-
What are my main aims and objectives in buying
a property?
-
Where do I want to buy (do I want a specific
suburb or type of area) and why?
-
Do I have a specific type of property in mind?
ie Villa/townhouse, house, apartment, development property
-
What sort of condition must the property be
in? Am I prepared to undertake minor renovations, major renovations
or must the property need no work at all?
-
How old a property am I looking for? ie. Do
I want a property where more of the value is in the land or
the home?
-
Are there other preferred features I am looking
for?
-
Whose name will the property be bought in?
-
How much am I willing to spend?
-
How much money will I need to borrow and how
will I finance the purchase?
-
What sort of rental return am I looking for?
-
What are my yield and growth expectations?
ie Do I want a higher yield, lower growth property or vice
versa?
-
How long do I intend to keep the property?
As a final tip, don't forget to help your agent
understand the reasons for your choices. Doing this helps them
assess what opportunities will allow you to meet your goals.
It may even give an insight into strategies that could deliver
a superior outcome.
