Buying an investment property

Whether you are unlocking equity in your current home or purchasing an investment as your first property, we can tailor the right loan for your needs & budget.

Ready to make your next move?

What are the considerations?

If you're considering upgrading your next house or purchasing an investment house, there are many things to consider before making the move. Here are a few tips to help you make the most of your new home.

Setting a budget

Before you start looking at houses, it's important to know how much you can afford to spend. This will help you narrow down your options and ensure that you don't end up overspending.

Finding the right location

Consider the areas you want to live in and the features that are most important to you. The location of your house is important for many reasons, including proximity to work, schools, and amenities, which could affect how well your property will increase in value.

Location for future Investment

When it comes to investing, the location of the property is often the most important factor to consider when investing in real estate. Look for areas with strong job markets, good schools, and other amenities that make them desirable places to live.

Factors to consider

  • Investing in property can be a great way to build wealth and generate passive income. However, it's important to approach it with caution and do your due diligence before diving in. Here are some key considerations when it comes to investing in property:

    • Rentability: If you're planning to rent out the property, make sure it will be attractive to potential tenants. This includes things like location, size, and condition of the property.

    • Maintenance: Owning a rental property comes with the responsibility of maintaining it. Consider how much time and money you'll need to devote to keeping the property in good condition.

    • Taxes and regulations: Make sure you understand the tax implications of owning rental property and any local regulations that may affect your ability to rent it out.

  • If you're willing to put in some work, you may want to consider a house that needs some updating or renovations. This can be a great opportunity to create the home of your dreams, but be sure to factor in the cost of any renovations when determining your budget.

  • When looking at houses, be sure to pay attention to the condition of the property. Look for any signs of damage or wear and tear, and consider the age of the home. This can help you determine the potential cost of maintaining the property.