You may have dabbled with the idea of investing your money in property, but for some reason, you just can’t bring yourself to go ahead and do it. So what is it that’s holding you back? It’s not that you don’t have the deposit. You’ve already been through the process of purchasing your own home. Why does purchasing an investment property feel so different?
It’s not what your parents did
It’s a funny thing, but we tend to impose limitations on ourselves based on what our own parents achieved in their lives. Were your parents more conservative with their money? Perhaps they owned their own home, maybe even some shares, but you wouldn’t by any means consider them to be investors.
It’s time to reframe that thinking because the reality is that while it was quite possible for our parents to work hard, save their money, and have enough left over to retire comfortably things are different now. With rising housing prices and the rising costs of living, the majority of us will need to become savvier in terms of investment.
The great news is that in the digital age it’s possible to learn almost anything, research suburb profiles, builder reviews and quality assurance guarantees, property managers, projected ROI %’s and more. Anyone with the right information can make an informed and intelligent decision about investing. Your parents certainly didn’t have that!
You feel uncomfortable with risk
Buying a house that someone else will live in does come with a level of risk- what if you buy in the wrong area and there aren’t enough renters, or your tenants destroy your property, or you pay more than it’s worth?
This is where you learn how to manage risk. For example- we thoroughly research suburbs before we consider building on them. We have optimized our builds to deliver the best quality at the most affordable rates and have some of the most competitive property prices in the market. Our properties have the option of a rental income guarantee. We can calculate the return on investment estimates based on all of these factors.
It feels like a lot of money
You still remember scraping to save up enough for the deposit on your own home, and handing over all that cash felt like such a big step. The idea of coming up with that amount again, and watching your savings dwindle can feel like too much.
What you might not know is that it’s possible to get low deposit finance if you have equity in your home. Not sure how it all works? Book a free financial assessment with our in-house mortgage broker Steve. He can walk you through your options for lending, often at a much better rate than lending through the banks.
Once you understand your options, you can select from one of our dual occupancy properties with a design, package price, and ROI% that makes sense to you, and in a suburb with a proven track record of growth.
Want to know more? Email admin@dualkeyhomes.com and we can answer your questions, offer more information, or even offer up alternatives that aren’t yet listed.
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