Consider tenant appeal of your real estate investment
When you plan your New Zealand real estate investment, one of the most important things to consider is how your property will appeal to prospective tenants.
After all, finding reliable tenants is essential for securing your rental income, so you will need to consider what will draw them into your property.
Proximity to good transport links, including cycling paths, is one important consideration – and thanks to the opening of the central city link cycling path in Auckland, more properties than ever before offer eco-friendly access to the city centre.
During the weekend of September 7, the stretch of pathway connecting Upper Queen Street Grafton Gully and Beach Road was opened by Prime Minister John Key and Auckland Mayor Len Brown.
According to Mr Brown, the new connection represents a "huge advance" for local cyclists and opens up a range of new commuting options for Auckland residents.
The latest path development connects the existing Northwestern cycleway in Auckland with the city centre.
When the entire cycle pathway system in Auckland is completed, residents throughout the city will be able to access nearly 1,000 km of cycleways, which offer a safe alternative to sharing the roads with motorists.
If you aren't sure where to start when considering your real estate investment, the right advice is crucial. Although you need to think about your property in terms of its appeal to tenants, you also need to ensure that you make your investment decisions by following your head, rather than your heart.
An experienced New Zealand real estate investment adviser can help remove the emotions from your investment decisions and help give you the tools you need to make smart choices about your property.
Your trusted adviser can also walk you through every step of choosing an investment property that works for your specific financial situation.
Here's to your financial independence!
Authorised Financial Adviser / Investment Property Expert