We share our observations on the best Auckland suburbs to buy a rental property, plus the features tenants are looking for in a rental. Find out more now.
It’s time to do your due diligence and investigate the best Auckland suburbs to buy a rental property. Awesome! As property managers, we work with landlords and tenants every day. We see which properties are easy to rent, the ones which give their owners a great ROI and the suburbs which are popular with tenants. Today we thought we’d share this knowledge with you, to help you in your decision-making process in narrowing down which are the best Auckland suburbs to buy a rental property and which tenants prefer to live in.
Tips on Considering Which Auckland Suburbs to Buy a Rental Property
A key factor when deciding where to purchase a rental, is identifying the Auckland suburbs tenants prefer to live within. Often this matches perfectly with the suburbs landlords prefer to live in, but not always.
Our article Buying an Auckland Investment Property – 5 Tips on Picking the Right One, shares five key aspects you need to tick off before putting an offer in on a rental. They are:
- Location – it’s crucial that you identify which are the best Auckland suburbs to buy a rental property in. After all, if you select one in which tenants don’t want to live, there’s a high chance of it remaining empty or obtaining a lower rent. Consider the local community facilities and access to transport too. We find the main suburbs we manage properties within (Remuera, North Shore, Hibiscus Coast and Albany) are popular with tenants.
- Inspection – be certain to do your due diligence by having a property inspection done before purchasing.
- Rental return – if the amount of rent you will receive, combined with the potential for a rise in equity is positive, then that’s usually a good sign.
- Features desired by tenants – tenants prefer low maintenance, easy care, well-maintained rentals. Features such as outdoor entertainment areas, off-street parking, and a modern kitchen and bathroom are always thought of well.
- Property management organised – the last thing you want to worry about is the day to day management of your rental. Let us do that for you!
We can only make suggestions about which are the best Auckland suburbs to purchase rentals within based upon our observations. However we do know what tenants are looking for in a rental! We’re more than happy to have a chat with you about the property features tenants desire, to help you pick the best rental to purchase. We’ll also share with you why our property management services are awesome too! Get in touch with our team today.
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