Interested in property investment? To ensure the profitability of your investment, it is highly recommended to do your research and due diligence before signing that property deal.
Below are several factors to consider when you analyse a property investment deal:
Timing is important, and so is the state of the property market. Before investing in property, have a look at the region of your interest and market potential for growth, short-term and long-term. The investment will lose its appeal if the market demand is not strong.
Location and Amenities
Location is one of the most important factors in property investment. Check the property location and its suburb for local amenities, schools, shopping centres and entertainment appeal. Amenities can influence property demand and increase potential rental income and resale value.
Research the transport routes an infrastructure in the region you are looking to invest, as this can have a major impact on the value of the property. Demand is higher for properties with quick and easy access to amenities and transport facilities to connect to larger cities.
The easiest way to see market growth potential in a region or suburb is to inspect the price value of properties previously sold in the area. Research the average rental value for similar properties to get an idea of what you can expect from your investment.
Rates and Taxes
Before investing, check the local council taxes and rates applicable to the property. Ensure you also check with the local council planning to watch for any future developments and planned building activity in the area that could impact your property’s views or appeal to prospective buyers or tenants.
Mobus Properties Ltd. is a privately-held Ghanaian property investment, development, and management company focusing on commercial and residential property development.
Contact Mobus Property for more information.
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