Has Your Investment Property Had Its Annual Check-Up Yet?
Just like your car or your health, your investment property deserves a regular check-up. An annual review isn’t just about ticking boxes—it’s about ensuring your property continues to align with your financial goals, remains competitive in the market, and avoids costly surprises down the track.
A proactive approach today can help you maximise your returns tomorrow. So, what should your property’s annual health check include?
Revisit Your Personal Goals
Have your investment goals changed? Maybe you're now planning for early retirement, looking to grow your portfolio, or prioritising cash flow. Reassessing your goals is the first step in making sure your property strategy still works for you. Don’t let your investment drift off course.
Rental Review – Are You Achieving the Best Return?
The rental market is always evolving. Rents may have risen in your area, and your property might be due for an increase.
An annual review of similar properties in the market helps ensure you're achieving a competitive rental return. This is especially important before lease renewals—keeping pace with the market means maximising your income.
Assess the Current Capital Value
Understanding your property’s current market value isn’t just useful—it can unlock opportunities.
You may be sitting on untapped equity that could allow you to purchase another investment or renovate. Or, depending on your strategy, it might be time to consider selling and rebalancing your portfolio.
Property Maintenance & Repairs
Preventative maintenance saves money in the long run. Ensure key items are checked annually, such as:
- Heat pump servicing
- Smoke alarm compliance
- Gutter cleaning
Also, take note of any minor repair items now—before they become expensive problems later.
Review Expenses & Plan Ahead
A thorough expense review can help you spot savings and plan better. Be sure to:
- Review insurance coverage and premiums
- Check if your mortgage rate is still competitive
- Prepare a budget for the year ahead, including maintenance and unexpected costs
Staying on top of your outgoings ensures your investment remains financially healthy.
Stay Informed, Stay Ahead
An annual property health check keeps your investment working for you. It’s a small effort that leads to better long-term outcomes and peace of mind.
At MIX, We’ve Got You Covered
At MIX, we offer a complimentary annual health check for all the investment properties we manage. We understand how valuable this step is in your investment journey, and we’re here to help every step of the way.
Whether you need assistance managing your property or simply want expert advice on your next steps, get in touch—we’re here to help you get the most out of your investment.
Contact us today to book your free investment property health check.
Let’s make sure your property is working as hard as it should be.