Article by Connor Tait
2 min read
Are you ready to take your investment to the next level? Upgrading your current asset can bring substantial financial benefits. Here’s how:
Leveraging Equity Using the equity in your current investment property can be a powerful tool. Equity is the difference between your property's market value and the remaining balance on your mortgage. By refinancing your mortgage, you can access this equity to fund the purchase of a more valuable property, making your money work harder for you.
Strategic Renovations Renovations can significantly increase your property’s market value and rental yield. Simple updates like modernising kitchens and bathrooms, adding energy-efficient appliances, or improving kerb appeal can attract higher-paying tenants or buyers. However, it’s crucial to balance the cost of renovations with the expected increase in property value.
Market Timing The real estate market is constantly changing. By keeping an eye on market trends, you can identify the best times to sell and upgrade. Tait Real Estate can provide market insights and timing strategies to help you make informed decisions.
Expert Guidance Navigating the process of upgrading your investment property can be complex. At Tait Real Estate, we offer expert guidance to help you maximise your returns. Our agency can assist with everything from property appraisals and market analysis to finding and securing your next investment. Reach out for a no-obligation consultation and see how you can benefit from an upgrade.