Yes, you have read it right – the 5 traits of a good property to invest! In this article I will focus more on structural factors that can boosts a property’s value and with high possibility making the investment you will never regret out of it. Here are the top 5 traits.
1. Public transport
Accessibility factor has been the trump card out of all other factors in most times – who would not want to stay in a house that are convenient to go anywhere? You don’t even need to worry about traffic or where to park your car at your destination. This is why most properties that are beside train stations or bus stations has the best rental occupancy rate – people think its convenient.
2. Shopping mall
Doesn’t it tire you when you have to wait for a cab or a bus after you have your hands full of shopping bags or you are working at the mall and it is too far to walk to the train station to get home – it’s dreadful. Which is why having a property near a mall is one of the most strategic area to invest. Speaking about the rental game, you will be able to attract anybody to rent your unit or you can even pull in mall employees themselves, which is better because they normally would want to rent for at least 2 years.
Having a property near health care centres have always been a comfort for everybody. People in general have higher likelihood to rent a unit near hospitals because you will never know when you are going to fall sick and the best thing is to know the hospitals are nearby – which one less thing to worry, right? Not to mention that the health care employees such as nurses or doctors might be interested to rent a unit nearby.
Properties near office areas generally would be attractive to the workers working there – specifically young executives. There have circumstances where some young executives or fresh graduates starting their first job would opt to move to the city or state-hopping from their suburbs or villages. (add stats!) This provides golden opportunities for landlords near office areas to have a good rental margin.
5. Education Facilities
One of the business that have the least impact towards economic downturn – education sector and the people in it. Even when the economy is not doing too great, there will always be people going to school or universities. These people will always need a place to stay and they might stay on their own or with friends which is why having a property near education facilities are a great investment. It can help generate continuous rental returns. After one semester ends, another one comes – it is constant and sustainable. Students, teachers, lecturers, or even the general workers at these places will normally opt to find a nearby housing area to rent.