Property Investment tips

Property investment has been a sound financial option for the last decade - but it's still important to invest wisely and carefully. Here are some important points to consider when investing in property.

Long term

Property should be seen as a long term investment, so it's important to plan ahead. Make sure that your cashflow will be enough to cover additional work that you may want to do the property.

Deposit

In general, having a large deposit means that you will earn more on your investment in the long run. A 20% deposit is a good figure to aim for. If you are struggling to get a decent deposit together, consider buying with friends or family. Pooling your resources can make it easier to get started off.

Maintenance work

Consider buying a property that needs some maintenance work done. You can do some of the easier tasks such as cleaning and painting yourself. This can be a good way to add extra value to the property.

Location

Location is a major factor when investing in property. Look for a house in an up and coming area. Suburban areas with easy access to the city, such as those located near a train line, are a good place to look. Proximity to schools and shops will also add to the resale value.