Expert Advice by Paul Wilson
30/01/2015As investors, we often find ourselves in situations where we need to make a judgment call about a property’s value. Of course, there is no definitive way to determine exactly how much a piece of real estate is “worth”: it’s not like a car in the sense that a certain make, model and condition equals a certain value.
In saying that, there are certain characteristics you can use to help determine a property’s true wealth.
This can be particularly valuable when you’re trying to decide between two properties.
If both properties are similar and they’re both priced in the same range – say, within $10,000 of each other – then a little more research needs to be undertaken in order to make a decision.
There are certain factors you can consider when evaluating which property is the better choice:
- Position and aspect
- Access to amenities
These pointers don’t cover the full list, but they should help you decide which property has the edge!
Of course, if you have any questions or wish to discuss your options with a qualified, independent property advisor, we are only one phone call away on 1800 600 890.
Paul Wilson is an Independent Property Investing Expert and the founder of We Find Houses, Educating Property Investors & We Find Finance. Paul has been educating and coaching investors since 2001. Paul provides valuable, independent guidance and support by teaching strategies on how you can invest successfully while protecting yourself from commission hungry sales agents and property spruikers. Protect yourself with knowledge, contact Paul today for a complimentary consultation on 1800 600 890 or email email@example.com
Read more expert advice articles by PaulDisclaimer: while due care is taken, the viewpoints expressed by contributors do not necessarily reflect the opinions of Your Investment Property.
- This article originally appeared on www.wefindhouses.com.au.