Questions to ask in your search for an investment
Are you looking to take advantage of the current market conditions and expand your investment portfolio, here are four essential questions to ask real estate agents at open inspections.
Have you had any offers on the home?
The agent may tell you if offers have been declined by the owner, which could provide you with useful information when you craft your own to submit to them.
How much rent are the current owners achieving?
If you intend to purchase the property as an investment, it is important to know how much rent the property currently attracts.
If the property is vacant, it’s important to note how much rent is being achieved for comparable properties in the area.
If you are thinking of making alterations or additions to the property, it is important to know the conditions of the current tenants’ lease.
What amenity and public transport services the area?
Parks, pools, shopping centres and café strips attract renters who want an array of amenities in proximity to where they live.
Proximity to bus stops, train stations or other public transport are also features of an attractive rental property.