What To Look For In An Investment Property

The key to finding a good investment property is to think like a tenant and to keep your emotions in check.

Focus On Location

You've heard all before but location is so important when it comes to finding an investment property that tenants will want to rent.

Ideally your investment property should be close to:

  • Schools/Universities
  • Cafes/Shopping Centres
  • Parks/Sporting Facilities
  • Transport Links

Property Features

Remember you aren't going to live in your investment property so you can be more rational than emotional about the features of your property. A few basic features you should consider are:

  • Sturdy and hard wear floor coverings
  • Durable interior surfaces
  • Good low maintenance kitchen and bathroom
  • Street appeal, with easy to look after grounds/garden/balcony
  • Easy access
  • Durable interior surfaces
  • Good security features

Get some advice from your friends and family, but it is imperative that you remain focussed and rational when it comes to purchasing your investment property. Remember property investing is a matter for your head not your heart!

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