Why get a rental appraisal?
If you own the property, a rental appraisal will ensure that you've set the weekly rent at the best possible level to maximise your returns in a sustainable way. Set the rent too high and you'll struggle to find or retain good tenants, but set the rent too low and you'll be missing out on the best returns!
Your independent team of Crockers experts have their finger on the pulse in your local area, and can inform you how much rent can be charged in your neighbourhood - taking into account the particulars of your property, other homes in the area, amenities and other factors.
If you don't own the property yet and are considering what or where to buy, a rental appraisal can still be extremely valuable! Knowing the returns you might be able to get for a particular property can help you compare it to others you might be looking at, as well as helping you decide how much to borrow and the affordability of repayments.
And if you're looking to obtain finance to buy an untenanted property, then an up-to-date rental appraisal can assist in your conversation with the bank, in the absence of a signed tenancy agreement.
When should you get a rental appraisal?
Take one look at the news and you'll know just how fast the property market moves in New Zealand, especially in Auckland! With changes in both property values AND weekly rents happening so rapidly, it's important to be as up to date as possible.
When setting your weekly rent or assessing properties/calculating finance, we recommend having a rental appraisal that is no more than six months old.
Are there any fish hooks?
None at all! Crockers are providing you with an independent appraisal - we're not your real estate agent, who might be tempted to bump up the rental estimate for their own purposes. The appraisal is provided free of charge and with no obligations whatsoever. Just complete the form above and we'll email it to you directly.