The
availability of infrastructure and amenities is another important factor
contributing to what makes a location "investment-grade.”
Infrastructure
refers to the basic services and facilities that support the local community,
such as roads, public transport, and hospitals.
Amenities,
on the other hand, refer to the recreational and cultural facilities that
enhance the quality of life in the area, such as parks, restaurants, and
entertainment venues.
Areas with
good infrastructure and amenities are more attractive to both owners and
tenants, which can help to drive up both property values and rental yields.
After all,
it’s all about the lifestyle and what we call a20-minute neighbourhood.
Since the
pandemic began, our ‘home’ is no longer simply the place we rest and enjoy some
downtime between work and our social lives.
Now, the
neighbourhood is more important than ever.
We’ve found
buyers are willing to pay a premium for properties that are within a short
distance of a great shopping strip, your favourite coffee shop, amenities, the
beach, and a great park.
And as a
result, these are the type of neighbourhoods that investors and wannabe
homeowners are flocking to.
RealRenta has all the tools that a property manager has but for
less than ¼ the cost of a property manager.
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Tuesday, 14 November 2023
