When done right, property investment can be lucrative and give the investor financial security in the long term. However, there are many reasons why property may not be right for you and these should be carefully considered before making your first investment. Prices don’t always go up There is a myth that property prices always go up, but if you get the timing wrong and are forced to sell you … [Read more...]
Attracting prospective buyers means making your property appealing from the outset to overcome any objection the buyer may connect to your property. When inspecting, buyers will often be distracted by anything unsightly, or unseemly additionsor omissions and will factor these into the price they are able to offer.If they see a lot of things that need to be done they will often … [Read more...]
Every property investor needs to start somewhere. First property investments are often emotional and with finance, location, property management, tenants and location all contributing to investment success or failure, it can often be stressful. It is easy to believe that you are alone when starting your property journey but there are various professions that are there to make it as smooth as … [Read more...]
Preparing your investment property to rent is not always as simple as hammering in a “For Rent” sign in the front yard. No time is this more true than when the rental market is most favourable to tenants, due to oversupply and high vacancy rates. There are three key factors that every investor should consider before placing their home on the rental market as David Bohan explains below: 1) … [Read more...]
A property manager is a crucial piece of your investment puzzle. Tasked with the responsibility of ensuring your asset stays in good condition, is rented by good tenants and ensuring limited vacancies, it is an important job that can cost you money if it isn’t done correctly. There a numerous reasons why your property manager may not be up to scratch. If you’re experiencing long periods of … [Read more...]
Self-managing an investment to save on overhead costs might seem appealing at first, but experienced landlords will attest to the benefits of having the right property manager at your service. Screening tenants, conducting property inspections, and timely attention to maintenance and repairs are just some of the benefits undertaken by property managers. Ensuring you can maximise your investment … [Read more...]
Regardless of the reason, a tenant vacating your investment property is a crucial time as a landlord and one that shouldn't be overlooked or the importance underestimated. There are steps and processes implemented to ensure the smooth transition between tenant and landlord and this is to ensure the utmost satisfaction of both parties. However, in such a busy time and sometimes with the eye on … [Read more...]
With the Brisbane rental vacancy rate currently the second highest in the country at 3.3%, the market is well and truly favourable to tenants. When a rental vacancy rate is high, tenants are flushed with an increase in choice and have more power in demanding better lease terms and rental prices. With an influx of units now on the Brisbane market, and more yet to come, it is natural for … [Read more...]
Whether you are an investor or an owner occupier there is no doubting the importance of choosing the right window treatment for your home. Window treatments offer one of the biggest bang for your buck type scenarios when it comes to beautifying and updating your home. In addition it can add instant capital value when it comes to getting a valuation on the home or putting the home on the market, … [Read more...]
With increasing chatter about vacancy rates rising across Brisbane, Image Property is committed to providing premier service to ensure the utmost reliability for our landlords. When rental vacancy rates rise within a city, the power shifts to tenants which provides them with increased choice and ability to negotiate rates and terms. With a more limited ability to be selective at the quality of … [Read more...]
