In the next blog in our series of frequently asked questions, I answer the question:
Why use a professional when investing in property?
Some people choose to DIY when it comes to property investing. And why wouldn’t you, surely it’s not that hard?
Investing in property isn’t as simple as reading a few articles about investing, choosing a location, and looking up a property on RealEstate.com.au.
You need a Plan
If you’re going to invest properly, there needs to be a plan in place. You need to consider your current financial position, what your long-term financial goals are, and the ways in which you can get there.
You also need to work out whether you are looking at a short-term, higher risk investment or a longer-term strategy when it comes to making profit from investing in property.
When assessing your current financial situation, you should also consider what sort of financial structure the property will be in. Will it be purchased in your self-managed super find, will it be under a trust, and what lending product is best suited for your scenario?
Location, Location, Location
Many people get fooled into seeking out “hot spots” for their investments that are being promoted as high growth locations. But growth isn’t the only factor that needs to be taken into consideration.
At Equidel, we spend considerable time undertaking national research to find the right locations around the country for our clients to invest in. We fly interstate to visit local developments to understand the local communities and to make sure that the areas are not in danger of becoming a ‘rental ghetto’.
We also want to know things like what infrastructure is in place like public transport, schools, child care centres, medical facilities and more. We want a location that’s sustainable and will continue to grow over time.
Choosing the right developer
Investing in off-the-plan properties means that you have a build process to go through. This is one that can be fraught with hiccups and hidden costs, particularly if you choose the wrong developer.
At Equidel we have personal relationships with our chosen developers around the country to ensure that we get access to the best stock, often before it becomes available to the rest of the market.
We also go out of our way to ensure that the end product is completely turnkey, and of exceptional quality. We want this investment property to come complete with a letterbox, landscaping, and high-quality finishes. We want your investment property to be very attractive to the local rental market!
A good Property Manager is worth their weight in gold
You need a good property manager for your investment property, or you risk your property becoming run-down, and possibly vacant for a period of time.
Like our developers, we have personal relationships with local property managers so that we can ensure your investment is rented quickly, while being well-looked after by someone who will communicate well with you.
Investing in property can be a very time consuming process. A professional property investing business like Equidel means that you can outsource the entire process, making it easy for busy working people and business owners who appreciate that their time is valuable to them.
The bottom line is – We do this day in and day out, so we’re experienced in investing in property.
We know where the hiccups can be in investing, and Equidel’s internal processes are in place to avoid them completely, or at least minimise them. Our goal is to make investing in property as simple, and hassle-free as possible.
Easiest of all? We like to start the process with an obligation-free coffee. You can sit down with us and work out whether we’re the ones you’d like to go on your property investing journey with.
Get in touch with Equidel: Contact Us
Read some of Equidel’s client results.