Our mortgage brokers and financial planners have a lot of experience with home loans and investment loans in the Perth area. In our office, we offer both services. While each professional performs his or her speciality, there is still a lot of knowledge that “bleeds over” between positions.
Consequently, our mortgage brokers know a substantial amount about financial planning and our financial planners know a substantial amount about the mortgage industry, especially relative to the Perth area.
Here is a consensus of the three main factors that determine whether a property is right for you.
Location, location, location
We always say location three times to let people know that it is at least three hundred times important than any other factor. Whether you are an investor or someone looking to buy a home for your family, location is extremely important.
If you are buying a residence, you are probably going to be living there for a long time. You need to make sure that the area has what you need. We are firm believers in buying in areas poised for growth, but there are other important things to consider too.
Your location must have great infrastructure. This includes access to schools, medical care, shopping and transport. Even if you want to live a very rural, solitary existence, you should make sure you can get to any of these amenities when you need to.
Style of Home
Once again, this is equally important for residential or investment property. Do you want a house, a duplex or a unit? Do you want a ranch home or two or more storeys? Do you want a garage, a game room, a family room or extra storage?
If you are an investor, you need to match size to the kind of tenant you want to attract. If you are buying a home to live in, you need to match size to your needs. We recommend figuring out what you would consider adequate space and then adding at least 15% to it. This will give you some “wiggle room” for increased needs without increasing your bills too much.
Talk to the Professionals at Purely Finance
Our number is (08) 9472 9766 and we can help.