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
