same property. Suppose, for instance, that an investor was to put money down on an apartment building. Then suppose that the parking space around that same building was somehow cut in half. That would make it harder for tenants to entertain guests, or to park a second (or third) family vehicle. Thus, fewer families would be interested in renting an apartment in that newly purchased building.

In addition to getting information about possible changes in zoning law, members of the audience at a city council meeting can learn about other considered changes. What might some of those changes be, and how could they affect the person who has put money into a piece of investment property?

What To Expect From Best Property Investment Specialist

Well, if an investor sees some vacant land in the vicinity of any investment property for sale, then that investor needs to proceed with caution. City leaders do not like to see vacant property within the municipality that they help to oversee. They often look for ways to make use of that property. The “use” to which they put that property could be one that has the ability to diminish the monetary returns enjoyed by others, particularly those who have invested in any nearby properties.

At a city council meeting, an observer can also learn about any contractor who might hope to “mastermind” major changes, changes in one part of the city. The part of the city that is of interest to one contractor could be the section of the city where you or another investor plans to purchase some property.

An investment specialist should have his or her ear tuned to talk about any rumblings that came from a money-hungry contractor. That specialist should be able to gauge what the public response might be, and how the city council might react to that response.

An investment specialist should also be familiar with whatever environmental regulations might exist in a particular city. Sometimes, in the interests of sustainability, a city mandates the use of recycling bins at various pieces of investment property. Someone who specializes in investment property should have his or her finger on the pulse of the local, environmental causes. In order to “feel” that pulse, such a specialist should plan to attend some city council meetings.

Finally, an investment specialist should be aware of any plans that foretell the introduction of a new transportation system into a certain municipality. After all, if a noisy commuter train is going to go past a certain investment property, then there could be fewer people willing to rent out space in that same building.