Should my first home be an investment property?
It’s a common question that many potential first-time home buyers face – should my first home be an investment?
On the one hand, it can be seen as a wise investment to buy a property that you can rent out and make some money from. On the other hand, it can be a lot of work to be a landlord and you may not want the hassle.
So, what’s the answer? Well, it really depends on your personal circumstances and what you’re looking for in a first home. If you’re happy to take on the extra work involved in being a landlord, then an investment property could be a good option for you. However, if you’re just looking for a place to call home and don’t want the extra responsibility, then a traditional first home might be a better option.
Ultimately, the decision is yours and there’s no right or wrong answer. It’s important to weigh up all the pros and cons before making a decision and to speak to a financial advisor if you’re not sure which option is best for you.