Property investment is known for its low-risk and secured nature. It is also preferred by people who are looking for safe investment options that yield high returns in the long run. As compared to the other investment avenues, real estate is much lesser volatile. Choosing property investment with Ironfish Australia delivers expertise that further affirms your achievement of monetary triumph.
For years, property investment has been one of the top choices of investors as it provides multidimensional gain. You can earn a regular inflow by renting it, gain as its worth grows over time, and can also get tax benefits.
However, you can only realize all these benefits of this privileged way of earning returns when you choose the right property. Your investment is lucrative if it offers a growth of nearly 10 percent per annum. Experts suggest that looking for a property locally is always a better idea as it allows you to study its potential. Following are a few pointers that you should keep in mind before putting your money on a property.
Put money in growing areas
The rule of real estate states that established areas reach their prime in a certain period and become stagnant after that. For that reason, you should always choose a locality that is in its growing phase. You can find decent properties at a reasonable price in these areas and will also have enough scope to enjoy the rise. Moreover, properties in established areas cost much higher than a common man’s reach. You will have to compromise with a smaller or lesser property if you choose to purchase in these areas.
Look for general amenities for higher value
No matter how good your property is, its surroundings can make a significant contribution to its value and potential growth. If you have general amenities such as open parks, a kid’s playground, multiplexes, and a shopping complex in the vicinity of the property, the value of your real estate investment is going to be much higher.
Consider access to public transport
Access to public transport is crucial if you are looking for renting or selling your property/ People who are renting or buying a residential property prefer easy and close access to public transport. The reason is, most people cannot afford high petrol expenses and many are environmental enthusiasts who prefer public transports to curb pollution. Even for commercial properties availability of public transport makes it more accessible for your prospects and gives a boost to its value.
Check availability of medical and schooling facilities nearby
This pointer is, particularly for residential properties. Anyone who rents or buys a house, especially for the family will look for these basic facilities nearby. A few reputed schools and at one super specialty hospital in the vicinity can take the value of your property up by multiple notches.
Assess scope for commercial growth in the area
You should also have an open eye for the areas where any big business incumbent or a company exists. You should also stay abreast about the relocation of such companies. Having such employment options close to your property is a boon. Many times these companies need space to expand and also their staff prefers to have residence close to their workplace. Either of these cases increases the property value in such areas.