Many people start out wanting to invest in property so they can reap the benefits of the rental market, but their dreams fall by the way because they simply don’t have a plan. Buying rental property is pretty much like your last years at school when you complete the VCE – the choices you make along the way impact the final result.
One way Accrue Real Estate helps their clients is by teaching them how they can invest to meet their financial goals. Just like the teachers who instructed you during your VCE years, Accrue Real Estate staff have a system to leads you to your ‘financial graduation day’.
You began VCE by choosing the subjects that suited you, that were going to take you to where you wanted to be. When you start out of the property investment ladder, it’s just as important to know where you want to end up. Perhaps your investment is to safeguard your children’s future and give them some security. Maybe investing is part of your retirement plan. You might want to purchase a property to rent to students; you may be more interested in renting to families. All of these decisions allow you to narrow your focus so that the decisions you make help you realise your financial goals.
Key to success is VCE is taking time to study. Property investment also requires study – you need to know about the location of a property. Is it close to amenities? Is it close to parks? Are there schools in the area? Shops? How close is public transport? Does the suburb perform well financially and with rental yield. This is one of the key areas Accrue Real Estate can assist. Their experience in the Melbourne property market means much of this study is done for you. Accrue can provide you with the ‘study guide’ that helps lead you to success.
The pressure time of VCE is the exams. There has to be an endpoint to any plan. Go through everything buying the property will mean for you. This might be financial – is it the property to meet your goals? Is the area going to continue to develop? You might consider the property through the eyes of a prospective tenant – does it provide everything they need to be comfortable? You’ve done the study – this is where it all pays off because you use it to make the decision.
The next bit is easier – you celebrate graduating to a property purchase! All the hard work has paid off and you have the perfect property to achieve your financial dreams.
Remember, just as there were many people to help you through the VCE, Accrue Real estate are there every step of the way to make sure you have all the information you need to make informed decisions to achieve your financial plan.