Category Archives: Real Estate

Maximizing on real estate investment

Mayor Mark Jamieson recently projected a population rise of up to 500,000 in 25 years which will warrant 99300 new homes in the Sunshine Coast. Coupled with the fact that the Sunshine coast is one of Queensland’s fastest growing regions as well as among Australia’s top ten significant urban areas, this is the real estate hotbed and thus for anyone looking to invest, Sunshine Coast is the place. With many suburbs like Noosa heads, Noosa Ville, Tweed heads among others, the Sunshine coast offers an opportunity for high rental yields. This article pays a closer look at some of the ways your Noosa real estate investment can bring about additional income. See more at: http://www.rwnoosa.com.au

Build a granny flat

A granny flat is an extra way of cashing in on your property. Granny flats are built separate on a single block but secondary to the main house. They are also made self-sufficient complete with own entrance, self-contained and with other independent amenities. Therefore, a smart move will be to add a granny flat to your Noosa real estate investment to add to your rental yield. It’s also convenient, especially when you don’t fancy sub-dividing your rental property.

Transform spare rooms into a boutique hotel

In a tourism hot bed such as Noosa, any accommodation type goes. A great way of cashing in on this is renting some of the spare rooms in your house to tourists for short term stays. This is especially for the property owners who don’t fancy sharing space long term with a stranger in their property. You could also convert those spare rooms into boutique hotels and enjoy the extra income from your Tewantin real estate property.

Create additional bedroom space

As already mentioned, accommodation is hotcake for tourists. If you are living in a large house with extra rooms that have no use like a massive living area, convert it into a bedroom. If you have something like an existing roofed area outside your house, convert it into a room too. This could dramatically increase your Doonan real estate rental income as well as audience.

Vacate the master bedroom

Getting additional rental income can sometimes warrant uncomfortable decisions. One such choice is vacating your master ensuite for tourists and guests. While it may seem uncomfortable, it’s also convenient as then you will need not share amenities like the bathroom with total strangers. Most of all renting out the largest and coziest room in the house will most definitely increase your Noosa real estate rental income. More information brand name: rw noosa

Renting your carport

If your Noosaville real estate property is in close proximity to the central business district or near public transport, then it could be an opportunity for you to make some extra income by renting out your parking spot, especially the times when you are not around. Friends and family often are the best to begin with and then have them refer their friends to you.

With economic times getting tougher, one has to tighten their seat belts and devise ways to cope up. One of the best ways is creating extra rental yield. For more information visit http://www.rwnoosa.com.au.

Crucial Pointers to Help You Decide when Investing in Real Estate

With the ever growing need for commercial property for sale, now is definitely the best time to start making an investment. If you happen to have two or more residential properties, leasing the other property is a great way to earn a reasonable income. Investing in a commercial property for sale can be more rewarding than residential property investments.
Important Factors to Consider
Most Sunshine Coast investors tend to focus more on single family homes because these are most common investments available. However, the real estate market still has a lot to offer if you want to make the most of your real estate investment. If you opt to invest in commercial property for sale, you have to consider these factors:
  • Location,
  • the value of the property,
  • Quality of tenant,
  • Type of lease,
  • Lease duration; and so on.
On top of this, you also need to consider the vacancy rate in the specific area where you plan to invest.
Property Maintenance
Compared to residential properties, maintaining commercial properties is quite costly. If you opt to go ahead with this type of investment, you need to take into account costs related to repairs of the building, like, adherence to safety standards, air conditioning costs and other related problems. When it comes to Sunshine Coast property rentals, the maintenance cost is transferred to the tenant. That is why choosing a financially capable tenant is very crucial to ensure that proper maintenance is enforced within the duration of the rent.
In structures near shorelines, rust might be a problem for tenants. Just in case you are checking out Sunshine Coast real estate properties for sale, be sure to take note of home maintenance tips so you can keep rust away from your household items. Studying the weather condition of a specific area is recommended. Check out their webpage at Henzells
Patience is the Key
The commercial and real estate investment is an unpredictable market. Despite investing your resources into real estate, you cannot hope to buy a property and immediately start earning from it. You also have to think about repair costs, maintenance costs, and vacancies in your unit. You can’t expect renters to immediately choose your property at first glance. There will be months when your property is empty. Although you expect some cash flow right away, it doesn’t always happen. Investing in real estate will really take time before you can see any returns. When this happens, you have to be patient. Make necessary upkeep first and improve the curb appeal of your property to easily attract renters.
Investing in a commercial property requires a professional approach. Unlike the residential properties, commercial property investments have a few risks. However, if you are adventurous and willing to take calculated risks, investing in commercial properties in Sunshine Beach real estate is a smart move.
With the current trend in supply and demand, you will have greater potential when you invest in Sunshine Beach. If you must know, there are several large corporations and industries coming to Australia. You can expect a considerable growth in the tourism industry in the coming months. Visiting the Sunshine Coast is a great way to envision if the commercial property for sale will really be worth the risk.