A Guide for buying an investment property in Dunedin

Are you thinking of property investment in Dunedin? Real estate is among the popular long-term investment plans throughout New Zealand. So, if you are new to property investments, especially Dunedin real estate investment, don’t worry. You can use this insightful highlight as a guide to your Dunedin property investment. 

Quality

When looking for a Dunedin property that will rent well, you must consider its quality. Ask yourself if the property on the listing is of the highest quality within your price bracket. The best quality investment properties often attract the best tenants and obviously the best rent.

Look for a 2-3 bedroom apartment.

At the moment, most New Zealand residents, and especially those living in Dunedin, seem to lean towards two to three-bedroom apartments. That’s why 2-3 bedroom homes are popular in Dunedin. So, take advantage of this gap and start by purchasing these homes as they will quickly get tenants.

Consult an expert

If you are new, the recommendation will be to hire a local Dunedin investment property expert to help you acknowledge and comprehend the pros and cons of different suburbs. An expert will also take you through properties’ rent appraisals and even attend open homes on your behalf. That’s not all. A Dunedin home consultant will also share and discuss with you the state of the rental market in Dunedin plus the feedback and trends they see with the Dunedin community.

Professional cleaning

Before any tenant moves into your newly acquired Dunedin investment property, ensure you use a professional cleaner’s services. This way, you will be setting a higher standard right from the beginning and therefore attract better tenants who will more likely try to maintain your property’s high standards.

Final Word

Lastly, if you intend on purchasing a property with the aim of tenancy in Dunedin, you must be sure it complies with every section of the current legislation. Following the above guidelines and complying with the current Dunedin legislation will see you successfully purchasing and investing in a property in Dunedin.