Getting Growth: Maximising Your Returns


So you’ve made the leap and bought your first investment property, but what’s the next step? You want to find the right tenants to rent your property, and make sure the house they’re in doesn’t decrease in value over time. But how do you do that?

It Pays to Advertise
 
It’s easy to be put off by high advertising costs, especially in the digital age when there’s dozens of free avenues to promote your property. The problem is these same avenues are open to everyone, so it’s hard to stand out from the crowd. If you pay a little more for advertising at the start, you’re likely to attract more tenants to your property to maximise the rental price, easily covering any initial expense.
 
Advertising-Media-Photo.jpeg

 
Keep Up to Date
 
Once you’ve got a tenant, don’t just assume your property will stay in perfect shape without any maintenance. If and when your tenants move out, use this as a chance to get some renovations or updates done before securing a new renter. This way you can ensure your property still has the same appeal it did when you first bought it.
 
Maintenance.jpg

 
Follow the Market
 
When it eventually comes time to cash up and sell your investment on, you want to know what’s the best price you can expect. This is where it’s important to keep track of your area, and you can take advantage of our free quarterly reports to show you the market’s ups and downs, and let you know when’s the best time to sell.
 
55f7699b7cd719ab5d004058.jpeg

You can always check in with our Property Management Department for our expert advice on how best to manage your investment, or talk with any of our agents to see about selling. Whatever you’re looking for, we’re here to help.

More on The Blog

Making Bank: Saving for the Future

Making Bank: Saving for the Future

As we move into the selling season for the year, it seems like everyone is looking for their next...
Making the Most of 2017

Making the Most of 2017

To say 2016 was a year of surprises is an understatement, but that doesn't mean we can't predict ...
The House Price Boom: Where Are We Going?

The House Price Boom: Where Are We Going?

House prices have been steadily growing for a while now, but surely this can’t keep going forever...