THE STRATEGY DNA PART 4: Who - Doing your due diligence

In unveiling our approach to property investment strategy, the next atom in our strategic planning DNA chain is due diligence and knowing who you can trust and should work with to get your property investment plans in motion.

After reading our previous articles and research report you may understand what type of property product you are looking to buy or build, but now it’s important that due diligence is done before committing to specific investment opportunities to ensure your money is spent on something of quality and will serve your strategy and goals.

Due diligence is the investigation of every aspect of a property that could affect its value and suitability as a home or investment.

So ask yourself, how will you know what specific property to buy? How will you know what to ask the builder or the developer to create or include? How will you ensure their quality and capacity? Do you know that the developers, builders and all involved in the project are financially sound to see the development through? Do you know who’ll manage the property if there’s short term and holiday letting? What body corporate arrangements need consideration?  What else is being constructed nearby and what are the timeframes that may impact your investment? There are plenty of people out there doing property work – but just because they can, doesn’t mean they should.

Research on the capacity, viability and history of a provider is essential to be able to consider the risk a property may or may not present to you.  Knowing what to ask and being able to get the answers to all these questions and much more is where the real work is done, and this is Investor Property’s specialty.

Unfortunately, there are plenty of examples where either the product is very sophisticated but will never be built, either due to feasibility when priced in the market or because the builders they engage with are not financially stable. Or, alternatively, the build job is completed sub-standard and you find yourself with ongoing issues to address well beyond practical completion.

Backed by our research, you can be sure that when we recommend a product that aligns with your strategy, that we have confidence in the type of product, the design, the delivery, the team behind the project, and the capacity the product has to bring you the best return on investment.

A lot of agencies and marketers have listings just selling what they can get their hands on. The difference in what we do is that we create a pool filled with properties that meet a whole range of strategies based on the data and we only get involved in projects and property that make good sense for our clients.

Move forward with confidence, knowing that we are with you along every step of the journey.

If you are ready to explore your next move, you can start today by contacting our expert coaches and booking in for a free consultation.