It’s tempting to only buy investment property in your local area, but as an investment strategy it’s limiting. Sure, buying interstate requires more homework than buying in your own hometown, but the benefits can be well worth it: you’re likely to find a better opportunity to enjoy a combination of strong capital growth plus healthy yields across your total property portfolio.
The use of home equity, whether for investment in a new property or improvements to an existing home, is a common wealth-building strategy for many owners.
As a homeowner, a property investor or someone in the process of house hunting, it’s important to have a good grasp of all the elements that determine what a property is worth.
If you’re currently considering buying a property that needs a little facelift, you’ve no doubt been carefully thinking about whether the costs will outweigh the benefit.
