Renovating In The Auckland Property Investment Market

Renovating can be a lick of paint or a more major exercise like removing a wall.  As all successful property investors know, adding value to your assets is a great way to increase the yield a property provides.

Renovation is one way to add value.   There is a cosmetic renovation, which involves a spruce up, tidying the property, repainting and replacing old and worn fittings.  A major renovation involves structural changes and additions and you must carefully weigh up the cost- benefit of this approach.

If you keep your profit margin in mind and never over-capitilise then you will benefit by adding value to your asset and investing in the property’s long term viability.

For more tips and hints on Renovating click here –

, , , ,

Comments are closed.