MoneyQuest Finance Specialist: home and lifestyle blog series

The copy: Your property investment checklist

After a property investment checklist? Thinking of owning a property or adding to your portfolio? Picking the right time to buy is never easy, with many market factors lying well outside your control. Plan your investment strategy well in advance using a detailed property checklist – so that when the time finally comes, you’re ready to go.

Looking to invest? Here’s what you need to know.

Know your property investment goals
How does this property investment fit with your overall life plan and what is its purpose? Is it for retirement, education, or as part of a wider investment portfolio? Understand what you are trying to achieve – and stick to your strategy.

Research your property strategy
Use online resources to get an understanding of different property investment strategies. Make a note of factors that are important to you such as location and size – as well as what you will be prepared to compromise on if necessary.

Understand your finances
To develop an investment strategy, it’s important to have a full understanding of your finances from every angle. How will this change impact your lifestyle? How will your current debts affect your borrowing potential – and how sustainable is your strategy? Consider having a finance professional take a look over your numbers before you finalise your budget in case you have missed anything.

Be prepared for action!
House hunting can be a ruthless pastime – and when you find the right place you can’t afford to waste any time. Engage a financial advisor to help with your mortgage requirements upfront and have a lawyer set up, ready for your call.

Finding a property
Property investment is actually a checklist process. When you find the right place, stay unemotional and go back to your list. Does it fit the spec, and will it add value?
Talk to our finance specialists today to understand the best way to grow your property investment portfolio.