So is investing in property complicated? Well of course it can be. There are certainly lots of things you need to take into consideration. Fortunately you’ve found a site that is going to make a normally complicated process easy. That’s because TIPS offer a full service solution to property investing. You need absolutely no experience to start investing, we do everything for you.
We’ve found that when people first come to us they have already tried to invest in property by themselves. They started out optimistic and enthusiastic, looking at houses week after week at open inspections, but eventually when they realised how many things they needed to research and consider, they had become apprehensive about whether they were choosing the right property and then gave up on their dreams. After visiting TIPS they were relieved to find there was an expert ready and waiting to take away all the stress and take care of absolutely everything for them.
So let’s assume you wanted to try property investing on your own. Let’s take a look at what you would need to consider when investing in property:
- Sit down and plan. Work out what your long term plans are for investing in property.
- Organise finance pre-approval to make sure you can afford the property before you sign a contract.
- Research the best areas to invest in property by attending a course or some other form of education.
- Attend open inspections, auctions or visit display homes.
- Negotiate the price and contract on a property.
- Work out what conditions you should negotiate before signing on the dotted line.
- Organise property inspections
- Organise property insurance at the correct value as well as personal protection
- Organise Landlord insurance
- Find and engage a Land broker
- Understand what you need to ask your accountant
- Organise a suitable property manager to look after your property
- Discuss profiles for suitable tenants and the rent that should be achieved
- Conduct regular inspection on the property
- Consider talking to a financial adviser
- Dealing with property developers
- Organising quotes for minor or major repairs before tenanting
- Organising a Quantity Surveyor
- Organising a pre-evaluation of a property
- Organising a building inspection and so on
Feeling overwhelmed? Yes, there is certainly a lot to consider and a lot of people don’t end up investing in property when they realise what’s involved. But now there’s a better alternative where everything above is organised or assisted by TIPS.