Investors become wary when rental growth of their neighbourhood begins to doze off or when rental yields for their city/state begin to suffer in general. However, such things may at large be beyond their control. What is certainly within their direct control is that their tenants do not rob them off or even behave in a frivolous manner. There are certain set of rules each investor (also likely to be a landlord) must observe.
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Baby Boomers Might Change Investors’ Stance on Ground Floor Units
Take one look at the number of ground floor properties sold as against the non-ground floor properties. Take one look at the difference in purchase prices via the comparable sales report. Take one look at their rental rates. I bet you will find a stark difference. Ground floor units have not been perceived as a desirable purchase historically and this has its own sound reasons.
Micro-location of a Property Just As Significant
Investors love the ring of the term Capital Growth; the way the term melts in their mouth. Having said this, capital growth is not always there for the taking. Achieving it needs a few hard measures, a lot of Due Diligence and a disciplined, investment-oriented mindset. It goes without saying that you have to choose your property in right suburbs but is it all you need to do? Let us find out.
Seek Credit Cards for Home Renovation But Show Paying Discipline
Credit cards have increased our propensity towards debt but I dare to believe that our credit-savviness is a result of our own paltry attitude towards handling plastic money. Yes, credit cards can allow you that great buying leverage but if your line of thinking is, “I have to pay this amount in the future and future exists only in the mind”, you have got your maths utterly wrong. That day in the future will come at you at the speed of 60 minutes per hour and soon enough you will have to pay. If, however, you can be disciplined with this powerful tool, there is no reason why credit cards cannot become a weapon in your hand. Let me show you how it can help a renovator- one among its many uses.
Debate Around the Optimum Home Size
Our obsession for big homes has helped us displace a long-standing trend. For the first time, homes built in Australia are bigger than those built in America and this change in statistic-sheet needs some serious introspection. It is time to ponder whether we actually need such big homes, especially in the light of an ever-imminent housing shortage.
Consider these aspects before buying a fixer upper
Real estate investors have become thoroughly busy and this has grossly affected the position of first home buyers. In the context, mooting over the idea of purchasing a fixer upper appears extremely attractive. Hold your bus, however, for there are certain considerations you cannot venture to overlook while making your decision; whether or not to buy the fixer upper. Here are a few of those considerations.
