Looking to invest in some property? Here's everything you need to know to increase those returns on your investment.
1. Research the Market
Before purchasing any property, make sure you do plenty of research. Look at market parameters such as your competitors, long-term potential growth and the amount of investment in that market.
2. Types of Property
There is no single answer every sector has its pros and cons. The property should suit the industry you would ideally like to lease to.
A new commercial property can be a joy at tax time with commercial property depreciation. An older property can allow you to build value and may have a better location.
3. Review the Floorplan
Make a sound investment decision by checking the entire layout plan of the space you intend to purchase.
4. Location, Location, Location
Ask yourself these questions:
Does it suit your needs as an investor looking for growth?
Will the property suit the needs of the occupier?
Then, look at things like:
Proximity to public transport
Proximity to essential services
Population size and projected growth
Is it a holiday destination?
Access to major transport routes
Access to public transport
Proximity to competitors
Need a hand?
At the end of the day, applying key property fundamentals is crucial to commercial property investment success: Relevant location, a high-quality tenant, and the ability to see capital growth. These factors are far more important than the birth date of your commercial asset.
If you need a hand and want to leave it to the experts, book a call with us to discuss your property-related needs.