Investing in property is a great way to diversify your investment portfolio and, when done right, will unlock the doors to a more financially secure future. When you purchase an investment property, you can improve on it through renovations so that you can sell it at a higher price or hold onto the property and rent it out, generating regular income.
If you’ve bought a property for investment purposes, it’s important to maximise its value so you can make the most out of your investment, whether you’re planning to sell or rent it out.
One of the first things buyers and tenants notice when they’re looking at properties is, of course, how it looks from the outside. Regardless of how attractive a property may be inside, an off-putting exterior gives a bad first impression, and a property that looks good externally will attract more people.
If you’re trying to sell or rent your property, it’s important to make it as attractive as possible, both inside and out. A property with good aesthetics will not only attract more potential buyers or renters, it will also command a higher potential sale price or monthly rent. As such, a little money invested in landscaping could lead to a bigger financial return in the long run.
Investing in a property is a complex process that requires a great deal of research and deliberation. But when done right, property investment is a smart, wealth-building strategy that can provide financial security for you and your family now, and for years to come.
Many of us—especially those who are into property investment—have already heard of land tax. The problem is not all of us are aware of the specifics (regulations, developments, exemptions, rates, and thresholds) that apply.
The property manager—a professional who runs and oversees your property portfolio on your behalf—is, in many ways, often the unsung hero of the property investment market. Without an experienced property manager, there’s a possibility that your property investments could go to waste and you could find yourself at a severe disadvantage.
There are now a record 2.05 million taxpayer individuals with an ownership interest in a rental property in Australia.
Offering your property for rent makes sound financial sense only when you are able to derive steady income from it. Investing in properties in prime locations and a fair amount of aggressive advertising can help you attract the attention of prospective renters. But you need to do more to ensure they fall in love with your property when they see it.
Esme Chin’s journey as a property investor is one that embodies courage to rise above her personal struggles. Having to deal with the loss of her business and the end of her 20-year old marriage, Esme also overcame depression to start her life afresh and make a successful living through property investment. As a testimony to her success, Esme has been voted the second runner-up for ‘2015 Investor of the Year’ Award by Your Investment Property Magazine.