Everyone knows that property is a good investment, but not everyone knows the strategies that will get them ahead on their property investments.
Buy a property sooner rather than later
Most people cannot afford to buy their ideal home the first time around, so they are generally advised to buy an entry-level start-up home that will appreciate in value, and create equity that will serve as a stepping stone to their ideal dream home.
Tenants or short-term rentals
Depending on the size and layout of the property, finding tenants, multi-let or short-term renters (e.g., Airbnb) to pay off the home loan is a lucrative manner to have your property pay for itself. During the term of a home loan, most investors break even on the monthly repayments when they rent out their property. But when the home loan is settled, that income becomes a clear profit that they can maybe live on or to build a deposit towards their next property investment.
Early bond settlement
As property is a long-term investment, that uses compound interest, paying off your home loan in a shorter term is an intelligent and strategic move that will save you a serious amount of interest. So, part of your strategy should be to always strive to pay in any additional funds that come your way such as tax refunds, bonuses or inheritance!
To see how effective paying additional amounts into your home loan is please visit our additional payment calculator and follow us for all your property investment strategies.