We often hear that “location, location, location” is the most important thing to consider when investing in property. This is because the right location really does matter in the property market.
It has a massive bearing on a property’s potential investment return and its overall desirability.
The main criteria when looking for a good location is the potential growth and future development of the area. However, be careful because certain developments like a power plant or a dump site will have a negative effect. That’s why it’s imperative to do your research first before investing.
Here are some characteristics of an area that is suitable for a property investment.
These general qualities of a good location can help add value to your property. You can always renovate the house or the property but you cannot move it to another location.
24 October 2017
One of the most common question property investors ask is whether they should focus more on the type of property or the location.