While you as a property owner may have worries when it comes to tenants, it’s also good to look at the flip side of the coin and see what fears tenants have. Rent rises are almost always the number one fear of a tenant. While you are within your rights to increase the rent annually,.
Traditionally investors veer away from one-bedroom properties; industry experts seem to think you won’t get the resale value or you’ll have difficulty in renting it out. However, times are changing. More people are choosing to live alone and many are looking for a lifestyle living in the middle of a vibrant centre or desirable area.
The words self-managed super funds (SMSF) and property investment in the same sentence may bring cold shivers to some people, but with sound financial advice and doing your homework, you can use your SMSF to purchase an investment property. There are rules you have to follow though, and here are just some of the considerations.
Worried about bad tenants or buying the wrong property? Whether you’re a first time investor, or you’ve got a portfolio, as with any investment, there is risk. But the good news is, there are always ways in which you can reduce your risk. Here are a few suggestions to minimise some of the risks associated.
With the government making changes to the old age pension recently, many people are looking to alternatives to supplement their retirement in the future. Self-managed superfunds, stocks and shares and other investment schemes are possibilities. Property investment should also be considered; it’s easier to understand, and some consider it’s a lower risk. Plus if you.
The reason you’ve invested in property is you want to make money in the long run. It could be for your retirement, for a lifestyle, for that dream holiday or for your kids’ education. Whatever the reason, you want to get the best return from your purchase. Some people think managing their property themselves saves.
Whether it’s your home or investment property, when it comes to selling it, you want to get the best possible price in the shortest amount of time with the least amount of stress. Knowing what to avoid will keep costs down, save time and it will lead to a successful sale with both sides happy..
You don’t have to break the bank to increase the value of your property. The key to simple renovations is to focus on areas that can make a difference and are in keeping with the property – it’s pointless putting in a granite bench top when the property is a small 2-bedroomed unit just as.
So you’ve done it! You’ve purchased your perfect investment property. It’s ticking lots of boxes – close to amenities and public transport, the floorplan is simple and there’s plenty of storage space. So what else can you do to make it attractive to tenants? Price Tenants are usually guided by what they can afford rather.
There were 263,245 registered motor vehicles in the Newcastle and Lake Macquarie district and 202,707 in the rest of the Hunter Valley in 2014 according to the Australian Bureau of Statistics. In Australia, we love our cars and you might be forgiven for thinking a parking space is essential for your rental property. If parking.