Rental appraisal

We provide a free rental appraisal of each property we manage, every 12 months. We also offer free rental appraisals to any new clients who are thinking about coming onboard with Wolfbrook Property Management.

To request a free, no obligation appraisal of your property, simply fill out the form below and one of our property managers will be in touch.

Rental Appraisal Christchurch

A rental appraisal tells you the earning potential of your rental property and should be carried out every 12 months free of charge. Our experienced property managers will compare similar properties and the unique features of your property to create an accurate assessment of the current fair market rent.

How do we determine the value of your rental property?

Our experienced property managers look at the unique features of your property and compare it with similar properties to generate an accurate, up-to-date assessment of its fair market rent.

Here are some of the factors we take into account when looking at your property.

Recent market trends

Each suburb has its own mini-trends. We always start by comparing the rents of similar advertised properties in your area and how they’ve changed over the past 12 months.

Bedrooms

The number and size of bedrooms is one of the first things people look. The more useable rooms, the higher it’s worth as a rental.

Bathrooms

Ensuites, separate toilets or multiple bathrooms can raise the price of a rental as they make the home a lot easier to live in.

Location

Properties in good locations attract higher rents. With an ever-changing urban landscape, appraisals need to be carried out yearly to ensure your property is accurately priced.

Condition

Good impressions count – literally. We pay careful attention to condition of fixtures and fittings when deciding what your property is worth (and so will your prospective tenants).

Parking

A garage or off-street parking is increasingly hard to find, especially in central locations. Tenants are often willing to pay a premium for the added convenience and storage space.

School Zoning

The reputation of local schools can have a significant influence on rents, with parents willing to pay more in order to get their children into particular zones.

Sun

Good sun makes for warmer homes, better moods and higher rents. If your property offers plenty of sunshine and natural light, it will be worth more than a similar but shady home.

View

Properties that have elevated, sweeping views go for higher rents. Typically, the most sought after views include the ocean, hills and mountains, and the city at night.

When should you get a rental appraisal?

An up-to-date rental appraisal of your investment property can be extremely helpful in a number of situations. If you’re experiencing any of the following, our appraisal team is here to help.

Buying a property

If you’re looking to purchase a new investment property your bank will likely require a current rental appraisal to prove that the rental income earned will help cover the mortgage.

Selling a property

When it comes to selling any residential property, an accurate rental appraisal will help raise its appeal with prospective buyers, whether they are investors or owner occupiers.

Changing tenants

Knowing your property’s market rental value will ensure you get maximum returns, while also setting a fair price that will attract tenants and reduce the risk of vacancy.

Every 12 months

The rental market is continuously evolving and rents should be appraised yearly. As a client of Wolfbrook Property Management you will receive a free rental appraisal every 12 months.

Refinancing your investment property

If you’re thinking about using some of your equity to buy another property or carry out renovations, a recent rental appraisal can influence the bank in your favour.

Raising rents

If you’re feeling the squeeze from costs associated with your rental property and think it could be achieving more, a rental appraisal can help guide you on potential rent increases.

10 ways to increase the value of your rental property

There are a lot of factors at play in determining the potential rent you can charge. Read on to discover 10 tried and true things you can do to increase the value of your rental property.