Wednesday, May 02, 2007

What to look for

I was talking to a real estate agent today about a property I wanted to put an offer on. He told me about the many positives of the property. I should point out that the property itself was just an average looking 2 units by 2 beddie place, currently under-rented by about $30 each so that is another plus. However the major positives that he talked about was the brand new major shopping centre and movie complex which had just opened and is a 2 minute drive away, the new business park which is being constructed and is a 10 to 15 minute drive away, and the water views that are available from both units. These are pretty good pluses and make the units desirable rentals. So have I put an offer in on these units. Too right I have!
When looking for investment properties it's a good idea to look at factors outside of the property itself as these can add real value. There are a lot of things which you need to consider as a property investor besides the property itself. Blog in with your comments on what these might be which can add or detract from a properties value. Happy investing and remember if you have any friends or family who are interested in property investing send them to