Property Investment Tips
Collaborate Construction - Building Construction In Indooroopilly

Property Investment Tips

Whether you're about to buy your first investment property or already have a significant portfolio, the following investment property tips will help you maximise your investment return.

PROPERTY INVESTMENT TIPS:

1. One tip to consider for your new or existing property is to make it pet-friendly, this can increase your rent by 7% and 10%. This is because the lack of pet-friendly accommodation can make pet owners more determined to find a place to live and once they have they will typically stay longer resulting in less tenant churn.

2. Check for side access and space for shelter and extra car accommodation, very important in our Australian climate with campers and boats in a considerable number of households.

3. Knowing zoning regulations and opportunities for asset acquisition can be crucial to investor success. Carefully understanding the zoning regulations for the property you are planning to buy, as well as the properties around it, can help you avoid unexpected surprises.

4. Take into account if there is space for a granny flat in the backyard.

5. Look for an investment with an upside potential e.g Purchase the property when it requires a complete renovation, complete the renovation and achieve an equity uplift in the difference from when you purchased it to when you get it appraised.

6. Owning a duplex means owning two separate homes on a single block. Therefore, duplexes are widely considered high-growth and high-yield investments. If you decide to have both properties rented, you can have two income streams with a positive cash flow over time.

7. Being close to locations like schools, parks, shopping mall or amenities such as hospitals.

8. Choose a quiet cul-de-sac street. For people who crave peace and quiet or those with young families, cul-de-sacs are gold—and major magnets for families or anyone, really, who hates large amounts of traffic tootling by their front door.

9. Keep within your budget ensuring your kitchen has plenty of counter space and overhead cupboards, the master bedroom has a walk-in closet and en-suite. Features like air-conditioning and fans and an outdoor barbecue/entertainment area will be highly desirable.

10. Think about looking for North facing land which can maximise natural light as the sun moves from east-to-west and a block that slopes to the road, as flat as possible.

11. Have a flat driveway, avoiding a steep ones where possible.

12. Determine whether off the plan properties, or an established second-hand home is a better investment for you. Diversify your investments.

13. Research about the % of owner-occupiers and renters in the area. Owner-occupier/renter ratio is a good indicator of the attractiveness of a suburb.

14. Make sure that you double-check your rental returns with an independent Real Estate Agent other than the one that may be selling you the property.

15. Acquire an Independent market appraisal, for both expected rental return and the present valuation of the property.

#PropertyInvestmentTips
#CollaborateConstruction

Collaborate Construction - Building Construction In Indooroopilly
  • Business Name
  • Collaborate Construction
  • Business Category
  • Building Construction
  • Official Website
  • collaborateconstruction.com.au
  • Business Number
  • 13619173134
  • Social Links
  • Facebook
  • Phone Number
  • (07) 3171 2142
  • Business Location
  • Stamford Rd
    Indooroopilly 4068
    Queensland
    Australia