TIPS FOR INVESTORSDid you know?

What are tenants looking for?

Just like yourself, a dry, clean house. Heating. Three bedrooms allow for a couple of working people and a good kitchen and bathroom are a must. A separate toilet is always appreciated. Indoor/outdoor flow is always welcomed. Any outdoor living space as well. A five bedroom home with one bathroom doesnt work so well - putting too much pressure on water and sewerage lines and stress on the home itself.

New Builds

There are some new tax incentives when purchasing a new build and for twelve months at least the Landlord should have some control over maintenance as the property should be under guarantee. A lot of new builds offer three - four bedrooms but often one of the bedrooms is small enough only for a study or baby room and often the bedrooms are not large enough to fit in tenants beds.

Tax Deductions

The removal of mortgage interest as a tax deductible expense for property investors has changed the landscape for a lot of Investors. It is advisable to check with your Mortgage Broker / Bank / Lender to get the right advice for your investment.

Interest rates

Investors need to keep their eyes and ears open on this one. This is also a changing landscape and few of us are not affected by the huge increase in interest rates from two years ago. If your mortgage has gone from around 2% to 6+% this does not mean that the rental capacity of your investment also triples (unfortunately). As above please get the right advice for yourself and your families as how best to proceed.

Make a plan:

1. Before you can invest for the long term, you need to know how much money you have to invest and what you can purchase with this.

2. Understand and plan in regard to potential changes in the future - ie further interest rate hikes.

3. Work out a time frame - are you in this for the long or short term?

4. Have a budget for income and expenses (maintenance ie cleaning of gutters and downpipes) and unknown expenses (ie hot water cylinder breaks down, pipes under the home leak)

5. Always have Landlord Insurance - this is not the same as your household insurance but covers loss of rent and other areas that are not needed in a private dwelling.

READY TO MOVE & BUILD. PAPATOETOE 18 OLIVE CRESCENT

A great opportunity for the developers who are looking for development in the near future! Offering 825m2 (MOL) of freehold land , with endless potential, zoned as Mixed Housing Suburban. RC approved to build 3 houses , Keeping Existing house.

Key property Features include:

• 5 bedroom house - fully renovated

• New Carpet

• New Kitchen

• New Toilet , Bathroom

• Separate Laundry area

• Led lights

By Negotiation

barfoot.co.nz/849698

Do not wait , Give us a call now for private viewing.

PREMIUM LOCATION WITH THAB ZONE ! MANGERE

Developers, investors and Land Bankers, A development site has just become available on a prime location in one of the most growing suburb, situated over an 726 m2 of road frontage, freehold section. Zoned for terrace housing and apartment, with a growing demand for high-quality, modern housing, the site offers ample space for this (subject to council approval).

A three-bedroom house sits here with lots of space for the family and kids to play around and entertain, A double garage that’s currently being used as a rumpus room for additional space.

This is your chance to secure a prime development site in the rapidly evolving and thriving suburb of Mangere.

Negotiation

Call today to book a viewing!

MANUREWA

20 BETTINA PLACE

3 1 1 1

By Negotiation

barfoot.co.nz/847912

Rental Appraisal

$680 - $710 per week

HOLD THE GOLD- DEVELOPMENT POTENTIAL !

Looking for a spacious property with plenty of potential in a peaceful location? Look no further than this stunning 3 bedroom house on a generous Freehold 936m2 section with Great Garden and Fruit trees around! The house itself is well-maintained and features three generously sized bedrooms, a spacious living area, and a functional kitchen. The large section provides ample space for outdoor entertaining and activities.

• Nice House to Live in.

• Potential to Subdivide (Subject to council’s approval).

• Services on site.

• No Flood Zone.

• Rent/Subdivide or Live. Choice is Yours.

• Mixed Housing Suburban Zone.

Donald Gupta d.gupta@barfoot.co.nz 021 786 756

Anuj Bisht a.bisht@barfoot.co.nz 021 026 29790

1

Rental

$670 -

DO ME UP? REAP THE REWARDS !

What an incredible opportunity! Reap the Rewards on this One! Spend the time, renovate, fix up to your desire.

This property is sure to appeal to all builders, handyman, savvy investors, and first home buyers out there. It is prime real estate priced competitively, sitting on a freehold 386 m2 land. The vendors are moving on and it must be sold, which means this is the perfect chance for you to make your move and secure this fantastic property.

FEATURES: 3 Bedroom house, Freehold property on 386 sqm, Combined kitchen and dining, Separate bathroom and WC, Fully Fenced, 2 min walking distance to Opaheke school, Close to Papakura train station, bus stop, super markets, Motorways, restaurants. Perfect for educational opportunities, in a consistent popularity and growth area. FOR SALE

$569,000

Chetan Kanjarbhat

021 0235 6648 c.kanjarbhat@barfoot.co.nz