Wagga Wagga Blog

Investing in a house with low maintenance yards and surroundings offers numerous advantages and considerations. Firstly, such a property is ideal for tenants who lead busy lives and have limited time to dedicate to yard maintenance. By providing a house with easy-to-manage gardens and lawns, landlords can alleviate the burden on tenants and ensure that the property remains well-kept without requiring significant effort from the tenants themselves.

From the perspective of a property manager, it is essential to consider the practicality of maintaining an investment property. Opting for a house with a large outside area or extensive landscaping can be daunting, as it increases the likelihood of issues arising and demanding more attention and resources. These features are often associated with "forever homes" rather than rental properties, making them less suitable for tenants and potentially complicating the management process.

Additionally, investing in a brand-new home poses its own challenges. While it may initially seem appealing, it is crucial to exercise caution when selecting tenants for such properties. Handing over a pristine, brand-new home carries the risk of potential damage or wear and tear, which could detract from its original state. This consideration underscores the importance of carefully screening potential tenants to mitigate the risk of potential damage and protect the property's value.

Furthermore, the location of the investment property is a vital factor to consider. While a better location generally translates to higher rental income, it also means a higher purchase price. It is important to strike a balance between rental potential and affordability to maximize returns while maintaining a wide pool of potential tenants. Setting the rent too high may limit the number of eligible applicants, thereby prolonging the vacancy period and resulting in a loss of rental income for the investor.

In summary, investing in a house with low maintenance yards and surroundings provides numerous benefits. It caters to the needs of busy tenants who prefer not to spend their free time tending to extensive outdoor areas. Choosing a property that requires minimal upkeep also eases the management process for property managers. Additionally, while a brand-new home may seem appealing, caution must be exercised to select suitable tenants who will maintain the property's condition. Lastly, carefully considering the location and balancing rental potential with affordability is crucial to attract a wide range of potential tenants and maximize returns on the investment.

Property Management Team