In many ways, looking for an investment property is similar to looking for a home to live in.  You’ll need to think about the features you want in your ideal investment property and be clear about what is absolutely essential and what is ‘nice to have’.  Then, you’ll need to create a checklist of those features and take it with you when you view each potential property, so you can compare them against each other. 

Check out the ‘Exploring Options’ step of the ‘Selling and Buying’ section of the Home Buyers Centre.  It contains invaluable information and tips to help you look for – and find – the right property, including our ‘What do you want in a home?’ checklist.  Our ‘Rental Property Viewing’ checklist can also be helpful when looking for a property to buy.

However, while the process is very similar to looking for your own home, looking for an investment property is different in some respects.  In particular, you’ll need to think closely about:

• Location
• Who are your target tenants?
• Capital gains versus yield.

This material is for information purposes only. You should seek professional advice related to your individual circumstances. While The National Bank has taken care to ensure that this information is from reliable sources, it cannot warrant its accuracy, completeness or suitability for your intended use. To the extent permitted by law, The National Bank does not accept any responsibility or liability arising from your use of this information. Our lending criteria, terms, conditions and fees apply.