With the booming Vancouver real estate market, more people are choosing to invest in real estate in Abbotsford and the Fraser Valley.
Key to having a positive return on investment is choosing the right property – something that will appreciate, help you to build equity, and/or provide consistent cash flow as a rental. It is also crucial that you fully understand the financial commitment and maintenance requirements of owning an investment property.
With my experience building and renovating homes, I will talk you through every step of the way, and help you find a property that will be an asset and provide value for years to come. Whether you are buying something new or an older property, I will help you determine whether the layout, construction, and location are going to suit your long-term needs and attract renters.
Many people choose to take on renters when they invest in property, and there are a number of things to keep in mind:
- What are the average rental rates in your location of choice? This, combined with buying a property you can afford will have a major impact on whether your property will provide cash flow.
- What are employment opportunities like in your locations of choice? Having many jobs available in the area makes for a more attractive and reliable rental property.
- What are the amenities like in your location of choice? Schools, parks, shopping, and recreation centres are important for your future renters and having them close by will make your property easier to rent.
- What can you afford? Remember you will want to have savings for maintenance, repairs, and renovations.
- What are the property taxes? (This will have a major impact on your bottom line).
Having lived in Abbotsford for 20 years, I have thorough knowledge of the Fraser Valley – both from a homeowner’s perspective and from my experience in real estate. Whether this is your first investment property or you are a seasoned real estate investor, I am happy to help you find a property that will work for you. My clients average 20% annual returns on their investments!
Let’s chat – contact me today to discuss what I can do for you.