Choosing properties for investment

Choosing a property for investment can be a challenging process, but with the right approach and research you can make a successful choice.

What are the types of investments?

Before you begin your search for a suitable property, you need to be clear about what strategy you want to use. We will introduce you to the different types of investment strategies.

• Long term rental

This is the most common strategy. It usually requires no repairs and the income that is received as rent is passive. On the other hand, they return more slowly than other types of investment, and you have a long-term commitment. It's also important to consider that the monthly rent of the investment home covers the loan payment.

• Quick profit on resale

Consider the location and growth potential of the area.

Hire an expert to evaluate needed repairs and updates.

Focus on improvements that will increase the value of the property the most, such as kitchen, bathroom, façade improvements and adding functional elements.

Calculate the cost of materials, labor, and time required to return the projects.

Determine a competitive price that will attract interest, yet provide a profit.

• Rent property for overnight stays

      In recent years, this type of investment in real estate has an increasing interest among investors and      landlords.

      Apart from a significantly higher income, you can use your property whenever you want. As guests      will mainly be staying overnight you will have peace of mind because there will be no damage or breakages to your home.

     You will also need to provide some of the amenities of a hotel, such as keeping the property stocked with the necessary     supplies for your guests' stay.

     You'll have to greet, dispatch and clean up after them.

Another important detail to research before investing in an overnight property is the Condominium Act. In some cases, the consent of the neighbours at the entrance to the building is required.