Do I Need To Appraise My Investment Property?

Wondering whether or not to get a property appraisal? The short answer is, YES. Every investor always keeps tabs on his or her investment to ensure they get the biggest bang for their buck. The same applies to your investment property. An updated appraisal on your investment will help to gain a better understanding of how much your property is worth today, and can help determine the potential return on a given investment property.

You may think that rental appraisals are only completed while evaluating a potential deal, but that is not always the case. As an investor, you should seek to appraise existing investment properties for a number of reasons, one of which is because your investment property appraisal can give you an idea of how much the market has appreciated. Because of this, it is a good idea to request a property appraisal every 6 to 12 months.

Market rents in the Manawatu-Whanganui have increased by about 10% in the last 12 months. Even a small increase of $20 per week is $1,000 per year, which can help you towards your goals or even help your day-to-day budget.

For those wondering about the property appraisal cost, some real estate agencies charge a fee, however at Watson Integrity, we offer complete no-obligation and Free property rental appraisals.

Ready to maximise your investment?

Contact us today for a free, no-obligation rental appraisal.