When you are buying an investment property, to remove the weakness of emotions, there are some very useful and practical questions to consider.

These questions, when addressed, will clarify what is important in a transaction and help you keep your sentiments out of the purchase. The process investors need to adopt should be clinical, taking into account only the numbers, a strategy, financial position and goals. The only thing that matters is whether the property will make a return to achieve financial goals.

Upcoming major projects in the area

New infrastructure projects can determine the future of your investment. Find out what’s being planned and when it’s due for completion. This includes major retailers moving to the area, new land advancements, commercial developments, changes in public transportation, etc.

The actual value of the property

A property’s selling price is not its actual value. Ask for a free property valuation based on RPData from your consultant at Fundamental Property Investment. It can be ordered in seconds and we will have the results in minutes.

Expected rental return

Ask one of our expert property consultants about the expected rental return on a property you are looking to invest. Most of the properties sold by us are independently valued for rental appraisals.

What are your personal goals? Capital gains, rental income or both?

Discuss your property investment goals with our dedicated staff member and they might be able to help you achieve them. You need to consider whether you are chasing rental returns or capital gains. Rental income will help you hold the property but it might not help you buy again. Capital gain should be on the top of your list (in the early stages of investment) because it might allow you to buy your second and third property.

Other investment properties in the local market

Checking the competition is always good. It informs you about the condition of the market and help determine future strategies. Based on this, you can also ascertain the growth, desirability and ROI (return on investment).

Can you afford it?

We know that affordability is the first concern you will have in mind, but rather than doing everything on your own, we would recommend talking to a friendly broker from WhiteStar Finance. WhiteStar Finance follows responsible lending practises and can assist you with your borrowing options, budgeting, paperwork and serviceability of the investment loan.

It’s inevitable that novice investors – and even many experienced ones – sometimes make mistakes. The trick is to get in touch with an experienced consultant from Fundamental Property Investment to avoid the most obvious errors.

Your time is your biggest asset. We all get emotionally attached to property or express bizarre logic about why we shouldn’t buy. Being trapped by all the confusion and hesitance can see buyers lose tens of thousands of dollars, along with sidelining them from better opportunities that have faster turnaround times.