Buying an Investment Property
Every home can be an investment if they’re taken care of; especially if you buy a home and prices continue to rise! Rental properties can generate a large amount of passive income, but as a landlord you are also responsible for fixing any issues that come up. If you’re in the initial stages of considering an investment property, feel free to talk to us for tips and advice and how to make best use of your budget.
Be aware of law changes for rental properties
Many New Zealand homes are older, and the government is cracking down on homes that are cold and damp. As of July 2019, all rental homes have to have at least ceiling and underfloor insulation (unless there is no access to get to either of those places, such as a home being on a concrete block) in every liveable area.
However, these changes are just one in a series, with several more requirements coming into place within the next few years. There are different dates when the standards have to be implemented by depending on the property type, but by 2024, all rentals in the country will have to meet all standards. These include specific standards on insulation, heating, draught stopping, moisture and drainage, and ventilation. You can find more about the standards in detail from MBIE.
Because of these new standards, you might be seeing some properties appear on the market at a lower-than-expected price point. Some of them will need renovations to meet some or even all of the standards, so it’s important to be aware of these extra costs upfront! If you need help or more information, we are here and ready to help you with your next steps
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My partner and I couldn’t be more grateful for everything that Brenda & her team did for us in getting our dream home and even handling life insurance, the process couldn’t have been made any easier. What should have been a stressful time in our lives was made into an enjoyable experience.
We had a tricky case, with only one wage and my wife expecting the second baby we’re really pushing the boundaries of what we could borrow. Brenda and the team went above and beyond to twist some arms and pull some strings and managed to get us what we thought was impossible and we’re now happily living in the lovely house we wanted so much. they really did an amazing job and were extremely fun friendly and professional. highly recommend them and they will help you get over any hurdle you have.
My husband and I couldn’t recommend Brenda and her team more highly. Without her, our out of town dream wouldn’t have eventuated. Thanks again x
Brenda is absolutely amazing!
It’s just like talking to a friend! So bubbly, friendly and helpful
No need to look any further than Brenda
Brenda was fantastic and helped us with our mortgage, mortgage review and other financial advice. Highly recommend her to everyone.
Brenda and her team helped us out a few years back now and without her, we would not be where we are today. She puts in the hard yards for her clients.
For us, it not only helped with our dream home but also put our business on the map by being able to get a new build mortgage.
This woman is amazing! We would not be where are now without her! Brenda is honest and driven – highly recommend!! Love your work Brenda
Brenda is fantastic at what she does. We recommend her to anyone we know who needs a mortgage and /or insurance advice. Thanks for everything, Brenda!
Brenda is amazing! She made it so simple and easy for me to sort my finances and find my perfect home
Brenda and the team are absolutely amazing. Just a fantastic bunch of ‘normal’ people who go the extra mile. Brenda is crack up, efficient and easy to talk to. Highly recommended.
Exceptional service. Brenda and her team took all the hassle out of our original lending and have made the whole rollover process so easy. It has made all the difference having someone we can trust and rely on to help us navigate the hard stuff.
Brenda is very approachable and easy to talk to. We found her extremely helpful and would recommend her to anyone needing her services.
I honestly can not thank the team enough for all the hard work they put into helping me get my home. Never once did they complain about my constant nagging calls or unusual questions or even the quick turn around. It didnt feel like a business transaction it felt like a family member helping me out. Really cant recommend this team enough. Want the best, go with the best.