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Nor'West News: May 11, 2023

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Thursday <strong>May</strong> <strong>11</strong> <strong>2023</strong> 9<br />

Ray White Bishopdale<br />

PROUDLY LOCAL<br />

3 Ways To Get The Most Out<br />

Of Property Investment<br />

Property investment is not a fire-breathing V8, nor is it a wee mini. Think of<br />

property investment more like a diesel tractor (with low emissions of course) that<br />

toils hard for you every year to bring you capital gains and rental yield. While it<br />

may not bring you sudden riches, the returns can build up over time. However, all<br />

vehicles need a service every now and then and it’s no different for our tractor. In<br />

light of this, here are three ways to get the most out of your investment property.<br />

Location, Location, Location:<br />

There’s no point ploughing a field with your tractor if the soil isn’t any good for<br />

growing anything. Choosing where to buy your property is just like a farmer<br />

determining which paddock to plant their seasonal crop. Some areas will<br />

produce much greater yields than others so it pays to make a decision backed by<br />

information and insights.<br />

Upgrading and Improving your Property:<br />

After you’ve made an informed decision and bought a property for sale in a<br />

prosperous area, it can be tempting to just sit on your laurels and watch the<br />

cash amass from rent payments and capital gains. However, this won’t always<br />

work. Fortunately, there are ways to build up your equity and profits, such as a<br />

fresh coat of paint inside and out, updating the kitchen and bathroom, upgrading<br />

appliances such as heat pumps and dishwashers etc. Obviously, some of these are<br />

cheaper than others, but what they all have in common is that they can add a lot<br />

more value than what they cost. An experienced and knowledgeable property<br />

manager can advise on improvements that might be worth doing and others that<br />

might not add any actual profit.<br />

For any questions regarding property<br />

investment, get in touch with your local<br />

property management specialists Mark<br />

Davison or Joanne Mackley today.<br />

Mark Davison<br />

REINZ Accredited<br />

Business Development Manager<br />

027 510 7822<br />

mark.davison@raywhite.com<br />

Joanne Mackley<br />

Property Manager<br />

027 248 0091<br />

joanne.mackley@raywhite.com<br />

Using a Property Manager:<br />

Having a constant mechanic on hand to tend to any issues your tractor might<br />

have, means you will be able to enjoy the benefits of an investment property,<br />

without worrying about the speed bumps. The days when the management of<br />

rental properties just entailed collecting rent money are well and truly over.<br />

Besides being well-trained and highly skilled in finding and keeping good tenants,<br />

knowing tenancy law, organising property maintenance and avoiding disputes<br />

with tenants, one of the main things you should be looking for in a property<br />

manager is experience in the industry – particularly a deep knowledge of the<br />

area you’re looking to invest in (or have already invested in). As they say, time is<br />

money, and using a property manager to mind your rental properties can save<br />

tractor loads of it.<br />

Why wait? The time to invest is now. Call our property managers today<br />

and get the most out of your property investment.<br />

RENTED<br />

30 Clive Street,<br />

Linwood<br />

RENTED<br />

14 Waimarie Street,<br />

Pegasus<br />

RENTED<br />

16a Northcote Road,<br />

Papanui<br />

RENTED<br />

66 Daniels Road,<br />

Redwood<br />

MORE PROPERTIES NEEDED!<br />

Ray White Bishopdale<br />

0800 YELLOW (0800 935 569)<br />

5/333 Harewood Road, Bishopdale<br />

rwbishopdale.co.nz<br />

Inline Realty Limited (Licensed REAA 2008)<br />

We have great tenants waiting<br />

Call 0800 YELLOW today<br />

Proudly owned by<br />

Karen Ellis<br />

021 519 275<br />

Barry Ellis<br />

021 519 274

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