Sell with Confidence
Read More
News

Top 10 Tips On What To Look For in an Investment Property

By Tamara Lloyd

Buying an investment property is an exciting process but can also be daunting – particularly if you are a first time landlord to be! So, I thought I’d put together my Top 10 tips in what to look for!

This advice is to ensure you attract quality tenants, premium rental return and lease the property in a reasonable time frame. At the end of the day its about getting you the best returns with the least stress.

  1. A fenced yard is important as the majority of tenants will either have kids or a pet that they want to keep safe – its also a good general security measure and makes people feel safe if their yard is fenced.
  2. Double car accommodation – ideally a garage. Now this will depend if it’s a unit or a house – but certainly if it’s a house a property with double secure car accommodation will be more attractive to tenants.
  3. A workable and simple floorplan – tenants dislike a rabbit warren as much as everyone else.
  4. Built in robes in all bedrooms
  5. Air-conditioning or evaporative cooling. Can be hard to lease properties in summer without this.
  6. Ducted heating or other effective heating
  7. Dishwasher
  8. Full laundry – not a euro-laundry
  9. Close to amenities such as schools, transport and shops
  10. The property is in good repair and clean – if it’s not then you’ll need to bring it up to scratch before you leases it.

I hope this is helpful, if you’d like some more information on what to look for or you’d like to get a rental appraisal on property you own or are thinking of buying just give me a call on 0408 585 319.

Up to Date

Latest News

  • To Refinance or Not to Refinance?

    The world of loans and finance is challenging to navigate at the best of times and with interest rates on the rise many of us are wondering whether now is the time to refinance. Should you try to lock in a better rate? We asked Brock from FINSYNC for his advice on refinancing … Read more

    Read Full Post

  • Know the Ins and Outs of Your Landlord Insurance

    With the introduction of new legislation and the changes to the real estate market here in Victoria, it has never been more important to have reliable and comprehensive insurance cover as a rental provider. When was the last time you reviewed your landlord insurance? Let’s be honest – insurance policies are difficult to navigate … Read more

    Read Full Post