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In today\u2019s rental market, keeping up with the competition in terms of price, modern features and lifestyle is important to ensure that your investment property will have a long-term tenant.<\/span><\/strong><\/p>\r\n \u00a0<\/p>\r\n So if you are considering buying an investment property as a way to build wealth for your future, then see to it that it\u2019s one that can be a source of continual capital growth.<\/span><\/p>\r\n \u00a0<\/p>\r\n Here is a list of non-negotiables that will help keep your property on top of the competition:<\/span><\/p>\r\n \u00a0<\/p>\r\n LOCATION<\/strong><\/p>\r\n Buying an investment property in a popular suburb is NOT enough. Instead, you have to also consider the specific pockets of these suburbs and select an area that has property types similar to yours. Think about it — buying next to a potential development site may affect your property\u2019s capital growth in the long run.<\/span><\/p>\r\n \u00a0<\/p>\r\n PARKING<\/strong><\/p>\r\n Having a car park is convenient and somewhat a necessity for almost everyone who owns a property. Meaning, it\u2019ll definitely be a huge plus for potential tenants if your investment property already comes with an allocated car park.<\/span><\/p>\r\n \u00a0<\/p>\r\n PERMANENT POSITION<\/strong><\/p>\r\n Adding value to your property is something that you can do anytime. You may install a new kitchen, pool or have a complete renovation, but having permanent features like land size and property position is going to be convenient and beneficial for you for many years to come.<\/span><\/p>\r\n \u00a0<\/p>\r\n UNIQUENESS<\/strong><\/p>\r\n In order to attract a large number of tenants, make sure your property generates consumer demand and that it has something that is not available in most other properties, like having a storage.<\/span><\/p>\r\n \u00a0<\/p>\r\n Storage or an extra space is an example of what potential tenants highly value when looking for apartments, units, or any other rental properties.<\/span><\/p>\r\n \u00a0<\/p>\r\n Basically, it\u2019s going to be a great investment if you buy a property that already has an appropriate amount of storage instead of just adding them after some time. You wouldn\u2019t want to push up the price point and deter potential tenants when you do this, right?<\/span><\/p>\r\n \u00a0<\/p>\r\n Remember, a lot of tenants are not willing to pay additional rent for this kind of luxury. They can always find alternate solutions and make their own storage space anyway.<\/span><\/p>","protected":false},"excerpt":{"rendered":" In today\u2019s rental market, keeping up with the competition in terms of price, modern features and lifestyle is important to ensure that your investment property will have a long-term tenant. \u00a0 So if you are considering buying an investment property as a way to build wealth for your future, then see to it that […]<\/p>\n","protected":false},"author":1,"featured_media":93,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[74,24,12,293,126,77,296,78],"class_list":["post-92","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-blog","tag-investment-property","tag-property","tag-real-estate","tag-real-estate-agency","tag-rental-property","tag-rentals","tag-tenanted","tag-tenants"],"yoast_head":"\n