Archive for the ‘Buying Property’ Category

Buying an apartment for investment

Sunday, February 21st, 2010

Apartment buying for property investment can be risky. Therefore, it is important to keep some property investment tips in mind. For example, being mindful of oversupply and questionable quality can be an issue.

Location is linked with oversupply. There needs to be an actual need for apartments in a given area. If a city is closely surrounded by suburbs and is easily accessible, then apartments are not really required. The success of your property investment therefore hinges on the novelty or glamour aspects attached to it, and not the practicality, which is not ideal.

Investing in ApartmentsIn regards to quality, leaky building syndrome can be a particular problem. In New Zealand, if the building has it then the entire building (ie all the tenants) may be required to foot the bill as many of the building companies responsible have declared bankruptcy. The Government makes some contribution but ultimately the bill falls back on the owner.

Leaky building syndrome is caused by the use of inappropriate materials, installation …

How To Find Rental Property At The Right Price

Thursday, October 22nd, 2009

You have decided your budget and now you’re looking to buy a rental property, your keen to get on the property investment ladder and the idea of being a landlord has you tingling all over. If this is you and you’re sure you are not having a stroke, then carry on reading for a few pointers on how to get the best price for your prospective property. We will use Residential Investment Property for the purpose of this article

1) Take an investment approach:
Chances are, you won’t go out and buy the first property you see. As this purchase is for an investment purpose you can remove yourself from the emotional ties that usually go with buying a home for you to live in. You can look at from a purely investment point of view and decide what will be good and what won’t. Yes a nice big garden with lots of lawn would be great for you, but will tenants see it that way, …

5 Reasons To Buy Residential Rental Properties

Sunday, October 11th, 2009

Home BasketEveryone has at some stage of their lives heard the saying “You can’t go wrong with property”. Some would have taken property investment tips like this and invested everything they had the very next day. Most of us probably smiled and thought nothing more of it. Here is a list of some property investment tips as to why property investment is the way to go.

1) To Build Wealth:

Property is seen as a proven way to build wealth. Millionaires have been made exclusively through property, and most successful investors will have a significant chunk of their portfolio in property. As long as a long-term view is used, even the most conservative investor can reap the rewards. There is a common saying out there that house prices double every 7/9/10 years (depending on what publication you read). Whilst this has been proven over certain time frames, it is important to remember that there have also been periods of time where prices have stagnated or even …

10 Reasons to Buy your First Investment Property

Saturday, October 10th, 2009

First_Investment_Property
One. 2009 is a good time to buy for a cashed buyer – It’s 2009 and there is a global recession, there is no shortage of foreclosures, or mortgagee sales. Get hunting for bargains. As fewer people can afford to buy, as times are hard, there are more people looking to rent, which drives up rent.

Two. You can share the risk, and cost – You can make fairly small investments if you share with others, however your return will still be equal to your percentage of ownership, and the overall gain in value of the property.

Three. You are in control – The performance of any investment is not guaranteed, however, a bricks and mortar investment may provide you greater control than other assets.

Four. Capital growth – Investing your money in the bank will not make you any capital growth. It may hold it’s value and be safe, however when you take inflation into consideration, you stand to gain very little. However, with …

Buying Your First Investment Property: Deciding Your Budget

Saturday, October 10th, 2009

Deciding Your BudgetSo you’re looking to purchase investment property for the first time? And why wouldn’t you, it is a tried and tested way to build wealth as well as a relatively easy investment option that you can manage yourself. Naturally there is a range of things to consider and decide before you should delve into your first investment property. The purpose of this article is to give property investment tips on one of most critical areas to determine first: the budget!

I will be using the purchase of a Residential Rental Property as the example in this case

Before you can start looking at possible rental properties to purchase you need to consider just how much you are prepared to spend. How much you spend will depend on your situation in life. Some may be able to pay cash up front, whilst others may have borrowed as much as they can from the bank to finance the venture.

Firstly, you’ll have a very strong indication of your …