Top 5 tips for investing in property BY AMANDA IRWIN, RAY WHITE LONG JETTY
It’s important to understand what you want to achieve with your property goals. From first home buyers to seasoned property investors, real estate agents are here to not only assist in your property transaction but also to support and guide you along the way. Here are our Top 5 Tips for those looking to get their property investment off on the right foot.
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FIND THE RIGHT PROPERTY It seems obvious, but the success and failure of your investment could hinge entirely on the selection strategy that goes into finding your property. This is your chance to do research into a variety of different factors, some of these are listed below: Know your budget and stick to it. Seeking a pre–approval from your bank is a great way to define exactly how much you have to play with. Research the right neighbourhood. Look at future development applications and potential schools and
infrastructure. By spending a little extra time researching the right area early on can save you both time and money down the track.
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the longer you can afford to hold onto your property the greater your chances become of turning a profit
