News

Is it time to take action with a facelift?

By Tash Johns

All properties from time to time will require new carpet, a fresh coat of paint, or appliances replaced (sometimes all three at once, plus more).

It is considered best practice when owning an investment property to upgrade the fixtures and fittings every 5-7 years, or in accordance with your depreciation schedule for tax-saving purposes and your accountant’s advice.

In addition to the tax saving benefits, well-maintained properties will also, be more popular and attractive, resulting in a better quality selection of tenants, higher rents, minimised vacancy periods, and maximised long-term capital growth sale values in comparison to properties that are left unkept (with no facelift) to deteriorate, depreciate and look old.

Up to Date

Latest News

  • Is renovating your property worth it?

    With the current financial relief of accessing superannuation, government incentives to renovate as well as the increased emergence of renovation television shows over past years, we are starting to see more property owners choosing to renovate or upgrade their property. The renovation could be an extension to the property, a … Read more

    Read Full Post

  • Common Investor Mistakes to Avoid

    To be successful at property investing you need to be educated, informed, know your numbers, understand the market and always have a backup if something does not go to plan. You also, need to make sure that you avoid the common investor mistakes. To support our investors, we have listed … Read more

    Read Full Post