Investing in property in todays market
Category General
Achieving the best return on your investment in todays market.
Achieving the best possible return on your investment property is a challenge in today's market. We know that multiple factors have an impact on the market and how quickly this may influence the final result in a very complex way. We have seen a demand for properties that offer more accommodation and living space due to the "work from home concept" that is fast becoming a reality for most people around the world.
What to consider before making an investment in todays market:
- Most people work from home, we don't see that changing soon. Consider three bedrooms properties with a small low maintenance garden that is pet friendly.
- The Northern Suburbs have always been an attractive option for investors due to good reputable local schools, easy access to main routes, and quality of lifestyle.
- When buying into a sectional title scheme be sure to carefully review all the finances. High levy accounts can directly influence your ROI.
Why is it important to know the value of your investment?
- To ensure that you are receiving the best possible return on your investment of between 2-5% annually.
- Are your rental escalations on par with the national/region average?
- If you are not receiving the return you expected, you could consider the comparable market analysis presented in order to evaluate the current market.
Author: Andre Kritzinger
