People usually avoid living on busy roads because of the amount of noise pollution that vehicular movement generates. There is constant activity going on outside which can cause discomfort to many. However, the fact is that the busy roads are usually those which are located in the centre of the city or which connect important places. A property in such a location can offer the advantages of good connectivity to prospective tenants.
In Albany, tenants generally do not prefer to live on busy roads. They seek rental places in the suburbs where they can live a peaceful life with their families. If you are thinking about investing in property in Albany, market research is the first point to start from.
What You Need To Check
You need to make a note of the number of vacancies and their locations. They are more likely to be located along busy roads. This does not mean that you should not invest in such a property. You can think from the point of view that if the rental properties in the suburbs are already mostly occupied, then prospective tenants are sure to come looking for properties in the busy areas. You can have the advantage then and secure tenants for your property easily.
Another point to remember is that the noise factor becomes less important if you present your property well. If you offer various facilities with your property, then the tenants are sure to choose your property before the one which is located in a quiet area but is poorly presented. The first impression does make a lot of difference.
Considerations When Buying On A Busy Road
There are some things that you can focus on while purchasing a property on a busy road:
- It is important to get hold of a property which has an in-built parking facility or off-street car accommodation. Tenants cannot park their vehicles on the busy road.
- The outdoor entertainment area plays an important role in increasing the appeal of a property. You should ensure that this area is noise-free in the case of your property. If it isn’t, then the extra value that the entertainment area adds to your property can be lost.
- There should be noise-blocking windows and other such facilities inside the property so that the outdoor noise does not affect the peace inside the home.
Invest wisely! Keeping these few things in mind can help you secure a good rental return for a property that is located on a busy road. If you’d like some advice on what you can do to make your property stand out, get in touch with the specialist team at Wellington & Reeves today!