Stylish Fully-Renovated House in Three Kings!

Stylish Fully-Renovated House in Three Kings!
Maintain to Profit Auckland has done it again! They have successfully completed a full house renovation in Three Kings, which resulted in a fresh stunning transformation. When you start a new full house remodeling project, you need to hire people whom you will give you honest feedback. In short, you need to hire people you trust. Full house renovations allow you to customise your home according to your taste and preference. This is the perfect opportunity to create your dream home and make it a space you would want to live in for many years. Maintain to Profit Auckland experience in providing affordable full house renovation across Auckland will allow you to understand better the main benefits of investing your money into high-quality home improvement services. Check out these top three reasons why this full house renovation in Three Kings is a total fab: 1.Increased Home Value From a new fresh coat of paints to lighting fixtures, the house is transformed into a whole new look. From attractive colour palettes and classic designs, Maintain to Profit Auckland has drastically improved the value of the home by modernising the interior, refreshing the exterior, and reliving the once a lifeless house. Whether your home is outdated or run down, implementing retouches can drastically improve the perceived value of your home for years to come. 2.Maximised Space Homes can get cramped over time, resulting in the space looking small and outdated. At Maintain to Profit Auckland, they know what it takes to uplift the cluttered spaces of the house to maximise the area. They carefully selected the right colour scheme and altered...

Did you DIY during lockdown

You might have been inspired to create your own home office space or to finally finish some of those jobs you have been meaning to get around to at home. We would love to see your handy work! In fact, we would love to see it so much that we are offering Mitre 10 vouchers as a prize for the best effort. Share your project with us and be in the draw to win… 1st Prize: $500 Mitre 10 Voucher 2nd Prize: $250 Mitre 10 Voucher 3rd Prize: $100 Mitre 10 Voucher To enter, all you need to do is post Before and After photos of your project explaining why you decided to undertake the project to our Facebook Page. The nitty gritty: As a right of entry you consent to Maintain To Profit using your images for marketing purposes on Facebook, our website and in our newsletter.  Judges decision is final. All entries must be received by 31st May 2020. The winners announced on Facebook in the first week of June. Can You Do Better Than Our Tradies? The Maintain To Profit team have been taking advantage of the great weather and completing some DIY jobs of our own. Are your DIY efforts better than ours? Or maybe we inspired you to complete a job… Ramin from our South Auckland branch built a new bed… check it out here. Dean from the North Shore has been painting up a storm… check it out here. The West Auckland team converted a Garage into a new living space… check it out here. Can you do better? Show us your handy...

How To Comfortably Work From Home

As many offices are still shut all over the country (and the world), a lot of us are dipping our toes into the waters of working from home. Despite the worry of the global pandemic, working from home sounds pretty great, right? After all, there is a super short commute to the “office”, you can work in your pyjamas and the fridge is just down the hall. But, once you get stuck into it, you start to discover that working from home is nothing like working at your desk in the office. The set up isn’t the same and the distraction level is huge! So, what can you do? Well, Maintain To Profit have all the best ways that you can create the ultimate office setup from home. After all, many of us will be working from home long term now. Why You Need A Home Office At the beginning of the lockdown period, the dining table might have been a great spot to work. Possibly because it was the only spare space in the house. But as the weeks stretch on, you start to realise the drawbacks. It’s noisy, you get interrupted all-the-time, and it is not ergonomically friendly. There is even the potential it is giving you a sore back or a sore neck. You need a proper office space. Because you can’t transport your corporate workspace to your home, it is time to recreate it… but make it better! That way, you can work efficiently from the comfort of your house without any of the risks to your health and wellbeing.   Creating The Perfect Home...

Renovating On A Budget

Renovating On A Budget
So you’ve moved in to your new home and are champing at the bit to pull out the kitchen, bathroom, rip up the carpet and swap out those tired light fittings. It’s easy for the excitement and enthusiasm to get the better of you as you rush to turn a tired old property into a modern masterpiece. But no one experienced home renovator says it’s best to take time out and carefully plan what needs to be done, as opposed to what you assumeshould be done and to look at all the options before spending more than you need to. Mark Trafford of Maintain To Profit has been investing in and renovating property in both the UK and from his current home on Auckland’s North Shore for more than 25 years. “If you are renovating your own home and you are planning to stay there for some time then wha’s the rush?” says Mark. “I know some home owners who have spent 10 years getting their home just how they want it – one room at a time as they got the money.” His advice is to live with what you have for a little while and see if the kitchen or bathroom can be remodelled rather than replaced. “That’s the cheapest, most cost effective option,” he says. “You can even spray kitchen doors and bathroom cabinets,” he says. But you are best doing the work in stages and planning it out over a few years starting with the most important rooms first. While the kitchen and bathroom are often first port of callfor a rip-out and replace job,...

How To Renovate For Profit

How To Renovate For Profit
Tip 1: Focus On The Right Areas While you might love the idea of a basement wine cellar, not everyone will. So, focus on the main areas of the home that are going to add value. Traditionally these are the kitchen, bathrooms, living spaces and outdoor areas. These are the spaces that people spend the most time in, while at home. They are also the spaces that catch people’s eye when they are finished well… or turn them away if they are rundown! Dedicate your budget to key areas of the home that are going to show you a good return. Tip 2: Have a Budget… And Stick To It It can be very easy to get carried away when you are renovating. Reign yourself in by setting a realistic budget for the project. Plan out what you want to achieve and how much it is going to cost you to complete each aspect. Remember that it is all well and good to have a budget. But, you then need to stick to that budget to make it effective! Think practically about each purchasing decision you make to ensure you don’t overcapitalise and can make a good return on your investment. Tip 3: Shop Wisely Hand-cut antique stone might be an attractive feature, but it is going to cost you more than you can ever expect to get back. Whereas tiles, laminate flooring, glass splashbacks or good old carpet are much more budget-friendly. You don’t need to be overly frugal and buy the cheapest option for everything as you still need to consider quality. But, make wise choices that...

More bang for bathroom buck

More bang for bathroom buck
Whether you’re looking to rent out and see your investment grow, or flip a property quickly and move on, be assured tenants and buyers will be looking closely at the quality of the bathroom. “The bathroom is a major touchpoint for people looking to rent or buy homes,” says Maintain To Profit operations Director Dean Larritt. “You don’t need to spend too much, but they do need to be done well.” First and foremost, says Larritt, always put a bath in when there is space. “A bath is ideal for families, and a shower over bath is a handy space saving option that can make life easier with young children,” he says. “Just make sure you aren’t using one on an external wall with a window as this will increase the maintenance cycle.” Larritt says that bathroom suites can come quite cheap these days, but suggests always buying branded vanity and tapware, like Methven. “Then if you do have a part failure, it’s easy to replace.” If you are fitting a separate shower, Larritt recommends a fully sealed enclosed unit if it’s for a rental, and to have it installed by an accredited shower fitter. “It will reduce maintenance, but only if it’s done right. An accredited installation should come with a three to five-year warranty.” Larritt notes that moisture is a major issue in bathrooms, so if you are renting, then installing a shower dome can pay dividends. He also says it’s vital to install an extractor fan. “Make sure the power is attached to the light switch with a timer to start after a minute and an over-run....

Effective networking tips for property investors

Effective networking tips for property investors
The following article was first published by the Auckland Property Investors’ Association Incorporated on 16 July 2017 and is reproduced with permission below. Most investors understand that to become successful, you must network.  But so often networking gets cast aside as one of those tedious and dreadful tasks that are somehow less important than buying properties, vetting tenants, and adding value.  For the eternally-shy amongst us, networking is daunting, uncomfortable, and inauthentic.  For the ever effervescent energy balls, enthusiasm can quickly fizzle out when acquaintances fail to develop into meaningful relationships.  Nevertheless, we contend that networking is a fundamental pillar of investment success.  In fact, we believe in networking so much so that we have built our entire business model on promoting networking opportunities for private investors. Many of us don’t realise that there is networking and then there is effective networking.  The former gets you out of the house to talk to strangers, the latter builds the foundation for strong business relationships and opportunities.  Investor, property entrepreneur, and author of How to grow your business through networking, Mark Trafford points out that so many of his successes are down to being an active and strategic networker.  “Your network is your investment mastermind that will inspire your growth and help you out in sticky situations.  When you come along to a networking event, you are being invited to tap into this communal vat of knowledge and experience so why would you pass that up by standing on the sideline?”  There is so much more to effective networking than just showing up.  “So often I see investors keeping to themselves...

Renovate a kitchen for profit

Renovate a kitchen for profit
At every party, no matter what size the crowd, there’s always a second mini- gathering happening in the kitchen. That’s because kitchens are magnetic: they draw us in, bring us together and create a sense of home and family. Get the kitchen right in a house and you make it exponentially more appealing and liveable.  “Think!” says Mark Trafford, owner of Maintain To Profit. “Don’t just go in all guns blazing. Don’t get personal about it.  You need to put in the right kitchen for the right tenants.” The first step is considering your target market. A million-dollar house will need a smart kitchen to attract a high rent. A house at the bottom of the market won’t need such a fancy kitchen. It’s also vital to consider your time-frames. Are you doing up the kitchen to sell the house? If so, you might be less concerned about longevity of the finishes. But if you’re going to own it for another 10 years, choosing cut-price finishes could be shooting yourself in the foot. “Do you see it as an expense or an investment? If you see it as an expense you’re going to spend as little as possible, but if you see it as an investment, it’s not a lot of money to get lasting finishes,” says Nelson Tkatch, owner of Kitchenmakeover.co.nz. He says he sees people taking the cheap option and finding themselves having to do the job again a few years later, spending more than if they’d done it properly the first time. Take a hard look at the kitchen – how bad is it? Does it...

How to raise the rent by 10%

How to raise the rent by 10%
This article is curtesy of NZ Property Investor Magazine. RENOVATIONS SHOULD ADD VALUE.  The reality is if you’re running your property investments as a business, renovations need to bring in a higher weekly rent, or money isn’t being well spent. Well-chosen renovations can add 10 per cent or more to the weekly rent.  Others, however, cost an arm and a leg but only add value on paper, not the rent itself. In order to raise the rent, a renovation must deliver tangible value to your tenant – no surprises then that almost every expert we spoke to said the top renovation is adding bedrooms. A three-bedroom property, for example, will rent for more than a two-bedroom, even if the footprint is the identical size. That’s because renters either want to put more people in the house or would like to use the extra bedroom as a study or media room. THE EXTRA BEDROOM Depending on location an extra bedroom can add $100 to $150 a week, which on a $400 or $500 a week rental is a significant improvement to the yield. The cost of an extra bedroom can range quite literally from $2,000 for a simple dividing wall to a $200,000 extension on a difficult site. Consequently, investors really need to do their homework before buying. Mark Trafford, director of Maintain To Profit says the cheapest way to add an extra bedroom is to choose a property where part of the living area can be walled off to become another bedroom. A simple dividing wall and door costs from $2,000 Trafford says. “If you are adding a dividing...

New laws around property investment deposits

New laws around property investment deposits
West Auckland Property Management (WAPM) has curiously watched ANZ, ASB, BNZ, Westpac and Kiwkbank hit the fast forward button. According to Scoop.co.nz, all five of the country’s leading retail banks have acted early to introduce restrictions on lending to property investors as part of the Reserve Bank’s bid to slow the heated housing market. Last month, the central bank said it intended to have the new lending restrictions that required property investors to have at least a 40% deposit for loans in force by Sept. 1, asking lenders to comply with the spirit of the new regulations immediately. What are the new regulations to be enforced on September 1? Investors: • Restrictions for investor lending extended from nationwide from Auckland only • Banks will be forced to require a 40 per cent deposit – up from 30% – for at least 95% of the loans they make in this area. Home buyers: • Restrictions for owner-occupier lending extended from Auckland to nationwide. • Required deposit level remains at 20% for at least 90% of bank lending. ASB said existing approvals and pre-approvals above the new 60% loan to value ratio would be honoured until their documented expiry date, while BNZ said “all investor home lending applications from today will require a 40% deposit.” ANZ, the country’s biggest lender, said it would extend the maximum loan to value ratio of 60% for property investors across New Zealand. The bank had previously only required a 30% deposit in Auckland. The bank said it intends to honour all existing pre-approvals, but any renewals will be subject to the new policy. How does...