How Interest Rates Affect Property Investment Strategies
Interest rates are the invisible hand that shapes every property investment decision you make. Whether you're building your first...
Many first-time buyers see something that looks perfect and rush into the purchase without proper inspections.
The gorgeous house in the quiet suburb of Buderim seemed absolutely perfect from the outside.
It attracted more than a few admiring potential buyers. But the house eventually got sold to a family with two children.
They hoped to renovate and turn it into the home they’d always dreamed about.
Unfortunately, the property had a problem.
It was absolutely infested with termites.
The problem was so extensive that no insurance company would insure it.
Worse yet, the couple hadn’t skipped anything during the buying process.
They’d paid for both building and pest inspections, so they thought that everything was okay.
Now, they’re left with a property that they can’t insure and thousands of lost dollars. While they’ve put it on the market, their real estate agent has it listed at land value only.
Make sure you don’t make this mistake when you’re sourcing your property. Research any inspector that you consider working with to ensure they have a great track record.
And if you’re not completely certain, consider having a second inspection carried out.
Interest rates are the invisible hand that shapes every property investment decision you make. Whether you're building your first...
When economic storms hit, property investors face a critical question: which assets will weather the turbulence? During uncertain...