Buying Regrets – Not Doing Enough Research

Understanding the real estate market is crucial for making informed decisions.

Factors to consider will change depending on where and what you're buying.

Researching recent comparable sales, property values, local supply and demand, and potential future developments can help you determine the fair market value of a property and guide your negotiation strategy.

The problem is, that so many investors are excited by the idea of property, but skip the boring but vital step of doing research and due diligence (or don’t do enough of it) to make a sound investment decision.

And then they regret it….

It might cause them to overstretch financially, misunderstand projected growth or rental returns, or even miss a significant development proposal for the area which will affect the property or even the suburb value as a whole.

Sometimes, poor research sees investors fall down the rabbit hole of shiny off-the-plan investments that falsely promise guaranteed rent and failsafe price growth, without realising these ‘opportunities’ are often overpriced at best.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

You can now manage your Residential, Commercial or share/student accommodation property

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, 7 May 2024

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)