Getting the most out of your investment
Investing in property is a
big decision, which is why it is surprising that most landlords don’t regularly
seek a property appraisal.
In fact, leaving a rental
appraisal until the property is vacant could be costing landlords thousands of
dollars per year.
Principal Victor Paz of LJ Hooker Shelley-Willetton says
landlords often left it too late to consider improvements which could add value
to their rental property and, in turn, increase returns.
“Landlords often leave it
until their tenants have moved out to do an appraisal with their property
manager,’’ says Victor.
“The property manager can
identify additions or improvements to the property which could add value and
rental income to the investment.
“However, depending on the
nature of the improvements, it will take time to complete the works – from
sourcing quotes, to finding available tradesmen, completing the works and
cleaning. Value-adding is an investment and it can be disruptive to a
landlord’s revenue stream.
“By conducting an
appraisal while the property is still tenanted it allows landlords to budget
for the proposed additions, source tradesmen or materials required, and then
reduce the amount of time the property will be vacant.’’
Victor said an
appraisal was free, easily organised, and could be completed almost immediately.
“Really, it’s easy to
organise an appraisal and it allows investors to understand the potential of
their investment property.’’
LJ Hooker, Australia’s number one real
estate brand, has launched a competition valued at $30,000 for homeowners who
have their property appraised by their local LJ Hooker office by 31 March 2014.
The prize comprises an impressive $25,000 in cash and a
$5,000 interior design session from leading interior design expert and
myLJHooker ambassador Darren Palmer who is regularly seen on Channel 9’s top
rating show ‘The Block’.
“I love nothing more than uncovering the inner
beauty of someone’s home,” Mr Palmer says.
“I am thrilled to be working with such a trusted
and respected brand such as LJ Hooker and I look forward to the opportunity of
passing on my styling tips and professional advice to the competition winner.”
Mr Palmer said myLJHooker is a world-class, online
property library providing everyone - from seasoned investors to
first-time buyers - with tips and knowledge to realise their real estate
dreams.
"Whether you are a seller wanting to learn
about the process of an auction, a renovator who wants to avoid
over-capitalising, or a first time buyer wanting tips to identify a property
‘lemon’, myLJHooker will provide you with everything you need to know in the
one location," he says.
"It is, without doubt, is the best
property library I have ever seen and will be a valuable resource for
savvy homeowners and investors alike."
For further information, contact:
LJ Hooker Shelley-Willetton
Willetton: 08 9457 9955
Shelley: 08 9354 7773
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