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6 TIPS FOR BUYING A HOLIDAY HOME

1/24/2023

Here are our 6 tips for buying a holiday home:

1.    Location is key: When it comes to rental properties, location is everything. Look for properties in areas with strong rental demand and good potential for appreciation.
2.    Do your research: Before making any investment, it's important to thoroughly research the market and the specific property you're considering. Look at factors like rental income, occupancy rates, and local economic conditions.
3.    Be prepared for the long-term: Rental properties can be a great long-term investment, but they also require a lot of work and attention. Find a good holiday home property manager and cultivate the relationship. You are both in it for the long haul.
4.    Have a plan for vacation rental: When it comes to beach or holiday homes, it's important to have a plan for how you'll use the property when you're not there. Will you rent it out to vacationers or use it as a personal getaway? Knowing how you'll use the property will help you make informed decisions about things like location and amenities.
5.    Invest in amenities that renters want: Amenities that renters are looking for include things like high-speed internet access, a heat pump and off-street parking. Investing in these amenities can increase the appeal of your property and help you command higher rents.
6.    Think about the future: As much as you are thinking about the present, don't forget to think about the future. Evaluate the current market trends, and anticipate what could happen in the future. This will help you make a more informed decision and avoid costly mistakes.

Want to talk about tax? Wealth creation? Planning for retirement? Contact us on 099730706 line 2 or email us.

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Investing in New Zealand Property

1/6/2023

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Investing in property in New Zealand can be a good opportunity to generate rental income and potentially earn long-term capital appreciation.

Here are some things to consider when investing in property in New Zealand:

Research the market: It's important to research the local property market to find out what types of properties are in demand and where they are located. You can also research the historical performance of the market to get an idea of how the value of properties has changed over time.
Consider the location: The location of the property is a key factor to consider when investing. Look for properties in areas that are likely to experience strong demand, such as those close to amenities and transport links.
Determine the type of property: There are different types of property you can invest in, such as houses, apartments, townhouses, and commercial properties. Consider the type of property that will best suit your investment goals and budget.
Calculate the costs: Investing in property involves upfront costs such as the purchase price, as well as ongoing costs such as mortgage payments, insurance, maintenance, and property management fees. Make sure you have a clear understanding of all the costs involved so you can budget appropriately.
Seek professional advice: It's a good idea to seek the advice of a financial advisor or property investment specialist before making any investment decisions. They can help you understand the risks and potential returns of investing in property and provide guidance on the best course of action for your specific circumstances.

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Contact us on 0800890132 line 2, or via our contact form. We'll help you evaluate your situation and connect you with the right people.

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Garreth Collard

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