Investing in property can be a great way to generate annual income and build wealth, but it’s essential to not only focus on finding the right investment properties to invest in but also on maintaining the value of your property portfolio over time. Regular maintenance, diversifying your property portfolio, and staying informed about the local real estate market are key strategies for protecting and growing the value of your property investment.
Conducting regular maintenance.
One of the most important aspects of maintaining the value of your investment property is regular maintenance. This includes tasks such as repairs, painting, and landscaping. By keeping your rental properties in good condition, you can attract and retain good tenants, and increase the overall value of your property portfolio over time.
Diversifying your portfolio.
Another crucial strategy for maintaining the value of your property investment is diversifying your property portfolio. Instead of putting all your eggs in one basket, it’s crucial to spread your investments across different types of properties in different areas. This can help mitigate risk and ensure that you’re not overly exposed to any one particular market.
Handling the hassles.
An experienced property manager can be an invaluable asset when it comes to maintaining your property portfolio. A good property manager can help you find new tenants, conduct regular inspections, handle other expenses, and ensure that your rental property is always kept in good condition.
Finding the right property.
When it comes to finding the right investment property, working with a real estate agent can also be helpful. An experienced real estate agent can help you find properties that are well-positioned to maintain their market value over time.
When considering a potential investment property, it’s important to not only look at the potential for rental income but also at the overall property value. It’s important to not only consider the initial purchase price but also the long-term potential for appreciation.
Do you know how much income your rental property generates?
Often times property can be seen as a ‘set-and-forget’ investment with many investors focused on the long-term capital gains they’ll accumulate as the value of the property increases. As an investor, we believe it’s important to take steps to ensure you continue to get the absolute most out of your investment. We provide annual rent reviews and market valuations so you know where you sit in the current market.
Keeping your finger on the pulse.
As an investor, market knowledge is key. The actions of investors and homeowners in your local area will impact you and your investments.
Each month, we present our investors with the latest investment opportunities across the Auckland region. If you would like exclusive access to these listings and a breakdown of potential gross yield, please click below to join the Investors’ First club.
Thinking about expanding your portfolio?
Are you thinking about expanding your portfolio? We work closely with our in-house mortgage broker, Sanjev Jangra, who can assist you with financing. Sanjeev works closely with a large number of bank and non-bank lenders, ensuring you have access to the best interest rates for your home loans. Click here to schedule a chat with Sanjeev today.
Overall, investing in property can be a great way to generate rental income and build wealth. To protect and grow the value of your property portfolio, it’s essential to focus on regular maintenance, diversifying your property portfolio, working with experienced property managers and real estate agents, and staying informed about the local real estate market. With the right strategy and team, you can not only protect the value of your investments but also position them for long-term growth.