When choosing a house to live in, the only person you really need to satisfy is yourself.
You select the location, size and property style to suit you or your family’s needs and lifestyle requirements. Capital growth is an added bonus but not generally your top priority.
When choosing an investment property, however, you need to take yourself out of the equation.
Because a sound investment relies on figures which stack up – not on emotions which can cloud your judgement.
The right property, for example, might not even be in the state you live in.
So here are five reasons why home and investment property buying require different decision-making.
Your home is where you want to live. Choosing an investment property should meet your short, medium and long term life goals.
While your long term goal might be funding your retirement, your short term goal of paying off your mortgage can help you get there
The purpose of buying a home is easy – you need somewhere to live.
When buying investment property, however, you need to ask yourself some important questions.
Once you know what you want, you can find the right investment property to help you get there.
Choosing an investment property based on personal preference or gut feeling is asking for trouble.
The key lies in finding a property which can provide both capital growth and a passive income stream for life.
Investment Property Matching and Professional Investment Analysis Reports can help you identify property based on:
Thousands of prime properties are snapped up by astute investors before being advertised, so priority access to off-market stock is vital.
Taking out a home loan is usually fairly simple. Yet finding a flexible financial structure for your investment property is trickier.
The best possible deal can save you thousands of dollars over the long term. But you need to get your head around:
Which is why your property investment specialist is there to help!
Most people can handle buying their own home. When buying an investment property, though, it’s unwise to go it alone.
It’s important to surround yourself with experts who can help you navigate the property investment world and secure the best deal – property managers, mortgage brokers, financial advisors and accountants.
Your investment property specialist can help you build a valuable team to future-proof your income and investment.