Things Property Investors in Central Auckland Need to Know

November 21, 2019

Things Property Investors in Central Auckland Need to Know

by | Nov 21, 2019 | Market News

Are you a property investor? Are you looking into buying properties in New Zealand? If so, then you’ve come to the right place. Maintain To Profit Renovations is here to help you with your property management needs. We help you manage properties in Central Auckland.

We can assist you by providing renovation services that are reasonably priced with excellent results. Our team of experts are here to help you make your dreams a reality. Whether you wish to buy and sell homes, buildings, or both, we are confident that we can deliver your requirements.

We believe that project management through extensive planning is vital to the success of any building project and will help you avoid expensive problems and delays. It’s not easy to build or renovate a home or building. Sometimes, you have to deal with bad weather, delay in delivery of materials, inefficient subcontractors who don’t show up at all, and other cost overruns. We help by eliminating those hassles and delivering excellent results within your fixed budget. Of course, we abide by Government policies, which are constantly changing.

New Central Auckland Property Policy

Property owners and investors alike have much to be thankful for in the recent months. Recent news abound that the government has abandoned its previous KiwiBuild’s 100,000 homes target. It will no longer be replaced as part of the Government’s sweeping project reset. The policy no longer sets a cap for number of homes built.

A reset of the affordable housing policy now includes a $400M progressive ownership scheme made available for about 4,000 families with a move to gain wider support for first-home buyers. In this new policy, buyers can avail of Government-backed loans and grants with as low as five per cent deposit.

According to the new policy, buyers and investors of studio and one-bedroom homes will need to commit to owning them for one year, not three as previously legislated. Meanwhile, as much as 10 per cent of KiwiBuild homes will be allowed to breach the price cap in each development if they have four or more bedrooms.

What Does This Mean for the Property Market?

The demand for housing is still high in Central Auckland, as it has always been, so that’s where the opportunity remains. If you’re looking to engage in property investment, experts at Maintain To Profit Renovations are here to help you.

The new affordable housing policy has opened doors that were previously closed to property investors. In particular, the new $400M progressive ownership scheme, which requires a low, five per cent deposit so you can avail of Government-backed loans and grants. This will enable you to purchase properties with a low investment, renovate and upgrade these properties, flip it, and sell it after one year, instead of 3 years, as previously stipulated.

The property market is continuously growing – so it’s always a prime investment. It’s a win-win situation, really. You invest money on buying properties, improving them, and then putting them on the market. Real estate is one of the most profitable business around. It’s high time for you to enter into this endeavor.

Why You Should Renovate and Rebuild

Investing in real estate is a very lucrative business. Properties – especially land – only go up as time goes by. However, the house or building goes through wear and tear. Roofs start leaking, tiles start getting mould, wooden walls begin to rot, some even get infestation. These are just a few of the reasons why should you renovate and rebuild.

Firstly, renovations improve your real estate assets, giving you more leverage when the time comes for you to sell that house or building. Improvements in your edifice increase the value of your property and will attract more buyers. You can then up the price so you gain more profits, especially when you have great results with your property renovations.

Secondly, renovations spruce up your house or building. If you’re looking to rent out your property, then it’s important to renovate and enhance your properties. This will make it more appealing to potential renters.

Why Maintain To Profit Renovations?

Maintain To Profit Renovations is your one-stop solution to all renovations, remodeling, and rebuilding. Whether you want to completely renovate your entire home or you are just looking to renovate a small section such as a bathroom or kitchen, we can help!

Our service spans all the way from the initial design ideas and concepts to seeing the project through by managing the process for you. Our team of specialised Master Builders are there to help, ensuring a seamless and stress free project for you that meets your budget.

At Maintain To Profit Renovations, our goal is to help you make the most of your investment by renovations or sub-developing. Buyers abound, looking for choice properties to purchase. Whether you cater to homeowners or businessowners, you stand to gain much profits from your property, especially if you develop your property into something worth buying.

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