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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