How to Furnish a Regional or Interstate Investment Property
Investing in property is no light decision, but there are many rewards that come with owning an investment property. As an asset with plenty of practical uses and opportunity for return, investing in property is seen as a stable and fairly safe financial choice for many Australians.
You don’t need to be a real estate guru to buy an investment property with potential, especially if you have previously purchased a home before. It’s also comforting to have a tangible aspect to your investment, especially when it can be utilised by yourself, your family or generate its own mortgage repayments through leasing. If you’re interested in tapping into this lucrative market, exploring all the options available is imperative to getting the best mix of financial and lifestyle benefits rolled into one – which could very well mean broadening your search away from the town you call home.
Benefits of investing in interstate or countryside property:
If you have ever looked into investing in property, you will have researched the local market fairly well. Whether your goal is to enter the market in a rapidly growing suburb, rent out the property or create a holiday home you can retire to, expanding your search to include interstate or countryside properties increases your potential for lower prices and greater investment growth.
If you have ever dreamed of a farmhouse style home in the countryside, or a property along the warmer Queensland shoreline, searching interstate means you won’t have to compromise between lifestyle and investment return.
Naturally, widening your market will mean greater diversity, quality and choice when it comes to purchasing your investment property. Comparing housing prices in different states will enable you to make an informed purchase decision with a broader mindset, and explore areas in the country you may not have ventured to before.
A buyer’s agent will be able to help you find the best deals on the market, especially if you are unfamiliar with investment hotspots across the country. Buyer’s agents are experts in searching, evaluating and negotiating a property purchase on behalf of the buyer, and have a strong grip on the market.
They are especially useful when purchasing from a distance as they can save you extensive research and can be used to bid at auctions on your behalf. While it’s important to stay informed and involved in the purchasing process, a buyer’s agent will help make this process much more convenient from afar.
Why you should furnish your investment:
Furnishing your investment property is equally enjoyable and rewarding, as its styling can really complement the space and make it feel like a home. This is particularly important if you plan to use the property as a holiday rental, or a home away from home.
The style you choose can be decided by your vision for the property, as holiday rentals usually have a clean, relaxed approach with broad appeal. Private holiday homes have more flexibility to include more personal, homely touches such as photographs, heirlooms and your own personal taste.
Don’t forget the tax benefits of furnishing your property, as furniture can be claimed on tax as an investment expense. Claiming your furniture on tax lowers both your investment income and your tax bill. Tax benefits like this make purchasing an investment property even more affordable and appealing to any investor, as claiming expenses you’re entitled to can save you thousands of dollars. It’s worthwhile researching all you can claim for your property and circumstance to make the most of your investment.
Styling your property:
A new home is a blank canvas waiting to be decorated to its full potential, and the options for styling can be overwhelming at times. Among this year’s home styling trends include jewel tones and textured surfaces, which can be applied in many different pieces from bed heads and chairs to decor. If you’re more on the conservative side, adding these trends in the form of colourful or faux fur cushions make it easy to spruce up the space in a cheap and effective way that can be easily restyled through the seasons.
To combat today’s increasingly digital lifestyle, you may consider furnishings that stray from the sleek designs of our devices to those that evoke a feeling of comfort, cosiness and warmth. Adding simple homely touches such as furniture made with natural materials like wood will always add comfort and a sense of luxury to any living space.
If you’re stumped for interior decorating ideas, browsing local furniture stores and even Pinterest can be great ways to explore themes and furniture styles that will suit the property. If you would rather trust a professional’s opinion, there are full service options available to help transform your house into a home. Seeking the expertise of a property stylist can strengthen the potential of your property by applying established design concepts and new furnishing trends that can lift your living areas from ordinary to impressive. Great styling goes a long way in holiday rentals as perceived comfort, luxury and space create an atmosphere that appeals to holidaymakers and could mean the difference between staying at your property and another.
Moving it all in:
When it’s time to move, hiring interstate removalists is the easiest and most logical solution to help you set up your long distance home. John Ryan Removals offer interstate furniture removals in Melbourne, which makes purchasing property interstate an even more accessible option. Your new furniture will travel in safe hands with vehicles fully equipped with padding, trolleys and protective gear. All upholstered furniture is carefully concealed in heavy-duty plastic covers and wrapped in an extra layer of felt for maximum protection on its journey. Shipping containers are available as a short-term storage option that can be used to transport your items door-to-door, as well as vans and smaller trucks to suit your load. By using John Ryan Removals’ interstate moving service to set up your new property, you’re working less on the move and focusing more on your investment.
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