Location matters, and you know it. Whether you are planning to buy a property for living or to rent it out, you should prioritise location as a primary deciding factor. It is because when you are planning to live in the newly-bought property, the location should be favourable regarding accessibility, essential services in health and related sectors, and of course, safety. And when you are planning to buy a property for sale in Perth to rent it out, you should foresee the tenant’s preferences regarding location and act accordingly. Here is why location should be the make-or-break factor in your real estate dealings: Accessibility As mentioned above, accessibility should be a primary factor to determine the location of the property you are planning to buy. See if the property is accessible by public transport, like buses, cabs, etc. Further, it should also be connected well by roads to offer minimum hassle to your tenants. Amenities As an investor, you should purchase properties that have a favourable location in terms of amenities. Common public features, like shopping malls, retail stores, hospitals, clinics, parks, gyms, etc., should be available to the residents. Also, you should check if the area is close to schools and other educational institutes, in case you are renting the property out to a family with children. Infrastructural developments Is the property located in a developed or developing area? If infrastructural developmental projects are being carried out, it can be a futuristic investment. After all, a property in a developed area will invariably cost higher. If you invest in the property now, chances are, you will be able to sell it later at a much higher price. If you are looking for residential properties for sale in Perth, it is best to find a reliable real estate dealing platform online. There you will get all the essential information about the property you are planning to buy and contact some accredited real estate agents to make the property search hassle-free.
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August 2023
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