One mans rubbish is another mans treasure! This means if you have leftover materials from your renovation, you should sell them. These days there are so many easy ways to on sell goods, online auctions are a really easy option and usually you don’t even need to organize delivery. This is a great way to […]
When you are considering renovation as part of your property investment plan you must look at the financial considerations and weigh up the cost to benefit ratios. Is the renovation essential and how will you fund the renovations and how long will they take? These all things to consider before you begin.
There is always a lot to consider when renovating a property, when renovating as part of your property investment plan then there is even more to consider. Number one consideration are Legal Consideration – you must have the right information as to what your legal responsibilities are when renovating. There will be building consents and […]
When renovating a property for an investment gain you need to consider many factors to ensure you will get a return on your investment. Some factors include choosing the right materials and how much renovation to do – will it be cosmetic or structural. What level of finish will be most appropriate for the market […]
Fantastic list of 10 Top Tips for Buy an Investment Property! Provided by PropertyTutors.com. The advice in the tips is from decades of experience making a living as a property investor.
A Deposit Bond is a guarantee of payment and these Bonds are underwritten by insurance organizations. A deposit bond can be used instead of cash when settling a property, normally once a contract to purchase is signed a 10% cash deposit is made by the purchaser, the deposit bond is a substitute for the cash […]
he latest rental statistics released from the Department of Building and Housing confirm that median rental prices have continued to rise in most areas of Auckland. Allen Realty property managers have experienced record low vacancies, currently sitting at 99% occupancy rates
A mortgage is a loan for the purchase of property and the loan is secured against the property. A fixed term mortgage is simply put a mortgage that is set for a fixed period of time, Interest rate charges are fixed for the term of the mortgage. A penalty could be applied if the term […]
When a property developer buys a property and quickly sells it on again for a profit – this is called flipping. There are flipping strategies that come into play with this method of investing. The Flipping “as is” which is a straight buy and sell quickly. Flip and renovate is where you buy a run […]
What is a Lease Option and what are they all about. Simply put a Lease Option is a Lease with an Option to buy it. Some of the features of a lease option include; Price is agreed upon agreement and the buyer and seller negotiate payment of maintenance costs, perhaps even sharing this cost. Lease […]
An Interest Only Mortgage is a type of Mortgage where you only pay back the accrued interest and no payments are made against the principal. There are many reasons why people choose to take out an interest only mortgage, they may have limited resources, they may be buying a second property, they may be using […]
As land has become more expensive and less available the option of subdividing has become more popular and cost effective. Different councils and local bodies have different rules and cost for subdividing and information on these is readily available from them and on the internet. Whilst subdividing can be worthwhile for a homeowner, there is […]