The Team at JPG know how critically important it is to perform thorough research of any location. The more time and effort invested in researching the suburb or location and property, the less risk you will be taking. Depending on the type of property targeted, below is a snap shot of considerations undertaken by our team for clients;
- An Analysis of the initial costs of the property;
- Purchase price
- Stamp duty
- Your time and travel
- Building and pest inspection
- Legal costs
- A depreciation schedule
- The ongoing costs of the property;
- Utility bills
- Repairs and maintenance
- Renovations and capital improvements
- Property management
- Interest on your loans
- Insurance
- Rates
- Body corporate
- Unplanned vacancies
- An evaluation of the costs and benefits of the investment over the life-time of the investment
- Consideration of your ability to service the loan that is needed to finance the investment
Accurately forecasting all of these factors will give an investor a much clearer idea of whether or not their investment is going to be viable.
