{"id":2059,"date":"2016-01-26T22:22:56","date_gmt":"2016-01-26T14:22:56","guid":{"rendered":"http:\/\/people.utm.my\/noorsidi\/?p=2059"},"modified":"2016-03-30T16:22:47","modified_gmt":"2016-03-30T08:22:47","slug":"common-mistakes-made-by-first-time-property-investors","status":"publish","type":"post","link":"https:\/\/people.utm.my\/noorsidi\/2016\/01\/26\/common-mistakes-made-by-first-time-property-investors\/","title":{"rendered":"HEART OVER HEAD"},"content":{"rendered":"<h4>1. HEART OVER HEAD<\/h4>\n<p>When <a href=\"http:\/\/propertyupdate.com.au\/category\/home-buying-and-selling\/\" target=\"_blank\">buying a home<\/a>, about 90% of your purchasing decision will be based on emotion and only 10% on logic.<\/p>\n<p>This is understandable, as your home is where you\u2019ll raise a family. It\u2019s your sanctuary.<\/p>\n<p>When it comes to investing however, letting your heart rule your buying decision is a common trap to be avoided at all costs.<\/p>\n<p>Allowing your emotions to cloud your judgement means you are more likely to over-capitalise on your purchase, rather than negotiating the best possible price and outcome for your investment goals.<\/p>\n<p>You should always buy an\u00a0investment\u00a0property based on analytical research.<\/p>\n<p>Will it provide the gains and returns you require? It is in the best location to attract quality tenants?<\/p>\n<p>Will it appeal to the owner occupier market that sustains property prices in the long term?<\/p>\n<p>By answering these questions, rather than buying a house because you loved the curtains or thought it would make a good holiday retreat, you\u2019re thinking based on financial gain rather than personal feelings.<\/p>\n<p>And at the end of the day, investing is all about the economics, not the emotions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>1. HEART OVER HEAD When buying a home, about 90% of your purchasing decision will be based on emotion and only 10% on logic. This is understandable, as your home is where you\u2019ll raise a family. It\u2019s your sanctuary. When it comes to investing however, letting your heart rule your buying decision is a common &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/people.utm.my\/noorsidi\/2016\/01\/26\/common-mistakes-made-by-first-time-property-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HEART OVER HEAD&#8221;<\/span><\/a><\/p>\n","protected":false},"author":18926,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2059","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/2059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/users\/18926"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/comments?post=2059"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/posts\/2059\/revisions"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/media?parent=2059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/categories?post=2059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/noorsidi\/wp-json\/wp\/v2\/tags?post=2059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}