Some 30 per cent of new homeowners see their dream property turn into a nightmare because they didn’t notice plumbing problems before they made their purchase. These cautionary tales illustrate what you should look for when inspecting a property before buying to potentially save you thousands.
If you are exasperated with piles of paperwork, unexpected maintenance problems and all the other headaches that come with self-managing a property, consider hiring an experienced property manager. Choosing a professional property management service over a real estate agency is far more constructive when renting out your property.
Finding the right builder for your renovation or build is one of the most important decisions you need to make, especially when large sums of money are involved.
No matter how long you have owned your rental property, you could potentially increase your rental return just by making a few small changes.
People are just like plants in that they require sufficient natural light to survive and thrive. Consequently the level of natural light in a property is one of the deciding factors in the purchasing of a property.
There are 10 major tax considerations before you buy your next investment property.
One thing I’ve learned over and over again as a property investor is that to be truly successful, you simply can’t do everything yourself.
The importance of spending time creating a budget is lost on some investors, but it can be the difference between financial freedom and failure.
The definition of insanity is ‘doing what you have always done and expecting a different result’. So, to change the result you’re getting, you have to change the way you think. Simple, right?
Many small investors are making money by subdividing residential investment properties that were only eligible for one dwelling under the old R-codes. There continues to be uncertainty around what can and can't be developed on a property and many investors and homeowners unfortunately make big decisions based on wrong assumptions that end up costing them time and money.
Interest rates are very low and real estate markets are on the move, which can only mean one thing – it’s a great time to buy an investment property. But before you dive in, be careful that you’re not making one of these three common mistakes that many investors make when interest rates are this irresistibly low.
There are many factors that can impact your buying power when investing in property. Being aware of them and understanding how they can drive or limit your strategy is the key to fast portfolio growth.
