Since the global financial crisis in 2008, investing your money by buying property and renting it out to earn a return has become an increasingly popular option. However, making such a large investment isn't something you should do without careful consideration. Below is a guide to things you should think about before investing in property. Carry Out a Risk Assessment Even with a mortgage, buying a property requires a large amount of capital.
23 June 2016
Prospective new landlords can get overwhelmed by the number of activities that need their attention when looking to invest in residential property. Examples of these activities include hiring a conveyancing solicitor, undertaking a pre-purchase building inspection and so on. Thus, it is easy for a prospective landlord to overlook seemingly minor details such as proper documentation. This article discusses two important documents that one should ask for before asking for the titled deed from the person selling his or her (soon-to-be) previous home.
31 May 2016
If you're getting ready to put your home on the market, no doubt you want to use every trick imaginable to entice potential buyers and get full asking price. This can be needed since many areas have more homes for sale than buyers, so you need to ensure your home stands out from the crowd. Home staging, or creating a look for your home specifically to appeal to buyers, can do just that.
28 April 2016
Maintaining a commercial property can be one of the most expensive and time-consuming chores you will take on as a commercial property owner. This can be true of residential complexes, shopping centers, and offices, as well as production and manufacturing facilities. Note a few easy tips for making this maintenance easier on you and all your tenants or occupants so your property is always in good repair and safe for everyone.
4 April 2016
Many people wonder whether they should build a single-storey home or a multi-storey home. This article discusses some of the reasons why it may be better to ask a new homebuilder to construct a single-storey home for you. Less Noise Single-storey homes tend to be less noisy than multiple-storey homes. This is because there are no vibrations from footsteps of people walking on the upper floors. Additional soundproofing costs have to be met if you would like to dampen the sound of footsteps in a multi-storied.
11 January 2016
When you hire a service for body corporate management, you are paying for a service that will essentially be your eyes and ears on your propert. This is why it is extremely important for them to create and stick to a strict schedule for regular inspections of your properties. There are many property owners who do not fully understand the amount of damage that can be caused by one bad tenant.
4 January 2016
Some 7.9% of Australians own an investment property (which is just over 1.76 million people). A significant proportion of these properties are residential and are rented to tenants. Perhaps you're considering purchasing a property to rent, or already own one and manage it yourself. Is self-managing an investment property really the best way to go? There are both positive and negative aspects of doing the job yourself and you really need to consider if you want to commit to the necessary effort of property management or pay someone else to take care of it for you.
11 December 2015
While residential property often captures the headlines of investment blogs, commercial real estate (renting to businesses rather than people) can be just as positive an investment. Here are reasons that commercial real estate can be a great investment to help fund your retirement. Better rental returns Commercial real estate has higher average rental returns compared to residential properties. Yields can range from5 to 10 percent, and this can be an ideal way to maximise income during retirement.
24 November 2015
Buying a dwelling as an investment property is a popular financial choice for many Australians. Investment properties accounted for over $13 million in the total property market from July to August in 2015. If you've recently bought an investment property, then you are probably wondering whether to manage the property yourself or hire a professional property management company, such as Verse Property Group, to do it for you. Managing your property yourself can save you a small amount of money each week, which may give you a slighter higher return on your investment.
4 November 2015
Turning your property investment into an attractive proposition for young professionals requires some work, but the effort will pay off in the end when you are successfully able to reach out to this demographic. Young professionals are willing to pay a little more to avail themselves of certain comforts and amenities, so you could end up turning a better rental profit than you imagined. Here are some tricks to attract young professionals to your property investment.
30 October 2015