Buying With Your Head
Buying your own home is exciting! You can imagine chatting with friends in the lounge, strolling in local streets, the smell of steak cooking on the BBQ and the sound of kids playing in your back yard. Its a very emotional decision and it’s all about what you want out of life.
Unfortunately, some first time investors bring this same emotion into buying an investment property with the result that they pay for features they will never use and which don’t add value or increase the rent. Buying an investment property is more like buying a business and demands a more objective and reasoned approach. If you’ve never done anything like this before, it’s easy to get it wrong and mistakes are generally very costly when buying a property.
Please don’t imagine you’re an expert in something that’s outside your own skill set. You don’t do your own dentistry or tax returns so don’t expect to be highly skilled at property investment if it’s not your specialty. Talk to us at Investment Property HQ and be safe – not sorry!
Owning a great investment property requires planning, knowing your price point, time frame, suburb growth prospects, likely rent, negotiation and patience. For the best possible result you need to have an experienced mentor on your side. It might seem exciting to do everything yourself but are you getting it right? Could you be doing better? How will you look if it all goes bad? Can you afford a disaster?
Don’t mess with your future – call us on 1800 767 332 or contact us right now and see how we can help you get it right and come out smiling.