6 Features Of The Best Investment Property
It’s no secret that real estate investments have historically been one of the most popular ways to grow your wealth. But with so many options available, how do you know which properties are worth investing in? At the end of the day, it all comes down to numbers: how much rent can be generated, what kind of ROI can be expected over time, and what kind of tenants will occupy this space? In this post, we’ll go over some key features of the best investment property for investors so that when you’re out looking at properties or considering making an offer on one—you’ll know exactly what factors make a good investment!
Great location is the most important feature of a rental property. If it’s in an ideal neighborhood, you’ll be able to attract good tenants, and high-quality tenants will be easier to retain.
In addition to being centrally located, the property should have amenities close by that are attractive to renters. For example, having easy access to public transportation like buses or trains makes it easier for your tenants who don’t have cars (most of them).
Good condition means that the property is in good shape. A property that has been neglected and not maintained will be considered in bad shape. A house with holes in the walls, broken windows, or a roof that needs repair might be considered bad. The condition of a property can vary from person to person, so you need to make sure that you know your standards before looking at properties.
The best way to determine if a property is in good condition is by walking through it and taking note of anything that looks out of place or damaged on the outside as well as inside (if possible). You also want to look at things like trees near the house because they could pose safety hazards if they fall onto your home during storms or high winds, which could lead to damaging areas on both sides due to pressure from branches landing on them after falling off trees nearby.
A high-demand property is one that will sell quickly, attract a lot of tenants, and have a high resale value. If you’re looking to invest in real estate but want to avoid dealing with the hassle of finding and maintaining an investment property, choose one in high demand.
High-demand properties are also easier to rent out because so many people are vying for them. This can be especially helpful if you’re new to investing or still learning about the market—you’ll be able to get your hands on good deals without having any experience at all!
Low maintenance may be a good feature for those who need more time and resources to maintain an investment property. A property manager can take care of landscaping and repairs, allowing you to focus on other aspects of your business. You can also hire a handyperson or contractor for minor repairs you cannot do yourself.
If you want an investment property but need more time or skills to maintain it, consider buying a condo! Condos are usually more accessible than single-family homes because they come with on-site managers and maintenance staff who can deal with any issues that arise (and they usually won’t charge as much as hiring a full-time property manager).
Long-Term Tenants With A Stable Income
You’ve probably heard that the best investment property is one with long-term tenants. They’re accurate when they say this, but there is more to it than that. Tenants with steady incomes make landlords feel confident about their ability to pay the rent on time, so they are much more likely to invest in the home. As a landlord, you can plan for the future with certainty if your tenant has a stable income source; you do not have to worry about finding new tenants every year.
So, this is what investors are looking for in their investment properties. They want to know that the property will provide a good return on their investment, which means they will make money on it over time. The best way to do this is by buying at a price that allows them to make money when they sell or rent it out again down the road (which we call appreciation).