Thinking of buying, selling or renting out your property? Here are some of the frequently asked questions and answers to help you with the process.
Buying a home is one of the biggest decisions you can make, so it is critical that you fully understand both the property market and the buying process. McAndrew Property Group can help you find the right property, and assist in ensuring a hassle free transaction from start to finish. Whether you are seeking a home for your family or a new investment property, McAndrew Property Group has an extensive range of high-quality residential properties available for your consideration.
Four things to consider when buying a property
1. Decide on the Location
Choose a location that suits your lifestyle, but also be mindful of factors that effect long-term growth. Suburbs with access to schools, shops, transport and cultural venues often have enduring appeal.
2. Be Prepared to Compromise
Finding the perfect property in the perfect location is always a challenging proposition. Buyers can often achieve better outcomes by considering a neighbouring suburb with more affordable opportunities.
3. Recognising a Good Buy
In order to identify a good buy, it is critical that you have a solid idea of market value in your chosen location. Consider consulting an accredited valuer or undertake a sales comparison of recent properties sold in the area.
4. Do your Homework
A pre-purchase building report helps gauge the true value of a property, and can assist in the identification of maintenance and structural issues.
An investment property can be an important component of any investment strategy, with a well-selected asset capable of yielding a positive cash flow and increasing in value over time. McAndrew Property Group can help you with all facets of property investment, from finding quality properties in high-growth markets, to securing reliable tenants and maximising rental income.
Three tips for Investment Success
1. Buy at the Right Price
Strong capital growth makes for a valuable investment, so it is essential that you choose a property that will increase in value over time. Investors can maximise their return by being patient and securing opportunities below market value.
2. Rental Appeal
Ensure that your investment property can deliver a reliable stream of rental income, as this will help alleviate the costs of holding the asset. Be mindful of the demographic profile of renters in the area, and select a property that will appeal to their lifestyle preferences.
3. Choose the right Property Manager
It is important that you find a licensed real estate agent to manage your property, as a good manager will help you get the best value from your asset and oversee the search for a quality tenant.
Selling your property can often be a stressful experience, so it is worth engaging the services of a registered agent to market your property. At McAndrew Property Group, our expert team of sales agents tailor a comprehensive marketing strategy for your property, and oversee each stage of the property sale, from market valuation to contract of sale.
Three Must-Do’s Before Selling your Property
1. Understand the Market
Make sure you have a good idea of current market conditions and your own financial circumstances before investing time and money preparing for sale. Is it a good time to sell? Market trends and recent sales in the area will help shape your expectations.
2. Add Value
With most serious buyers likely to undertake inspections of your property, it is vital that you protect its value by ensuring completion of any major repair work. Good maintenance goes a long way, as small details can often leave big impressions.
3. Find a Great Agent
Choosing the right agent is critical, as they will be representing your property.
Ask for recommendations from friends, family or colleagues and select a reputable agent with a strong track record in the local market.
At McAndrew Property Group, we appreciate and understand the importance of your investment property. Which is why we aim to manage your property in the most financially rewarding manner so you receive the maximum return on your investment.
When you choose McAndrew Property Group, you gain a high-quality management service delivered by a team of experienced real estate professionals who are committed to obtaining the highest market rent for your investment property.
Our Property Management services include:
- Comprehensive Property Management Service
- Prompt Client Communication
- Tenant Selection
- Tenancy Application Screening
- Routine Property Inspections
- Coordination of Repairs & Maintenance
- Document Management
- End of Month Reporting
- Daily Checks on Rental Receipts
- Pre-placement Consultation
- Rental Reviews