An Investment Property Buyers Guide

In spite of the modest rise of the New Zealand economy in 2014, the housing prices in the New Zealand real estate market are still at a booming rate. According to the Real Estate Institute of New Zealand (REINZ), the nationwide median house price rose 5.4% during the year to end-December 2014. With more than 33 percent of New Zealand's population, Auckland boasts the country's most expensive housing with an average price of 670,000 (US$ 500,017).

This can be attributed to several factors, such as the no stamp duty or land taxes, multi currency lending options, government assistance for first-time home buyers and the increased purchase of residential houses and apartments by foreign nationals. When you are thinking of buying an investment property in Auckland, one of the first things you should do is talk to a property manager.

Property managers are professionals trained in helping their clients find out the best property deals according to their requirements and budget. They have experience in the local housing industry, and have good connections in the property market where they operate. They provide professional advice and local expertise that you cannot get anywhere else. Seeking proper advice from the start will enable you to maximise the benefits you receive from your investment property.

Hiring the services of an Auckland property management company helps you save a great deal of time and effort in the tenant hunting process. In today's fast paced lifestyle, it becomes difficult to take out time to actually advertise for and interview potential tenants. Especially when financial and background checks need to be done for each potential tenant. Finding a good and reliable tenant is not easy so why not get some expert help?

Property managers work with you throughout the process of setting up your investment property. There are several aspects about the home letting out process that first time home owners may not be aware of. For example, What is the current rental rate in the area and how much should you rent your property for? Which neighbourhood is better, not just in terms of living, but also in terms of price appreciation and returns, in case you want to sell the property at a later date? A skilled property manager can also help you understand and manage the legal responsibilities you have as a landlord.  

One of the most cumbersome parts of the rental property process is the documentation and legal requirements. Property managers will do all the paperwork involved in the rent out procedure of a property including financial and background checks and setting up a contract regarding the terms of lease. A property manager will also carry out and document frequent inspections on your property to ensure the tenants have not caused any damage. They can look after any maintenance requirements on your property and liaise with the tenant on your behalf to save you time and stress.

Known for its beautifully planned suburbs, golden sands and relaxed lifestyle, Auckland has emerged as a popular place for property investment; both for first time buyers as well as those looking for a second home. To make your first time property investment process a smooth one, take help from www.aspireproperty.co.nz. Aspire Property has the local knowledge and expertise to manage your property in Auckland.

Contact our friendly team to make a booking!

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