So why make such a statement when compliance regulations have increased?
Knowledge is power and we now know most of the new regulations that we need to comply with and when you purchase the property you can factor in the requirements to the offer you make. The house owner will need to supply to you all the insulation details. Add to this the low interest rates and the fact that the lending sources really want to help.
We have just had one of our popular investment seminars in Palmerston North and the room was packed. A reflection of the interest in being an investor. It was clear from the presenters that by using the equity in your home you can buy your next property. Just a 30% deposit with this equity could get you started. Greg Watson showed how equity builds and how over the medium to long term your investment grows. This is without taking into account your capital value growth which we do not expect to drop.
Yes, costs are going up but so are rents and these transactions should be thought of in business terms and not just a hobby. All businesses have overheads so build in your repairs and renewals plus your home improvements and still come out on top.
You cannot depend on your superannuation to keep you going in comfort when you retire. This is the way to move forward. Give Greg or myself a ring to find out more.
There are still more tenants looking than homes available and I can only see this getting worse in the short term. All you need is a good accountant and a good Property Manager!
- Full list of blogs
Feilding Real Estate Market Snapshot - April 2020 Palmerston North Real Estate Market Snapshot - April 2020 Palmerston North Median Rental Prices: November 2019 - April 2020 Covid-19 Level 2 Feilding Real Estate Market Snapshot - March 2020 Palmerston North Real Estate Market Snapshot - March 2020 Palmerston North Median Rental Prices: October 2019 - March 2020 Real Estate Market During Lockdown FREQUENTLY ASKED COVID-19 Questions (NZPIF) COvid 19 Level 4 Updates Handy resources for you to help with Covid-19 Covid 19 Level 2 Updates Feilding Real Estate Market Snapshot - February 2020 Palmerston North Real Estate Market Snapshot - February 2020 Palmerston North Median Rental Prices: September 2019 - February 2020 Kens' 37th year in Real Estate Watson Real Estate expands to Whanganui market Will Jeff Bezos (Amazon) solve the NZ housing crisis? Here's the plan! Market is still hot coming into 2020 Feilding Real Estate Market Snapshot - January 2020