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Wealth Creation Through Property Investment!

1. LOCATION | LOCATION | LOCATION: Whether it’s a commercial or residential property, the experts all agree that location is one of the most important aspects. “The more positive elements that a location has going for it, the greater the potential investment return”. A good location is where there is a potential for growth and development. The area needs to to be able to support the demand for property over the long term and subsequently increase the value of the Property in time.
2. FLATS V/S HOUSES: Smaller properties like flats, generate a better return than houses, thus the advise to choose flats over houses. If your budget can stretch that far, a 2 bedroom , 2 bathroom flat is highly recommended. The greater flexibility will therefore make the property attractive to a wider range of tenants so it’s less likely to lie empty.
3. WAYS TO ADD VALUE: The best way to make money out of your Property is to add value to it. For instance, renovating bathrooms and kitchens will ensure you get a better return when renting the property out and make you more money when you’re ready to sell.
4. BECOME TAX EFFICIENT: Speak to a tax advisor on the best entities for buying a Property and how you can save on your rental income. You will never create wealth out of property if you pay the taxman more than you absolutely have to.