Property Investment: Answers to the 20 most important questions ever asked.
1.Where do I begin?
Call Ventura Total Investments. VTI comprises a specialist panel of experts with wide expertise in domestic investment properties.They are some of the best-qualified and experienced professionals in Australia. VTI arrange the planning, purchase, construction and management of an investment home without any of the traditional worries and stresses.
2. How do I know if I can afford to buy an investment property?
VTI puts you in touch with a number of independent and impartial Financial Advisors who can answer this. You may be askeddetails about your existing property. These details may help youdecide whether an investment property is justified. Your first consultation is free and without obligation.
3. Do I need to talk to many different people?
No. VTI arranges for you to see any of our panel of independent professionals to discuss the choice of suburb, financial advice, finance sourcing, building and rental prospects.
4. How do I know if I am getting the best advice?
All specialist professionals available through VTI other than the builder, are completely independent. Their advice is impartial,qualified and tailored to your circumstances.
5. Will owning an investment property impact upon my lifestyle?
It should have little or no effect on your current life style. Investing in property as part of a long term wealth-building program, can help secure your future. Talk to VTI or your choice of Financial Advisor about this.
6. Who supplies the investment funds?
You can choose from a panel of independent, qualified and experienced Financial Brokers. They deal with up to 30 banksand financial institutions. Because the Brokers are independent,they are generally able to find the package that suits you. Brokers do not charge you for their services. They earn their commission from the selected financial provider.
7. How do I know if the investment package suits me?
Consult. There is a panel of independent Financial Advisors and Brokers from which to choose plus the Real Estate Agent or rentalexpert that VTI offers. Their advice can help you decide.
8. Can I make repayments only on the interest and not the principal?
This generally depends on your financial position and how much you have left owing on your current home. Ask your choice of independent Financial Advisor about this.
9. Can I obtain funds from my own bank?
Yes. The independent Finance Broker whom you choose, may well be dealing with your bank. If not, he or she can negotiate on your behalf with your authority. Of course, you may wish to make your own financial arrangements.
10. How involved do I need to be in the construction process?
Relax. Ventura Homes is one of Australia's most awarded and experienced builders of family homes. They take care of everything to make the construction worry-free.
11. How do I decide in which area to invest?
Seek advice. VTI can provide access to a high-integrity, independent Real Estate Agent. They can supply land value data, expected rental returns and property valuations for just about any area in the State.
12. How do I know if my investment property will appreciate over time?
The independent Real Estate Agent has wide experience in the property market. They can advise you on the potential growth. REIWA data reveals a trend of increasing values for the past five years. A sworn valuation will be provided prior to signing the building contract.
13. Can my investment property be professionally managed?
Yes. VTI provides access to a professional Property Manager through the independent Real Estate Agent who, in turn, provides a complete property management service. This includes managing your property for rental tenancy, screening rental applicants,securing bonds, collecting rent, providing rent statements, preparing maintenance schedules at the expiry of the warranty period, urgent attendance to repairs, regular property condition reports, periodic inspections and reviews of tenancy renewals.
14. Who takes care of settlement?
An independent Settlement Agent works directly with the financial institution of your choice and the Vendor. This service is available to first time investors as well as for those purchasing second or subsequent investment properties.
15. Who selects which home to build?
You. Ventura Homes is the most awarded family home builder inthe State for the past ten years. Choose from a range of home designs exclusive to VTI to suit your needs, budget, site and personal preferences.
16. Will I be responsible for choosing colours, fittings and other details?
Yes, in consultation with the VTI professional designers. Or you can leave these important details entirely to their vast experience.
17. Will I be responsible for the finishing of the property?
No. The home is supplied rent-ready. Ventura Homes provides fencing, landscaping, TV aerial, clothesline, carpets, floor tiling, window treatments, reticulation, shower screens, even a garden shed. Experience shows this appeals to tenants supplying their own furniture. So you benefit from rental revenue the moment the property is let.
18. Is there a way of monitoring increases in property value?
Simply log on to: www.reiwa.com.au This shows current property values area by area and includes a comprehensive property research section. Be aware that investment in real estate is generally a long term strategy designed to secure your future. Growth patterns reveal themselves often over 10 year cycles.
19. How do I know that the property can be let?
The Real Estate Agent can provide you with a rental appraisal for both the general area and, in most cases, the chosen site. Presently, the Western Australian rental market indicates a continuing strong demand for good quality investment properties.
20. Why should I have confidence in the VTI approach?
VTI has an 'arm's length philosophy.' The panel of professional specialists to whom we provide access, are completely independent of VTI. They have been especially selected for their expertise and experience in their respective fields.