If you’re thinking about investing in rental real estate, you’re making a good decision. Rental properties can bring in immediate cash flow and provide excellent long-term wealth building opportunities.
The key to earning money on investment properties is doing it properly. You have to know where to invest, what to buy, and how to make good decisions. At Comprende we take a consultative approach to assist clients identify and build an investment portfolio.
Today, we want to talk about why it’s a great idea to invest in the region that we love – Wellington.
Strong Demand for Rental Homes
There’s a strong demand for rental housing in the Wellington Region. As a result, investors who provide an attractive, well-maintained home that’s competitively priced are securing qualified tenants in a timely manner.
When you have the correct Wellington investment property, long vacancy periods or high tenant turnover isn’t a concern. Instead, you can expect competition for your property enabling you because to choose the most suitable tenants while also achieving optimum return on your investment.
Current market conditions create an opportunity to find stable, long-term tenants, which is great for your return on investment. Content and happy tenants can provide you with peace of mind as they are more likely to be long term residents of your investment property.
Low Wellington Inventory
One of the factors feeding the strong tenant demand for quality rental properties is that in Wellington, there’s not a lot of inventory. If you already own a property and you’ve been thinking about renting it out, this is the perfect market to introduce a new home, whether it’s a house in a quiet neighborhood or a townhouse or apartment close to shops and schools.
If you don’t own a property yet and you’d like to buy there are still some great opportunities. You need to know what you are looking for and Comprende can assist you evaluate potential investment properties.
Rental Rates are Climbing
Earning positive cash flow and long-term returns is possible in Wellington rental property. High demand and low inventory has resulted in upward pressure on rental prices. An ongoing lack of attractive, well-maintained homes will maintain this upward pressure on rental costs. The value of your property is also predicted to continue to increase particularly in the most desirable regions of Wellington.
Smart investors know why real estate makes sense. It’s a low-risk, high-reward market, and in Wellington there are opportunities to purchase an investment property that makes financial sense.