Wazzup Pilipinas!
Are you thinking about investing in property? It may seem easy, however there are a number of points to consider before you dive into a long-term commitment, to ensure security, success and a strong return on investment.
Global real estate portal, Lamudi Philippines, explores the top 10 things to keep in mind when searching for the perfect rental property.
1. The neighborhood
The first thing to consider is the location of your investment. Buying a house in a high-end neighborhood will attract wealthier tenants, while investing in a property in a university town is likely to result in leasing to students during term-time. Before you start looking, make a list of areas, and spend some time in each one to get a feel for the neighborhood.
2. Amenities
As important as the neighborhood itself, consider what is available for your tenants. Are there schools for their children? How far away is the nearest hospital or supermarket? Choosing a property in close proximity to current or planned shopping centers, transport connections, and sports facilities will be a huge draw for potential renters.