Recently several people have been asking me whether an investor should air-condition their residential investment property.
If your goal is to have a high yielding long term investment property then the answer is YES! You must have air-conditioning in the living areas and the bedrooms which are going to be occupied – especially if it’s in the western suburbs of Brisbane (Chapel Hill, Kenmore, Fig Tree Pocket, Kenmore Hills, Pullenvale, Brookfield – you get the drift!)as it gets very hot around here.
If your rental property is in a particular place, perhaps riverfront or in a particularly cool position then perhaps you don’t need it but in most cases you really will require air-conditioning. There are several benefits in having air-conditioning in your investment property.
1. You’ll keep your tenants from getting hot under the collar! They will generally stay longer which will minimise any vacancy period on your property.
2. Air-conditioning could be a tax deduction and possibly an item your accountant could depreciate over time.
These factors will assist you if your goal is to have a high yielding long term property investment in Brisbane’s western suburbs.
Ray White Metro West is a full service real estate agency servicing Brisbane’s Western Suburbs of Chapel Hill, Fig Tree Pocket, Kenmore, Kenmore Hills, Moggill, Bellbowrie, Brookfield, Pullenvale and surrounding suburbs.
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