Property has long been one of the soundest investments available. It provides returns that ride out market swings – and gives a superior return on investment. However, what sort of property investment suits your particular needs? Here is a short guide to property investment opportunities.
If you are looking to make an income that will offset your investment in a property then you want to be looking at buy-to-rent properties. The attraction of these types of properties is that at current mortgage rates you can make enough money to offset any finance. However, the key is ready funding. If you can find enough money to put down on that property you will cushion from the vagaries of interest rates.
So here we go.
Student property. The increase of numbers from not only domestic students flocking to institutions of higher learning has made the return on investment for investment in property around universities and other types of educational institutional establishments tremendously attractive.
Now, investing in an established property can be attractive. But there is an alternative – off-plan investment. You invest in a property that has yet to be developed. The savings can be enormous – up to a 50% discount off already completed developments.
Now for savvy property investors, there is an investment opportunity that may fly under the radar. Storage. It may not be a classicly ‘property’ – but for the first time investor, it simply makes sense. The buy-in is low, and the upside is a steady, if not spectacular return.
The key to successful property investment is simple. Find your self a trusted advisor. If you do not ask experts you will not be able to identify those parts of the markets that are most ripe for cherry-picking.
There is no person on this planet who can be an expert in all things. Speak to an expert in one field.