Whether you are looking to find your first property for sale in Carletonville, or have already dipped your toe into the property market, this is an industry that attracts many hoping to strike it rich.
Property investment is a smart move, but that doesn’t mean it can be done carelessly. If you are hoping to be the next big property mogul, we have compiled a few tips to help you:
Stay calm:
You need to approach deals with the utmost patience. First you need to look at the positives and negatives of the investment before signing on the dotted line. Remember, this is not a short term plan, so don’t allow yourself to get into a position where you are forced to sell quickly.
Look for enhancement opportunities
When finding a property, look at what it can become, not necessarily what it is. You need a solid foundation which offers excellent renovation opportunities. This added value will allow your profits to soar.
Small place, big profit:
Of course, big and fancy houses fetch large prices, but they also require large investments. Property options like flats can bring in bring in better returns, and the popularity of these properties will ensure that it is less likely to lie empty for extended periods.
Make friends with the taxman:
It is essential to talk to a tax consultant when looking to maximise your returns. The last thing you want is to lose your profits to oversights in this department.
Open your mind:
Fashionable suburbs may top your list more often than not, but these are not the only areas where money can be made. Open your mind to searching for property in upcoming suburbs, or even those that have historically shown good returns on investment.
