australian property buyers advised to buy with their head
News Posted On: 27 October 2008
Property buyers looking for a home to invest in should ensure that their reasons for "buy with their head", according to an industry expert.
According to Will Foster, of Property Planning Australia, basing a purchase on emotions could result in problems further down the line, reports the Daily Telegraph.
He commented: "If you buy a second-hand car, you get a mechanic or an NRMA inspector to have a look at it, and that's only for a AUD 15,000 (£5,930) car. A house is a AUD 500,000 investment."
Mr Foster noted that many people do not bother to get an inspection as they do not want to pay hundreds of dollars.
Those looking to purchase a holiday home in Australia should make sure that the property is in good condition before they buy.
When looking for real estate investment opportunities in Australia, it is advisable to hire a property manager to ensure that when it is rented out, someone is on hand to remedy any problems that may arise, according to iStockAnalyst.com.
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