How We Can Help You When Buying An Investment
If you’re thinking about buying an investment property in the next 12 months, there are 4
things you’ll want to check before making a purchase.
Number 1 – Property Type
If you’re happy to be responsible for all aspects of maintenance at your investment
property, you’ll probably love buying a free-standing house.
But if you prefer to contribute in smaller amounts to wider, shared maintenance, you
might love owning a unit or townhouse.
Number 2 – Location
Become familiar with the area you’re looking to purchase in. If you’re not local, you can
work with a buyer’s agent or your local property management team (like us!) to help you
select an ideal location for your next investment property.
Number 3 – Vacancy Rates
Get to know the average vacancy rates in the area you’re looking to buy. Speak with an
expert property manager to get exact data on how long properties are sitting empty for,
so you know what to expect before you make a purchase. We can help you with this data,
once you know the location you’re looking in.
Number 4 – Rental Yield
Knowing exactly what return on your investment is going to be is key to making a good
investment decision. Before you even make an offer, speak with an independent property
manager (like us!) to get a second opinion on rental returns so that you can confidently
calculate your rental yield.
It’s exciting to prepare to buy an investment property. So be sure to reach out to our
property management team if you need help along the way!