learn more about what’s happening in the areas where you are interested in investing. If you are not already doing so, become an avid reader of the local press and learn what’s happening in the neighbourhoods and cities where you might invest. Most particularly, try to get some understanding of what changes may be planned for the area, such as new roads, schools, hospitals or other development and what impact these may have. Take the time to visit the areas, so you get a feel for what opportunities—and disruption—may be generated by those works.
Also read local council reports and try to gain an understanding of what local leaders are thinking, as well as checking any published local plans. While it may be some years before these things happen, it’s all invaluable information that you can store and which will help you take on the thought processes of a true property investor.
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