Your Future Strategy

The property investment landscape is changing rapidly and uncertainty in different market factors has resulted in more need than ever to seek expert advice before investing in property. While this uncertainty can create confusion, it is also an opportunity for savvy investors to utilize a number of different strategies to maximize their profits. Some of the more effective strategies involve adding value to an investment property. The popularity of ‘house flipping’, where investors buy a sub-optimal home and renovate it to sell, has exploded in recent years and has been buoyed by a number of ‘reality’ TV shows like The Block. However, renovating an existing property has a number of pitfalls, with most people finding that budgets are blown out of the water, or that the renovations become all consuming. There are better ways to add significant value to an investment property, while providing considerable tax minimization benefits at the same time. 1.   Pick a growing suburb