Looking to buy an investment property this year? Here's what to look for:
"Location, Location, Location" it really is that important: schools, neighborhood amenities, shopping, businesses, and public transit are all features that'll boost your property's appeal.
Even though you may not be planning to live in this property, someone will be! Think about features like a garage, additional bathrooms, home office space. The layout and design of the property make a difference too. Is it designed with practical everyday living in mind? Does it have natural light? These are all things tenants are often looking for, so you should too, before you buy.
Numbers that work
Don't forget you're covering more than just the mortgage. Make sure to factor operating costs, property taxes, strata fees (if applicable) into your equation, and account for times when your property will be vacant.
Contact us today to learn more!