The home loan brokers at Smartline Rockingham have a lot of experience with owner-occupiers, as well as investment properties. We have seen the good, the bad and the ugly of investors and rental properties.
We know everyone wants to make as much money from their investment properties as they can. It’s the whole point of investing. However, we see individual investors make some mistakes that cost them thousands of dollars. Sometimes mistakes can be the deciding factor in whether someone becomes a successful investor with a large portfolio or washes out after one unsuccessful investment property.
That mistake: buying and maintaining properties according to what they like instead of what the market wants. While you are an entrepreneur as an investor, you still have to realise that the public is now your “boss.”
If you aren’t as successful as you want to be yet or even if you are doing well, pay close attention to the rest of this piece.
What Modern Renters Want
Modern Communications Technology
According to a recent McCrindle study, 31% of renters are looking for cable internet. Another 25% are looking for a strong mobile signal. 22% are looking for other miscellaneous features, such as an appropriate amount of power points in every room.
Nearly half of all renters have a pet. Of those who don’t, 35% say they would have one if it was allowed where they live.
38% of those in the McCrindle study mentioned parking. It is, by far, the most commonly-cited factor.
What it Means to You
These three factors are important but it is smart to do your own research. If you don’t have a property yet, make sure any potential purchases has these factors. Find out what renters in your market want. It can make a huge difference.
Call the Home Loan Brokers at Smartline Rockingham
To learn more or to get pre-approved for a home loan, call Smartline Rockingham today: (08) 9527 1800.