Stormwater is a big issue for New Zealand property owners. In urban areas, stormwater runs off into drains, culverts and pipes and is carried into rivers, lakes or the ocean. On private property, stormwater runoff is the responsibility of the owner. A poorly-managed stormwater system can damage your property and your local ecosystem.
You know that before you buy property, you must have a builder check the structure for potential problems. But did you know you should also consider your property’s susceptibility to natural hazards?
What do you do when an American student has secured the domain name for your multi-million dollar business? Well, if you’re New Zealand property developer Tim Manning, you treat her to a holiday.
When Tim Manning discovered the domain name and email address for one of his companies – Taradale – was owned by US student Tara Dale, he offered her a generous price for the internet property. After she declined, Tim Manning invited her on a two week, all-expenses paid vacation.
Tim Manning named his Taradale company after his hometown in the Hawke’s Bay, so he invited Tara Dale to see it with him, and gave the city $3000 to repair the Taradale War Memorial clock.
Designing your dream home in New Zealand isn’t as simple as buying a plot of land and building whatever you want. Your local council has planning requirements, which you have to conform to. These make sure that neighborhoods continue to look nice well into the future, and ensure homeowners can’t suddenly have their views wiped out by a huge parking garage.
Property investing can be an excellent way to create wealth. However, it’s not a game everyone can play. Being a successful property investor involves an eye for a great property and a desire to take high risks for maximum rewards.
New Zealand doesn’t have a Capital Gains Tax, and many people see this as a great reason to get into property investment. However, the return on your property needs to outweigh the high risks associated with purchasing it.