FEATURE ADDING VALUE
Higher interest rates, tighter bank lending conditions, the removal of mortgage interest as a tax deductible expense and the Reserve Bank's loan-to-value (LVR) requirements have made life hard for many.
But while buying new properties is proving more difficult – and serviceability bites when it comes to getting finance – there are ways in which to add value to existing properties while the market conditions are tough. We explore six tips aimed at pumping up the value of your existing portfolio, so you're ready to invest again when that great new opportunity arises.
RECONFIGURE
Experienced engineer and property investor James Goren has reconfigured, renovated and added value to more than 200 investment properties over the past nine years; 180 of them by adding a bedroom. He says it's not impossible to add $100,000 in extra value.
He adds the classic investor will just change the
