New Year's property investment resolutions: Part 2
As it gets closer to the end of the year, time seems to speed up.
As it gets closer to the end of the year, time seems to speed up. Before you know it, the New Year is here and you're scrambling around for resolutions to make when you should've been taking the time to think about them earlier.
Rather than this last-minute rush, in the second part of this three-part series, we'll provide you with some top-quality property investment goals you ought to make yours for 2015 - or any year, for that matter.
I will get a handle on my credit report
Have you been avoiding taking a look at your credit report, afraid of what you might find? Now's the time to leave this attitude behind. If you haven't yet examined at yours, phone up Veda, Experian or Dun and Bradstreet and order it.
If, when you receive it, you find your worries were somewhat justified, take steps to improve your credit score. Fix any incorrect listings, and remember that credit reports now detail positive behaviour as well.
I will start researching early
Some investors only start conducting research when they're finally ready to start purchasing. But in order to understand the present, you need to look at the past.
To get an accurate picture of the market and where it's going, you need to start researching home prices, clearance rates, yields and other elements in advance. This way, you can spot trends and movements, both nationally and in the local market.
I will build a great investment team
Part of being a successful investor is surrounding yourself with the right people - experts in both investment in general and in the particular market you're looking at. Experienced investment professionals like the team at Direct Property Network can help you come up with an investment strategy, as well as give you ongoing support and information the whole way through.
They can do the research for you and provide you with a property profile, complete with growth and vacancy rates, rental appraisals and more. Not only that, but working with well-chosen professionals can help ensure you find a home set for growth at the most favourable price possible.