RESELLABILITY

Are you an Investor? Do you think that this property will have a better value in the future? Can you afford to wait 5,10,15 years to re-sell the property? Do you have knowledge in the area where the property is located? Is it the best price in the Market?

RENTABILITY

Do you think that the area has a lot of opportunity to find clients? How about the quality of the clients; can they afford your rental price and pay consistently? How is the rental competition in the area? If you are the last to come in your price may be the highest in the market which could discourage clients from renting. There are more clients in smaller properties like studio and 1 bedrooms because they are cheaper; however clients in a 2-3 bedroom are less likely to default. When buying a 2-3 bedroom property it is highly recommended to buy a parking slot.

USEABILITY

Not all properties are for investment. Some properties serve a different purpose.
DORM: To be used for kids to stay near their school.
HOTEL: A temporary place to live in the city because your house is hours or a plane away.
TREATMENT: A place near a treatment center to stay during a treatment.
VACATION: A place to chill, unwind and relax with the family.
FAMILY HOUSE: A home to raise the family.
OFFICE HOME: For single people usually near the place of work.
WORKSHOP: Usually for artists, an area to master their craft.
WAREHOUSE: A place where you can store extra things.
It is very important to know the purpose of a property in order to buy the right one.

SAFETY AND SECURITY

SAFETY: Is it safe to walk at day and night? Is the area known for flooding or is it near a fault line? Is the area known for any drugs or gang related violence? Is the area known for having a lot of thieves or accidents? Is the area known for being a Red Light District and is not ideal to raise a child? Is the property sold by a reputable developer that can turn over safe properties?
SECURITY: Are the access points in the area guarded by Security? Is there a security guard at the entrance and roaming at night? Is there a police station nearby? Are there CCTV in the streets? Does the property have a private car sticker for access? Does the property have a privacy card for access to elevator?

CONVENIENCE

Check access to High Speed Internet, Electricity, Water, Cable, etc.
Check transportation accessibility to and from the property.
School/Day Care : ___ Mins by Walk, ___ Mins by Car
Work : ___ Mins by Walk, ___ Mins by Car
Market : ___ Mins by Walk, ___ Mins by Car
Grocery : ___ Mins by Walk, ___ Mins by Car
Restaurants : ___ Mins by Walk, ___ Mins by Car
Laundry : ___ Mins by Walk, ___ Mins by Car
Water Station : ___ Mins by Walk, ___ Mins by Car
Mall : ___ Mins by Walk, ___ Mins by Car
Park : ___ Mins by Walk, ___ Mins by Car
Bank : ___ Mins by Walk, ___ Mins by Car
Church : ___ Mins by Walk, ___ Mins by Car
Gasoline Station: ___ Mins by Walk, ___ Mins by Car
Fire Station : ___ Mins by Walk, ___ Mins by Car
Hospital : ___ Mins by Walk, ___ Mins by Car
Airport : ___ Mins by Walk, ___ Mins by Car

THE NEIGHBORHOOD

Closely related to Safety the neighborhood is a very important factor when choosing a property since this is the place where your family will spend social interactions with. This is the neighborhood where your children will meet friends to grow up with. This is the neighborhood where you will attend dinners and functions with. As the quote goes "birds of the same feather flock together" choose a neighborhood that you can be proud of.