ByJohnSageMelbourne
So,you‘vedonetheresearchandyou‘reallsettobuyyourfirstinvestmentproperty—howeverwhatexactlydoyousearchfor?Youunderstandmakingtheincorrectdecisionmightswellingyouwithapropertythatwillneverturnadollar,sothepressure‘son.
Don’tstress!Herearesometriedandtestedthingsthatwillhelpyouabsolutelynoinontheidealdomesticinvestmentproperty.
Attractivefeatures–Searchforinvestmenthomesthatwillattractasmanyindividualsaspossible,likea2ndbathroom,lockupgarageornearbystores,schoolsandtransportation.
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Wideappeal–Discoverapropertythatwilldrawinmorethanonesegmentoftherentalmarketsuchassingles,couples,younghouseholdsorretirees.
Lowupkeep–Keepingcostsdownisessential,olderhousesorthosewithfeaturessuchasaswimmingpoolorcomprehensivelandscapingmaycostmoretokeep.
Propertytype–Unitscanbesimplertokeepthanhomes,althoughyouwillhavetopaybodycorporatecosts.
Ifthepropertyyou‘rethinkingabouthasfavorablequalitiesaccordingtothiscriteria,patyourselfontheback—you‘reontoaexcellentthing!Itmaybeworthcallinginsomeonetodoabuildinginspectiontoensurethepropertyhasexcellentbonesandhasnohiddendefects.
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