Looking to invest? Appeal to foreign renters!
June 19, 2014 / Written by Rich Harvey
It's no secret that many home seekers in Sydney and beyond originated from another country. While China is recognised as one of the biggest source countries for foreign property interest, you can count on getting attention from tenants from India, Singapore and other nations if you purchase a home to rent out.
With that in mind, doesn't it make sense to have a game plan in place to help you appeal to these potential renters?
The Herald-Sun recently reported that at least one major real estate sales agency is prepping its agents with lessons in how to sell to Chinese investors. The same strategies can help you make the most of your investment property in Sydney.
Some of the tips outlined by the Herald-Sun include the importance of proximity to areas that cater to these consumers, such as Asian shopping precincts.
Another factor to keep in mind is how a home may lend itself to feng shui, something that might be important to Chinese renters. Something as simple as not having the stair case running out the door could be a clincher for the right tenant.
One house feature you'll likely want to avoid is a kitchen in the middle of the house. The Herald-Sun said Chinese buyers may not like this, as Chinese cuisine features many oils and smells that could become trapped inside the home if the kitchen is located here.
If you're planning on appealing to these types of renters with your Sydney investment property, it can definitely pay to know what features they might be on the hunt for.
Working with an experienced buyers agent can make finding the right property easier, as these professionals will be able to point you in the direction of real estate that matches the requirements you're looking for.