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What qualities your investment property must hold?

Buying an investment property needs certain elements to focus on. Pro real estate investors know which elements to focus on while buying an investment property thus they get good returns on investment. It requires accurate analysis, precise prediction and sufficient fund to buy an investment property.

Property valuers Melbourne help naive real estate investors to invest their money wisely in real estate. Even property experts consider to have certain qualities in the real estate which helps an investor to generate good returns on investment.

Here we are listing down few essential qualities an investment property must hold –

  • Right Location – The most vital, important and crucial element to consider while buying an investment property is location of the property. You can change the property by renovating it but unfortunately you can’t change the location of any property. So consider location is the foremost important thing to consider.
  • Strong Safety System – When people plan to living in any locality they then find the level of security it possesses. The most important factor which people consider before buying the property is – Safe area. Which means property where crime rates are low or no and security systems are there to caught the thieves. Even some societies are using high tech safe guard systems to provide the security to the residents.

  • Good infrastructure – Property valuers suggest to invest money in those properties where the possibility of having development in the nearby areas. This increases the capital value of the property with time and ultimately gives you good returns which you expect after investing money in real estate.

  • Low vacancy rate – Buy the property type which is in demand. Even properties with low vacancy rate tends to have high demand and vice versa. The property should fulfill the requirements of the people thus it becomes first choice of the people and finding the potential tenant for the property becomes easy.

  • Great amenities – Amenities like having offices, hospitals, schools, gardens, clubs, shopping malls near the property makes it more likeable among the people. This makes the lifestyle of the people easier.

Take the advice from the property valuer before finalising the property related decisions. Their industry experience, vast knowledge and good analytical skills helps people to draw right decision. The core aim of real estate investors behind the investment property is to make money by selling it or by keeping it on rent. Thus it is essential to have good qualities an investment property should hold.

Buying an investment property is tough decision. As it involves huge amount of money and risk associated is higher. So better to take the right decision under the guidance of the experts.

Feel free to contact our experts they are always ready to assist you.

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Are you living in the same house? Even after retirement

You must to think twice if you are doing so. You are a retired being or soon going to retire in coming years. We all have certain plans regarding our life – the way we want to live after retirement. If you don’t have one, it’s a high time to think about it. Yes, especially about the ‘home’ – the place where you are still living. When you were young and had kids you chose big space, so your family can live properly.

But by the time children have grown up and moved to different cities or location for their career. It’s pretty obviously, the space or home feels big cause you don’t have even members to live there now.

In such cases experts like property valuer Melbourne suggest – “downsizing”. Downsizing is moving down from big home to small one. Even property valuations Melbourne support this as the benefits of downsizing are many.

When you choose to do so you are welcoming the new lifestyle as you require everything less there –

Less time needed – Home cleaning is the biggest task ever. Maintaining the home is essential too. Bigger the space, the more it takes time to clean, declutter, decorate and arrange. Small home requires less time in cleaning. Which saves your minutes in a day, hours in a month and hassles of maintaining a home. Thus, in saved time you can pursue your hobby and do what you like, thus you will get more me-time.

Less money – As you are going to retiree you have to think about your budget, finance also. Basically small home costs less as compare to big ones. You can keep it on rent. Small home rents are lower than big home. Even maintenance costs of small home is comparatively less. Flat and apartments are easy to maintain. For retirees it’s become easy to maintain a good lifestyle with a small home.

Less efforts – The time of retirement is near and your age is going up day-by-day. You feeling less energetic and more tired. What if you have to manage a home with four bedrooms? It is going to become an uphill task for you. So better to have a two bedroom home which you can manage well and easily. Thus downsizing benefits retires.

Sale and buy new small one – If you owns a big house you can sell it off and buy a new small one which will cost you much less than the sales price of your old big home. Thus you can save thousands of bucks and can invest that money in buying another real estate property. Which you can later keep on rental basis. Thus instead of one big property you can buy two (in some cases). One for your own purpose and second for rental purpose.

Hence the benefits of downsizing are many. We have listed down only a few. Property valuer says – Take a proactive approach to housing as you age, it’s better for later.

Hire property valuer Melbourne and enjoy the right valuation services when choosing downsizing.

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Qualities which makes your Real Estate Agent distinguished

You need a real estate agent to make an informed real estate property decision. As agents have spent years in practicing and understanding the real estate market. Their deep knowledge benefits the real estate investors and simplifies the property buying and selling process.

Being a greenhorn investor you should take advice from real estate expert. But the most common question arises in the minds of the people is – On which qualities we should focus on while hiring a real estate agent.

Here to simplify your task we have designed a list of qualities a real estate agent should possess. So before selecting the one make sure to check these qualities are there in your real estate agent or not.

Great knowledge – Real estate agent should know all about the local market trends, current condition, recent sales, market price, properties on sales and more. They should know well about these things which helps a naive investor a lot. Well the investor doesn’t know each and every minute detail of the property world. So better to hire a real estate agent with updated knowledge.

Good connections – Real estate business is all about networks, contacts you have and connections you make. Good connections simplifies you task and helps you to crack more deals and get more work. Their connects will help you in home buying and selling process. They know money lender who grants loan at great deals, professional lawyers, financial managers, property valuers Melbourne and more. This makes investor task easier.

Provides you right information – A good and reliable property agent provides you right and real time information each time and every time. They keeps you updated and and never hide any essential information from you. Transparency is the essential in providing the information related to real estate. A Good real estate agent maintenance transparency.

Clear and precise – A good real estate agent first understands your requirement and then start the work accordingly. To fulfil your purpose is always a main motto of the real estate agent. Some even prepares a questionnaire and ask you to fill it in order to bring the best results and help you to achieve what’s right for you.

Works in every condition – Real estate property world changes frequently and every investor, buyer and seller – demand and purpose varies. This brings a challenge in the work of real estate agents. So better to work as a real estate agent who is more flexible to adapt the changes with every client and flexible in nature.

You can find a real estate agent with these qualities over online by search and surfing. Even you can ask your friends and family to recommend you the best one.

For best property valuation services, Property valuers Melbourne are famous. They are registered, qualified, well trained, well educated. Their years of experience will help you in making the sagacious property related decision.

Contact property valuers Melbourne for right and real time valuation. Have a happy investment with valuations melbourne.

Easy tips to rent out your property quickly

Earning money via generating rental income is the smartest way to invest your money in real estate properties. Finding the right, genuine and long lasting tenant for your investment property is a tough job. First you should hire a property valuer to evaluate the actual value of the property and then ask the property valuers Melbourne to find the actual and accurate rental value. Knowing the actual rental value of the property helps you keep your property on rent easily.  

Look we all know owning an investment property brings a lot of expenses. But if you are receiving good rental income then you will be able to pay your loan repayments, insurance and other maintenance cost associated with the property easily.

There are certain things which should be kept in mind while renting out your investment property –

 

  • Keep it clean and tidy – When prospective renters come to visit your property make sure your investment property is clean and clutter free. Dirty floors, peeled paint, broken tiles and collected trash in home creates a negative impression on the viewer. It is vital to keep your property well painted, up-to-date otherwise you won’t be able to get the right tenants for your investment property.

 

 

  • Repair, renovate or remodel it – Property demands maintenance. This is the pretty well-known fact and investors should keep it in mind. Monthly or weekly visit to the property is essential to known which part or corner of the property needs repairing. Your ignorance in the matters of home maintenance in the initial stages of the property creates trouble for you in future. So better to maintain, repair and if requires renovate the property timely. Well maintained property helps to attract the potential tenants.

 

 

  • Marketize your property – It is essential to disseminate the news of your property in the market in order to bring the potential tenants. You can marketize or advertise the property to grab the attention of right tenants. Plan your advertising strategy well to get the maximum exposure and returns on investment.

 

 

  • Maintain good relations with your tenants – Maintaining good terms with tenants, helps you to have longer occupancy. That’s what you want. Listen their problems carefully, resolve them timely so you could build good terms with the tenants which helps you to hold them.

 

Apart from this to put your property on rent you can hire property valuer Melbourne and property broker to know the rental value of the property and their expertise helps you to get the right tenant. Property brokers know well about the prospects and properties available on the market. Their work is to showcase right property to right tenant as per their requirements.

Property valuation services are essential before you make any decision related to the property world. Earn more money by renting out your property to potential renters.

Get the right valuation services by the property valuers Melbourne. Feel free to contact us anytime. Our experts love to assist you.

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Lessons you must learn as a Property investor

Wanted to be a rich? Experts will suggest you to invest in real estate. Yes, Investing money in real estate business with the aim to earn more money is right option for you. Hire a property valuer Melbourne and take the right advice from property valuer otherwise you put a dent in your profit margin and it can break your confidence too. Investing right amount of money at right time at right place is crucial in real estate.

There are certain things that you should learn from the Pro property investors to make money in real estate –

Property investment covers everything – Some people tend to misunderstand the term ‘property investment’ by property buying only. But it includes buying, renovating(if requires), finding potential customers and then selling it at right price. Property investment includes various stages. Smart property investors know buying property is the beginning of the journey in the real estate.

First your purpose behind the property buying should be clear, before buying the property. Ask yourself what you will do after buying the property? Either you will rent it out or sell it. If you are planning to keep your purchased property on rent then you have to find the right tenants. Who stays long and pays rent on time.

If you want to resell the property then you have to find the potential buyer and sell the property at higher price. Thus you can make money through real estate investment. Pro investors know all about property.

Property investment needs forecasting – Smart Investor calculates the future casualties, possibilities and profit margins and then makes the decision. Whether you are putting your property on rent or planning to hold and sell the property you need to pay for property maintenance. Being an owner you have to bear minimum cost of holding a property.

Pro investors calculate the cash flow accurately and effectively. They hold aside the contingency fund and then calculate the core profit. This process helps them to earn money in right way and it also reduces the chance of losses.

Property investment is uncertain – Real estate market fluctuates very much and it is completely uncertain. Even you plan the things properly but still market conditions turn around and changes the whole scenario. Good real estate property investors plan for the unsure things.

This makes them mentally fit and strong. It is not always the case when you win. Sometimes ball is in other’s court so better to plan the things strategically and be prepare for every outcome of your decision.

Patience is must as a real estate investor. Things and conditions changes with time. You have to keep calm and make the wise decisions.

Time is crucial in real estate business. Buy and sell property at the right time. This gives you good ROI (returns of investment). Hire Melbourne property valuer to know the market value of the Melbourne properties and then take the sagacious decision accordingly.

For best property valuation services contact property valuations Melbourne

All our property valuers are experienced and professional

Why people don’t buy some property

Whether you are an investor or vendor you want to sell out your property fast in order to make your next move in the property world. But selling real estate property and finding a suitable buyer for it is not an easy task. It is undeniable fact that there are lot many influential factors which affect the property transaction. You should work on those factors which you have control over and you should put some little efforts to sell your property fast. Keeping your investment property on market for a long time demands maintenance cost and lower the overall property price.

There are the reasons why homes don’t sell fast and why people don’t buy such properties. Because of mistakes are done by the property investors while selling it. In order to sell your investment property fast, it is advisable for the investors to take a suggestion from the property valuation VIC.

1. Incorrect pricing strategy – Every investor and vendor want to earn the profit. To fulfil this desire they overpriced the property which is the worst mistake they make. This leads to taking away the potential buyers. No matter how smartly your investment home is renovated never forget property buyers are smart now. They know the actual value of the property. So it is imperative for you to hire a property valuation VIC first and know the actual market value of it before announcing your property is not market for sale.

Tips – After location price is the second important things which are highly valued in the property market. Being an investor or property valuer you should set the right selling price of your property.

2. Poor quality renovation – While housing flipping or renovation or remodelling an investment property, you choose poor quality material and DIY task to save few bucks. Which is not right. Quality material speaks in itself. If you use low-quality material to cut your corners then buyers can easily understand the things and will show less interest or no interest in buying your property. There is the difference in cost efficiency and cutting your corners. Be wise in doing so.
You should not do the home renovations task just to save money remember only professionals can give you less quality work and poor quality work will cost you even more to rectify the mess you had created.

Tips – Choose the renovation task mindfully. Renovate those part of the house which needs improvements and very essential. Also, make sure your renovation gives you good returns on investment. You can even ask property valuation Sydney before starting the renovation.

3. Doesn’t fulfil their requirement – It is essential to target the right buyers to sell your home fast. If you are targeting the buyers having children and your investment property is not in the school’s zone. Then you are targeting wrong buyers. It is imperative to study the marketing strategy well. You should first understand the buyer’s need and then think does property fulfil the buyer’s requirement then only you should invest your time in approaching and convincing them otherwise not.

Tips- Understand the buyer’s need first and then related who you property resolves their problem. This helps you to sell your property fast.

These are the core reasons cause of which buyers don’t purchase the real estate property. For best property valuation services you can contact property valuation Melbourne.

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The perfect guide for Property research

Everyone wants to make a profitable deal and to earn money in the real estate property market. From finding the right property at the right location to know the returns on investment of the property (in which you had invested) or want to invest is all depends on how strong the property research you had done. The property research helps people to make the informed property decisions. To know the value of your home you should hire a home valuer.

These tips will help you to research well while putting your first step in the property world.

Financial research – The first thing you should do is financial research. It includes setting your budget, checking your funds, and knowing your limits of home loan. All you have to create a list of your assets, cash you have and check out your expenses. This helps you to know your affordability. Thus it becomes easy for you to create a financial balance and this will save from breaking the bank.

Type of Property – Once you have arranged your funds wisely then you have to think about the purpose which kind of property you want. Commercial or residential property or you are buying for your own use or investment purpose. Decide what type and for what purpose you need the property.

If you are buying for an investment purpose you should think like a buyer and its return on investment. If you are buying for your own use then you are free to choose the property which suits your pocket and fulfils your requirement.

Research the area well – If you are buying property for own use then research the locality in which you are planning to invest. It should suit your lifestyle and possesses the amenities you need. If you are planning to buy an investment property then you should consider the location with good returns on investment. Make a research about the vacancy rate, capital growth, house median prices. The surburbs or hotspots which are working well nowadays and research which is going to give you good ROI in future.

Now find the suitable property – Once your have completed your financial research, type of property, then your next task is to research about the property. You should check the property thoroughly before purchasing the property. Check the condition of the property, amenities available, make a research about property price. You can hire a home valuer for house valuation Melbourne. So you don’t have to pay much.

You can also take help of property broken in finding the suitable property of your choice. If you buying property for your own use then research it well. Select the few properties and then make a comparison. If you are buying an investment property then research the rental value of the property and then its future value. Check the capital grow rate of the property before buying it.

To hire the best home valuer for best home valuation services you contact us. We have a team of expert home valuers.

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Avoid these property research mistakes

Research in the property world is important to frame any decision. As the two major factors, money and time are associated with the property market. They are highly valuable. Your single mistake can ruin your all efforts and can put a dent in your profit margins. You should take advice from the qualified and certified residential property valuer to make the right decisions at the right time in order to make profits. Apart from this, you should make the research to know about the property market. But people often make some mistakes while doing the research which can affect their decision and leads to having a serious loss.

In this blog post, we are sharing some common mistakes and tips to avoid the mistakes while doing the property research.

Over-doing – Lucrative business of real estate often makes people greedy and they start over-doing the property research which is dangerous and many times puts them in the pit of loss. Over-doing research is as equal as not doing any research. Just to get more knowledge people often do deep research which sometimes blocks their mind and leads to confusion. This over-doing research meaning larger sets of data and over-analysis which misguides the people and thus end up with major losses. So people should avoid doing over research just to earn more money.

Relying blindly on a single source – Research needs data and relying on a single source of data and stats is a completely wrong way. Instead of guiding the right way it sometimes misguides the people. The property market is very unstable and changes frequently. Thus creating the cent-per cent accurate data is very tough for any source. It is better to take data from various sources and then make a comparison. study those data and then reach to any conclusion. Relying blindly on single source and statistics is a major mistake which people do.

Not-doing any research – It’s true – research is a daunting task. But it’s unfair to avoid it completely. Not doing any property research before taking the property decision is sheer stupidity. As knowledge is must in the property market and no other best way than research to learn and predict the property world. Don’t forget you are buying something which costs you huge money with the hope it will give you future benefits. But without research, you can’t make sagacious decisions in the property market.

Taking short ways – Always remember shortcuts won’t take you to the top of the success. Unless you do it correctly you won’t get any advantage of it. This is the major rule of research. Though it is a boring and tedious task you should not choose the shortcuts for this. Some people often take the decision based on property appearance which is incorrect. This can put you in major trouble. Property buying, selling and renting decisions involves a huge amount of money so it is advisable and imperative to take the decisions based on reality and true facts.

These the common mistakes we should not commit while doing the property research. For the best residential valuation services, you can contact us. We have a team of expert and qualified Melbourne property valuers.

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Know which part of the home is known as – Heart of the home

Here are the reasons why the kitchen is called as first room of the home and why people should give importance to the home’s heart

Serves as functional and entertainment area both – Kitchen is the place where we can cook and enjoy your time with the family members which helps to create the bond between our dear ones. Even you can call friends for a party at home thus you can spend a great time well together with your friends you can cook delicious food and have a conversation with your friend together in the kitchen.

It’s a centre of a home and attraction – From morning coffee to dinner you want to be in the kitchen for everything. It is the place where food is cooked. Food energies our mind, body and soul to the place where raw food material goes in and comes out delicious tasty food which satisfy our hunger pangs then how we can stop ourselves calling it the first or best room of the home.

Place to make your health – We all know the fact – “Health is wealth”. We are what we eat. The home cooked food is the best for health this fact has been already proved by many kinds of research. Well, where most of the people are ordering the food from outside via food home delivery applications they are putting a worst impact on their health and pocket as homemade meal is best for both tummy and pocket while it costs you more when it comes to calling food from restaurants. Even this deteriorating the health and relationship between the people.

An entertainment place – Modular open kitchen usually connected with living space makes it more livable and fun place. You can cook and watch TV from your kitchen thus you won’t feel bored while cooking food. Even listening to music is also a good option to make your cooking interesting.

A creative place – Kitchen is the place where you can horn your cooking skills and try new things which makes you creative. Yes, in your kitchen you can cook new dishes and teach your children to help others in their work.

These are the reason behind the kitchen’s importance. You can hire a home valuer to guide you which home is best for you. Also to know the home’s value you should ask home valuer for home valuation services.

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No one tells you what to check before buying a home

Becoming a homeowner gives you a sense of satisfaction, power and stability. It’s a dream for who don’t possess any home. It needs a huge amount of money and research before investing in a home. We usually ask our friends, colleagues and real estate agent before buying the home but often forget to take an expert advise i.e residential property valuer’s advice. Yes, you should hire a residential property valuer for advice as they know all ins and outs of the property market pretty well.

Apart from their advice, being a prudent buyer you should check the things before buying. Here is the list of the things you should check before buying a home.

Inspect the local area well – Visit the area at least three to four times at different time zones of a day. Look at the noise level of the neighbours, amenities nearby the property, know the crime rate, check the sufficient natural light coming to the property or not, Ask about the parking space for guest, any extension or renovation prohibited or not etc.

Manage your finance – Look buying a home is a big thing, you should hire a financial advisor to help you in managing the funds properly. Check your borrowing limits or how much loan amount you are getting from the bank? You can also check the deposit and other sources of finance if you have. Otherwise, a cause of lack of finance you may have to lose the deal.

The reason behind the property selling – Before buying any property know the reason why the owner is selling the property? Is there any story behind the property is on the market? Well, you can ask the owner directly but to know the real story you should ask the local residential property valuer they will narrate the whole picture in front of you. It is vital to know the backstory of home (if any it has). It might change your perception for the home or property.

Know your neighbours – You have to get socialised with your neighbours before moving to the area. Even before buying you should talk to them to get their information regarding the local area and thus you can check they are friendly or not. Look neighbours are going to put the great impact on your lifestyle choose them wisely.

Hire the professionals – While you are buying the home for the first time without any second thought you should contact the best solicitor, financer to handle legal and financial matter thus you can make buying home a nice experience. Ask your lawyer to check the legal documents before signing the agreement or ownership.

Check environmental risk – Know the impact of environmental hazards like flood, land collapse, fire zone in the area where you are looking to buy the new property. The area is prone to environmental hazards or not if they are then it is advisable not to buy the property there, cause fully covered insurance premiums of a home in those areas to cost you too much which is like bearing an unnecessary expense.

Follow these tips to before buying the home. Hire our residential property valuer for best residential property valuation services.