Building Wealth Through Property Investing - Top Tips
- Author Pino Tedesco
- Published March 24, 2011
- Word count 379
As a property strategist and qualified buyers agent and property buyer who deals with property investors on a daily basis, I’m often amazed that the general view of a large number of real estate investors I have meet that see wealth building in property a "transaction" rather than a "process".
All wealth building is exactly that, its 'building' not set and forget. Equally, even with this transaction focus some property investors still undervalue what is involved in making sure you gain the best results from your property investing plan.
With buying property, the difference between a good outcome and bad outcome should be measured purely by profit, and this should be measured in both short , medium and long term goals against not only capital growth but overall property investment return
When buying property it is essential to think pragmatically with a plan, and to take out all emotional consideration.
When i bought a home for my family, there was emotion and personal interests involved, but when i buy property for my property investment clients as well as for myself, I never take one emotion into consideration, I take the approach we don't live in our investment properties and will therefore focus on the bottom line and keep emotion out of it.
Let’s take for example a typical $500,000 purchase in a major capital city. Over the same period of time, in this instance 20 years, a 5% capital growth on the property would value the property at approximately $1,326,649. Whereas if you were to achieve an optimal capital growth return of say 14%, over the same period of time, the property would be worth an estimated $6, 871,745.
Buying the right investment can mean a difference of millions over the long run, so when your looking to buy property, make sure you buy property using an expert property buyer such as a buyers agent.
Therefore given the substantial differences in these property investment returns it highlights the importance that investing in real estate for investing purposes requires the consideration of several vital property buying stages. These property buyer steps include:
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Compiling a real estate buying brief
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Conducting property market research
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Inspecting and selecting properties
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Performing property due diligence
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Negotiating on your property purchase
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Securing the property at the best possible terms and lowest price
Pino Tedesco from Capital 360, expert buyers agent In Australia, with services such as buyers agent.
, property management, renovation and development services. Capital 360 has offices in Sydney, Melbourne, Brisbane, Perth, Auckland & Singapore. Pino is a qualified valuer, buyers agent, property manager is frequently in the media and asked to be a commentator on the topic of property investment.
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