Melton There are certain factors that should be taken into consideration when you’re looking to invest into a property for re-sale.
It is common that people will buy a property, carry out some basic renovations and then sell the property for a profit. So here at the Professionals Real Estate Melton we have come up with a few key points to bear in mind when it comes time to make a move.
Location, Location, Location !!
If you are looking to buy in a desirable location chances are more often than not it will remain desirable. Areas that are close to transportation, city centers, local shopping centers, schools and parks are all great places to start. In saying this it is truly important to know the suburb you’re buying in well and choose your Real Estate Agent wisely.
Budget.
How much are you looking to spend? Not only on the purchase of your property but on any re-modelling or minor repairs that may be necessary? The last thing you want to do is sell a partially renovated property after not realizing how much it was really going to cost you.
Target your market well.
Who is most likely to buy this property? A young family, a professional couple, an elderly couple looking to downsize? When buying and renovating your property have in mind who your target is so that when making changes you are making them with a particular person in mind.
For more information on Buying and Selling Real Estate please contact the Professionals Ryder Real Estate Melton on PH: 9743 6400, we hope to hear from you soon
