How to Choose the Right Investment Property

When you are looking to buy a holiday home as an investment property there are very different considerations to be made than when buying a family home for yourself. This article will focus on the purchase of Sunshine Coast real estate and consider how to go about acquiring such a property.

The considerations

1. Temporary Tenants

When looking to buy a holiday home to rent your market will be very different even from traditional rental properties. It is important to consider what type of people will be seeking to rent your home and invest in something which will enable flexibility. A beachside property will necessarily attract wealthier people because renting a house for a fortnight or a week is far more expensive than renting a hotel room. They are also likely to be a family or a group of friends so the sleeping arrangements need to be flexible to cater for either a family or for multiple couples.

Those looking to rent a house for a holiday will generally require cooking facilities but the location and other amenities will be the biggest of their worries. There is no need to invest in a property with a fantastic kitchen as the holiday makers will likely eat elsewhere for the majority of the stay. Consider the advertisement when looking to buy this type of property because phrases like ‘beachside location’ and ‘close to restaurants’ will make the property far more appealing than ‘spacious kitchen’.

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