With the end of the financial year fast approaching, it may be time to consider whether your property needs any capital improvements. All properties from time to time will need new carpet, paint or appliances. It is important to budget for the replacement of these items at least once every five years, or in accordance with your depreciation schedule or accountants advice.
Well kept properties will be more attractive to tenants, resulting in higher rents and minimized vacancy periods.
Properties that are maintained to a high standard will also appreciate in sales value more quickly than properties that are let to deteriorate and depreciate.
Please contact your property manager for if you require any work to be carried out.
Fitzpatricks
Established in 1950 by the late Geoff Fitzpatrick. We strive for excellence in our field, we aim to provide the best real estate service to the people of Wagga Wagga, embracing the highest standards of expertise, professionalism and integrity.