When it comes to property investment, the location always plays crucial role. It is like the basic of property investing. Choosing the right location of the property you are investing will make you be able to outperform any circumstance in the market. Of course, it is not the only point you need to highlight to make long term and successful property investment.
However, it is one of the major points so paying attention to it is indeed important. However, the term of good location sometimes leads to various interpretation. What make property location good is when it has easy drive to your place of employment, situated nearby important amenities such as shops, schools or healthcare service, and safe neighbourhood. This type of property is always preferred by any type of tenant for a long term period.
Location for long term property investment
It is true that every country may have different perspective of ideal living condition including the location itself. However, there is also similarity of the point, lifestyle. Every individual has different lifestyle. Some of them may prefer to start a family later in their life.
Some of them may prefer to live in a place with great walkability to important amenities such as shops, hospital, etc.
and some others may prefer to live in a place with efficient maintenance and cost efficient. With these points, it is easy to conclude that location and lifestyle is related to each other when it comes to make long term property investment. So here are points you need to highlight in your attempt to make long term investment:
Proximity and walkability are important points when it comes to the location of a property you need to invest. Property with great proximity to amenities such as hospitals, workplace, schools, shops, and bus station has higher values.
It is even better when a property has great walkability. It means it is located in an area where amenities are mostly within walking distance.
Therefore, tenants don’t need to deal with long haul transport when they need to reach a destination. Tenants are always willing to pay more to be able to live in this kind of property.
The lifestyle location can determine the value of the property. Therefore, it is important to analyse the lifestyle within the location of the property you are going to invest. If the location of the property has café situated in strategic area, it will make a great and long term investment.
You see, café has become important place for every individual’s lifestyle. It is not a place to only enjoy a cup of coffee anymore. It has become a place where you can meet up with families, friends, or colleague works. Meeting up in a café somehow has become habit or ritual most people adopt in their life.
Thus, choosing a property with great proximity to great café is promising for long term investment especially when it offers great walkability. Remember that café is a place for anyone regardless age and gender.