Buying An Investment Property

Most buyer or investors buy a property because they like it. This can sometimes be an investors 1st mistake. When you’re looking at an investment property you should be considering who your potential tenant could be and what their needs are.

The type of tenant your property will attract will depend on location, number of bedrooms / bathrooms and of course how much the rent is .

For example if your looking at a location that is close to schools and shops then the tenant you attract is likely to be a family, so you would steer your search more towards a 4 bed 2 bath home that is pet friendly as apposed to a 3 bedroom 1 bathroom with no garden.

Other things that are important to tenants in general are secure parking, security doors and windows, heating, air conditioning and a dishwasher.  Try to find a property with these features or a property that allows to install them after purchase, this will make all the difference when it comes time to find a tenant.