What Should You Look For In An Investment Property?

 

Looking to buy an investment property this year? Here's what to look for: ⁣


Attractive location

 "Location, Location, Location" it really is that important: schools, neighborhood amenities, shopping, businesses, and public transit are all features that'll boost your property's appeal.⁣


Property Features 

Even though you may not be planning to live in this property, someone will be! Think about features like a garage, additional bathrooms, home office space. The layout and design of the property make a difference too. Is it designed with practical everyday living in mind? Does it have natural light? These are all things tenants are often looking for, so you should too, before you buy.


Numbers that work 

Don't forget you're covering more than just the mortgage. Make sure to factor operating costs, property taxes, strata fees (if applicable) into your equation, and account for times when your property will be vacant.⁣


Contact us today to learn more! 



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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.