Whether you are thinking of renting out your home, reviewing an existing investment or considering a change of property manager, a rental appraisal is a useful place to start. Penny Shanks and the Ray White Te Anau property management team can discuss your property and the local rental market with you.
A rental appraisal is an informed estimate of the rent a property may achieve in the current market. It is not a guarantee of rent, occupancy or investment return. The right figure depends on the property and the circumstances at the time, so an appraisal is most useful when considered alongside your wider plans and costs.
We can consider the property’s location, size, layout, condition, heating, outdoor space and other features, together with comparable properties and current market conditions. Properties that look similar online may differ in ways that matter to tenants. It is useful to distinguish advertised asking rents from rents actually achieved and to check the period and area any comparison covers.
Tell us about your property and what you would like to achieve using the form below. Our team can contact you to discuss its features, your timing and the information needed to prepare an appraisal. This is also an opportunity to ask about our property management service, how we communicate with owners and the costs involved.
Rental income is only part of the picture. Consider your mortgage, insurance, rates, maintenance, management costs and the possibility of periods without a tenant when assessing your investment. A gross yield calculation does not include all of these expenses; your accountant or financial adviser can help you assess your circumstances.
Complete the rental appraisal enquiry below or call Ray White Te Anau on 03 249 8989. You can also learn more about Penny or read about our property management service.