Property Advice Expert
We have recently purchased and tenanted a 1950s built house with a small deck approximately one storey above ground level. The deck has an old style metal railing that could be climbed by an adventurous toddler. The tenants have a four year old and lots of whanau come to visit. Who is liable if someone should injure themselves falling from the deck? The building had a permit at the time it was built, but the deck would not meet code of compliance by today's standards.
With the Healthy Homes Guarantee Act, the extension of the bright line test, the end of negative gearing, the tighter lending environment and more, the environment is changing for investors. What are some of the investing strategies that you would recommend in these times?
I'm looking for an investment property in either Hamilton or Tauranga where the rent covers the mortgage. Which of these cities do you think would be the better option? What is your opinion about capital gain in these cities in the coming three to five years?