Property Advice Expert
It seems like trying to add value to a property might be a good thing to do now with the market as it is. What do you think are the best ways to add value to an existing property?
In a shared tenancy, what rights do I have as a landlord over power supply when my tenant is the account holder for the supply? If this is a commercial tenancy are they able to legally reduce the level of power supply?
For the past 16 years I have been a full time stay at home mum. Now that the children are less reliant on me, I am looking at returning to work on a part-time basis (25 hours per week) where I would earn approximately $50,000 or investing in property. The later holds much more appeal and, after years of thinking about it, I'm ready to put things in place and make it happen - providing that it stacks up financially.
We own a debt-free property in Auckland with a CV of $3.2 million. My husband works full time and plans to for the next 15 years at least. I'd like both cash flow and capital gains and was thinking of an apartment in central Auckland that I could rent or, to increase the return, run as an Airbnb. In terms of the capital gains objective, I may look at buying a property on a full site out of Auckland with a view to adding value, maybe subdividing. I'm overwhelmed with information and conflicting advice from friends/family! I would value your professional advice as a starting point.