The purchase of Real Estate usually has two key components; one is emotional, the other financial.
If you want an investment that keeps the adrenalin running it's not residential real estate. The stock market, for example is more volatile and much more likely to keep you on the edge of your seat. The problem is that the very reason it's more exciting is that the risk is greater. The highs and lows of the stock market are more dependent on the vagaries of global economics and predicting with any certainty where the gains are to be made requires a lot of time and expertise.
Real estate on the other hand usually shows growth so that average capital growth remains constant and values increase in the seven to ten year time frame, making real estate predictable over the long term.
Buying an investment property is less complicated than many people realise. It’s easier than buying the family home. Most investors say they enjoy being able to focus on the practical aspects of property purchase. Once you take out emotion and personal preferences the whole process is simplified.
The important characteristics to acquaint yourself with are the number of bedrooms, heating and cooling facilities. Car accommodation and outdoor facilities should also be a major consideration. At Fitzpatricks Real Estate our Property Managers are trained to advise you of the best investment option for the best possible return.
Like all investments the quality of the property will attract a quality tenant which will attract a quality return.
Investors who insist on the highest rent the market will bear often end up with a greater level of vacancy once tenants have time to make comparisons and find a better value option.
Investors whose properties are good value get more enquiry and can afford to be more selective when deciding who will rent their property. At Fitzpatricks Real Estate our Property Managers have the expertise to advise market rental to achieve the best return while securing a excellent tenant.