When you’re looking to invest in property in Oakleigh or any of the surrounding areas, it is important to take the location into account. This may seem like a real estate cliche, but if you’re purchasing a property with the intention of renting, nothing could be more important.
You can always renovate a home to remove undesirable aspects, or to add value to the property. But the initial location is more or less set in stone.
Think about the location of your investment property in relation to the common utilities people use daily.
For example, how close is the local supermarket? Are there public transport hubs nearby? How are the schools in the nearby area and, more importantly, is your property within the school’s zone?
People could be more willing to pay higher rents for a property that is located close to these types of facilities, especially as you get closer to metropolitan centres like capital cities.
Furthermore, choosing a good location will mean that when you decide to sell the property, the overall value could increase – netting you a healthy return on your investment in the future.
If you’re considering investment in Oakleigh real estate, get in contact with the team at Ray White Carnegie and begin your climb up the property ladder today!