Do you need to save for large capital expenditure items to be completed on your investment property e.g. replacement of gutters, painting of external woodwork, new carpet, upgrading your appliances etc.? We can help by setting up a capital works fund just for you. Not only will this help you plan for major works to ensure your asset is well maintained, it also assists in reducing the burden of paying those large bills for …
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An investment property is often one of the biggest assets a person will own in their lifetime. Most will agree that the reason for owning an investment property is to increase our wealth and to provide long term security for ourselves and our family. When owing an investment property we should be working towards two types of returns: Long term return or capital gain (increased …
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When leasing out your property, please ensure that you disclose any necessary information that may affect your tenants. Please familiarise yourself with these questions asked in a managing agency agreement. Has the property been subject to flooding or bushfire in the proceeding five years?
Continue readingFitzpatricks Real Estate is pleased to announce the release of the Fitzpatricks Report for the 2013 financial year. Released annually, it is the only full and comprehensive report primarily aimed at providing you with the latest Wagga Wagga market data and knowledge to help you identify where potential real estate growth exists, including comparable data from NSW and capital cities.
Continue readingIt can be tempting to ignore maintenance – why fix something that isn’t broken? But when an air-conditioning unit breaks down, you can discover the hard way that maintenance is never wasted! Not only is there the immediate repair bill for the unit itself, there are the costs of repairing water damage to roof, plaster and carpet, which can leave a big hole in the …
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