Stop looking for Below Market Value Properties

There is talk about a market correction with inflation rates, interest rises, and price changes within the property market. But at the moment, no one can predict what’s going to happen. 

So, you have to adapt your property strategy and buying strategy to the market you find yourself in right now. 

It’s all about adding value.

In a buoyant market, you can make your money on refinancing, resale, and re-evaluation, and you need to think about that when you’re looking at your property deals. 

Look for properties to which you can add value. So, that on the up, they increase in value; when you do the work, that’s where your margin will sit. The more you can add value to the property, the less you have to get it undervalued, and the less you can do to the property. 

You want to make your money in the difference between the purchase price and the resale price or increased value upon works being completed. 

The beauty, of course, in a buoyant market is that you tend to find that the values after being done are a little bit higher than they would be in a down market. 

And in a depressed, down market, that’s where you make your money when you buy. 

Happy sourcing.