5 Mistakes in Today Market
This article looks at the five major mistakes that owners and investors are making that are causing them to suffer financial or mental distress because the expectation they have about their property may not match the reality of the market environment. Mistake No 1 – Over-Capitalising. This is the number one error that we are seeing time and time again. Typically, it’s in the form of renovations to an existing dwelling and generally comes in two forms. The first is simply spending far too much money on improving the property and The real estate environment as we see it today is very different to that of early 2000-2004 when even Mum and Dad investors could make a profit from a property transaction. During that time, simply buying a property was enough to guarantee some form of capital growth. From 2004 through to 2008, the market consolidated and the rate of growth declined but investors (and home owners) could still attain reasonable growth if they chose well and bought right. Since