Today I found a property on the internet that I thought had sold a few months ago. It was still marked “Under Contract” but they’d just forgotten to remove this after the sale fell over. I phoned the agent to check and yes the sale had not gone through.
Ah, I love it when everyone else thinks a property is sold, it gives me a bit more time to assess.
From our experience project managing house renovations and designing new villas for investors over the years, we’ve gathered lots of information on what tenants want. It’s easy to sometimes get caught up in what we would like if we were living there.
As investors, we need to remember that we are not renovating for our tastes and needs but for that of the tenant market in that particular area.
