Are you getting the best from your property? The following questions are a guide to understand whether you’re maximising your investment.
09 Nov 2015
1. Is it time to review your rental return?
Always make sure you’re receiving the best rental return possible. Research other property rental prices in the area and talk to your property manager about a reasonable increase in rent when the lease on your property is due for renewal. You can always speak to a Mike Pero Real Estate agent as well.
2. Can you add value to your property?
There are plenty of cost-effective ways to add value to your rental property, which may enable you to increase the rental price. Try a fresh coat of paint, new carpets or a kitchen or bathroom reno.
3. Are you maximising the equity on your property?
It’s no secret that New Zealand property prices have been on the rise for some time, particularly in Auckland and Christchurch. Now could be a good time to assess how much equity you have and whether you’re in a position to expand your portfolio. If you’re interested in finding out your investment loan options, you can speak to a Mike Pero Adviser today.
4. Is your loan structure working for you?
Having the right loan for your investment property can play a vital role in how well your investment property performs. It’s a good idea to seek expert advice about your existing loan arrangement and the many potential options to ensure you are maximising your returns.