The Property Podcast ASK485: Buy a home or invest? PLUS: Can tenants object to upgrades?
Jul 15, 2025
A listener grapples with the rights of tenants when it comes to renovations and rent increases, especially with new rental reforms on the horizon. Another questions the wisdom of buying a family home versus investing in a property portfolio, considering using the profits from a sale to build a rental empire instead. The discussion delves into the implications of cladding issues, rental management, and personal living choices, providing insightful strategies for navigating the property world.
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Upgrades Can Justify Rent Hikes
- When upgrading a rental property, you can increase the rent if you demonstrate market justification.
- Tenants can contest rent rises but likely won't succeed if evidence supports the increase.
Plan Major Refurbs Between Tenancies
- Major refurbishments like kitchens or bathrooms are best done between tenancies.
- Doing significant work during a tenancy can cause issues with tenant cooperation and rent adjustments.
Prioritize Homeownership Goals First
- Consider psychological preferences like flexibility versus certainty before choosing to buy or rent.
- Calculate financials but prioritize what kind of homeownership experience you want long term.
