{"id":7866,"date":"2019-05-12T09:53:58","date_gmt":"2019-05-11T23:53:58","guid":{"rendered":"https:\/\/www.catebakos.com.au\/?p=7866"},"modified":"2019-05-13T08:37:51","modified_gmt":"2019-05-12T22:37:51","slug":"how-do-we-grade-a-property","status":"publish","type":"post","link":"https:\/\/www.catebakos.com.au\/staging\/how-do-we-grade-a-property\/","title":{"rendered":"How do we grade a property?"},"content":{"rendered":"\n

We use the term “A-Grade” a lot, but what does this really<\/em> mean, and how do we distinguish between A-Grade and other grades?<\/p>\n\n\n\n

In this Buyer’s Market, it’s easy to buy a bargain property. The critical element that buyers need to focus on now relates to the quality<\/em> of the property. <\/p>\n\n\n\n

Anyone can buy a bargain, but determining whether the property is a <\/a>situational<\/a><\/em> bargain vs a <\/a>compromised<\/a><\/em> bargain is the challenge.<\/a><\/p>\n\n\n\n

Some property investment firms have specific programs for grading properties. Others have sophisticated systems they’ve built to categorise a property with ratings.<\/p>\n\n\n\n

The difficulty with applying a specific score to a property is that different owners, tenants, age groups, family-types and demographic segments will favour differing elements of a property in any given area.<\/p>\n\n\n\n

Applying a score is as much art<\/em> as it is science<\/em>.<\/p><\/blockquote>\n\n\n\n

Our approach when scoring a property is to separate the “Must-Have” Criteria from the “Nice-To-Have’s”. The former are the elements that we will not compromise on. Depending on the city, region, investor’s tolerance for maintenance\/improvement, and the target tenant, our Must-Have <\/em>list usually comprises elements as follows:<\/p>\n\n\n\n