Before you renovate

Friday 20 January 2017

Renovation is an excellent way to add value to a property, but there are certain key things investors should consider before embarking on a reno job.

As Kiwis we all like to keep our rental properties in good order, enhancing them where possible for capital or rental gain.

But there’s no point for an investor to rush in if the projects they are planning won’t change the status quo.

For this reason, planning and careful research is crucial.

So, in the January issue of NZ Property Investor magazine, we feature an article covering our 10 top tips to inspire and inform investors' renovation projects.

Our top 10 tips revolve around:

1. Due diligence.

2. Dollars and sense.

3. Effects on rent.

4. Finding contractors.

5. Looking to the future.

6. Avoiding inconvenience.

7. Fine details.

8. Keeping on top of things.

9. Safety and security.

10. Paperwork matters.

Each of our tips features a comprehensive rundown of what investors should consider - and do - before embarking on a renovation project.

To read all the information we provide in our top 10 pre-renovation tips, click here to get the digital issue of NZ Property Investor magazine.

Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.

Comments from our readers

No comments yet

Sign In / Register to add your comment

House Prices

Slow growth trend takes hold

Property values around most of the country continued to increase in 2017 but the rate of growth has slowed to a crawl and sales have plummeted.


Making the right call

Selecting a high performing body corporate manager for a commercial property might be difficult, but it can be done.


Growth outlook overshadows OCR call

New Zealand’s lower economic growth was acknowledged by the Reserve Bank in its OCR statement today – which means there's a chance their next call could be more doveish.

Site by PHP Developer