Thank you for using Neighbourly
Not everyone chooses to sell their current home when they decide to move on. Sometimes, it’s not even an option. If you’re looking to hang on to your personal home and turn it into a rental, there are a few things to consider first.
1. Wear and tear
This is perhaps the biggest thing … View moreNot everyone chooses to sell their current home when they decide to move on. Sometimes, it’s not even an option. If you’re looking to hang on to your personal home and turn it into a rental, there are a few things to consider first.
1. Wear and tear
This is perhaps the biggest thing homeowners need to know. As a rental, your personal home will experience more wear and tear than it otherwise would if you lived in it. Your garden will probably not look as immaculate as it once did, and your walls and floors may acquire new scuff marks. So, if you can’t shake off your emotional attachment to the property, you may be better off selling it rather than renting it.
2. Location
The location of your home can have a major impact on its rentability and how easy it is to find quality tenants. If you’re close to local amenities like schools, Waikato University, Waikato Hospital or public transport routes, you have a better chance of keeping your property tenanted.
3. Maintenance
If your home is high maintenance - perhaps it has a pool, a large garden, or old appliances - know that you’ll need to keep it maintained to a reasonable condition to meet your obligations as a landlord/owner. This may involve extra ongoing costs, or costs to remedy the amount of maintenance required.
4. Family homes do best
In Hamilton, family-sized homes do particularly well on the rental market. Four-bedroom houses in Hamilton fetch, on average, between $450 and $520 per week. As for the strongest performing suburbs, Hamilton East/University, Te Kowhai/St Andrews/Queenwood, Dinsdale South/Frankton, Dinsdale North/Nawton and Flagstaff/Rototuna have recently experienced the strongest rental growth for family-sized properties with three to five (or more) bedrooms.
5. Landlord responsibilities
When you turn your personal home into a rental, you will take on the mantle of landlord, which comes with its own set of responsibilities. This includes finding and screening tenants, conducting or arranging inspections, repairs and maintenance. It’s a lot to manage—especially if you’re no longer living in the region. It’s why so many investors hire professional property managers to take care of the day-to-day running of their properties. Moreover, their fees are tax deductible.
Important note: If you’re leaving the country for more than 21 days, you’ll need to either appoint someone as your landlord in your stead or hire a property manager.
6. Tax implications
If you turn your home into a residential investment, be aware that you may not be able to make tax claims against it. It always pays to talk to a professional accountant to make sure you set up your home-turned-rental properly to avoid issues with tax, ownership and debt allocation.
Are you interested in having someone help you with your goals or your child’s?
I can help achieve this.
Planning encourages us to think about the future, what we want to do and how we will get there.
Description of a P.A.T.H
The process ideally involves two facilitators – one to … View moreAre you interested in having someone help you with your goals or your child’s?
I can help achieve this.
Planning encourages us to think about the future, what we want to do and how we will get there.
Description of a P.A.T.H
The process ideally involves two facilitators – one to graphically illustrate your thinking; the other to write down your thoughts.
You might choose a PATH for
employment
further education
other opportunities to grow and develop.
I can also create a PATH for your child. I work with children 10 years old and upwards.
If you would like to discuss this further or book a time for me to facilitate a PATH please contact me on 021711767
Let’s hear it for the amazing Fire and Emergency volunteers who help keep our communities safe.
This National Volunteer Week, head to the LetsHearIt landing page on Neighbourly and share a few words about why you’re thankful for what our volunteers do to keep our communities safe. We’ll … View moreLet’s hear it for the amazing Fire and Emergency volunteers who help keep our communities safe.
This National Volunteer Week, head to the LetsHearIt landing page on Neighbourly and share a few words about why you’re thankful for what our volunteers do to keep our communities safe. We’ll make sure they hear your message loud and clear.
Knowing how much we value their sacrifices is part of what keeps Fire and Emergency New Zealand volunteers going. Thank you for letting them know how grateful you are for everything they do.
Hi All!!
I'm no prude when it comes to driving and/or riding so I was taken aback when I thought to myself that a posted speed limit was excessive.
Although I rarely travel this road there are a lot of people that this will have an impact on and so I thought I'd raise this potential… View moreHi All!!
I'm no prude when it comes to driving and/or riding so I was taken aback when I thought to myself that a posted speed limit was excessive.
Although I rarely travel this road there are a lot of people that this will have an impact on and so I thought I'd raise this potential concern to see if anyone else feels the same and if so then to possibly initiate a change.
The section of road that I believe has an excessive speed limit is Koromatua Rd between Tuhikaramea Rd and somewhere after Barrett Rd. It is posted as 80Km and has a high pedestrian concentration with little or no safety devices ie barriers between the road and footpath as well as a school that essentially opens out right onto the road.
Please share your thoughts if this is relevant to you or someone you know.
Cheers, Dave
Starting at 8:30 am at 110B Galloway Street.Hamilton East. Back House, please park on the road.
For Sale includes TV Cabinet $20; Metal Letter Box $25; Wooden Coffee table $10; Books asst Heater $20
Wire Folding Pet cage $15 Cubed shelving (white) $30
Asst glasses & … View moreStarting at 8:30 am at 110B Galloway Street.Hamilton East. Back House, please park on the road.
For Sale includes TV Cabinet $20; Metal Letter Box $25; Wooden Coffee table $10; Books asst Heater $20
Wire Folding Pet cage $15 Cubed shelving (white) $30
Asst glasses & Crockery asst $'s; House hold Bric -a- Brac ; Women's clothing (S)
Wooden Stools 2 for $30 and many other bargains
As more and more of us try to do our bit for the environment, we'd love to hear what habits you've changed.
Have you gone off-grid? Found a way to create an environmentally home? Maybe you've given something up or swapped it for a greener alternative...? … View moreAs more and more of us try to do our bit for the environment, we'd love to hear what habits you've changed.
Have you gone off-grid? Found a way to create an environmentally home? Maybe you've given something up or swapped it for a greener alternative...? Click here to share your eco tips, tricks and experiences and we'll publish a selection of the best.
Tourists arriving in New Zealand may soon have to pay to enter the country under a Government proposed international visitor levy.
The proposal would impact international visitors entering New Zealand for 12 months or less and would be at a rate between $25 to $35.
Do you think international… View moreTourists arriving in New Zealand may soon have to pay to enter the country under a Government proposed international visitor levy.
The proposal would impact international visitors entering New Zealand for 12 months or less and would be at a rate between $25 to $35.
Do you think international visitors should be charged a levy to enter New Zealand?
Does your community group help families and young people in your local area and need of more funds to support the great work you do? Your local The Warehouse store is now calling for applications to become a partner for our Customer Choice ‘Bags for good’ Programme. In the last financial year … View moreDoes your community group help families and young people in your local area and need of more funds to support the great work you do? Your local The Warehouse store is now calling for applications to become a partner for our Customer Choice ‘Bags for good’ Programme. In the last financial year over $529,000 was raised for 279 community partners across NZ. Curious? For more information or begin the application click here.
Applications close on the 23rd of June.
I imagine,like me, there are a lot of happy Hamilton press readers out there very happy to see the crossword puzzle back. Big thank you to Summerset down the Lane and Summerset Rototuna for their sponsorship and of course Hamilton Press.
The Pacific nation of Kiribati is facing a growing number of challenges. But Wintec is there on the…
Personal trainer Alison Storey's weekly column, Storey on Sport, answers your questions on fitness a…
Hello,
If anybody is interested to get a website developed for very cheap rate for their business,shop ,etc. then I can do it for just $199 onwards (Negotiable)
Normally the bigger companies will charge at least $499 for this.
I am looking for some small projects for my CV as I am a student.
… View moreHello,
If anybody is interested to get a website developed for very cheap rate for their business,shop ,etc. then I can do it for just $199 onwards (Negotiable)
Normally the bigger companies will charge at least $499 for this.
I am looking for some small projects for my CV as I am a student.
For a free quote, Contact me on : 0272453153
Resene has just released the latest Habitat plus, full of inspiring ideas to help you bring out the best in your home with wallpaper. Pick up your FREE copy at your local Resene ColorShop. Make sure you view the extensive wallpaper library while you're in store; there's something to suit … View moreResene has just released the latest Habitat plus, full of inspiring ideas to help you bring out the best in your home with wallpaper. Pick up your FREE copy at your local Resene ColorShop. Make sure you view the extensive wallpaper library while you're in store; there's something to suit all tastes from neutral to bold, pattern to texture, fun to traditional, striped to botanical.
Door opens at 8:30am not before; at 110B Galloway Street, Hamilton East. BACK House, please park on the road.
Includes TV Cabinet; Wooden Stools X 2; Assorted books; Women's clothing (small); Folding Pet Cage; Casio Keyboard; Household Bric- a- Brac incl Glassware and Crystal.
© Neighbourly 2024
Loading…
