Residential property is one of the most popular investment options and a great way to build your wealth. However, it’s a long-term commitment that isn’t for everyone. We can help you decide if an investment property loan is the right option for you.
Benefits of property investment
Property is a reasonably secure and long-term investment. Investing in property may be a good way to diversify your portfolio and reduce risk if you have other investments like cash, shares or managed funds. Building equity in your investment property gives you the opportunity to expand your portfolio with additional investments. Plus, it can provide additional financial benefits through taxation and gearing.
Understanding the risks
Like any investment, there can be risks involved. The income from rent may not meet your expectations, or the value of the property may decline. You may not be able to access to your money quickly and may earn higher returns on a different type of investment.
Consider renovating instead
If you love where you live and don’t want to move, then renovating can increase the value of your home and build equity in the property. Whether you’re planning a new bathroom, landscaping your garden, or simply replacing your kitchen, we can show you how.
Your personalised borrowing plan
At Craig Tracey Lending we take the time to understand what you need and then give you a personalised borrowing plan. This has all the information you need in easy to understand language. Contact us now.