Why You Want Your Development to Have a Mix of Investors and Owner Occupiers | Ep. 171

In this episode, we discuss why it is preferred to have a mix of owner-occupier and investors within your development. 

This is generally for three reasons:

• You want to sell your property to an owner-occupier in the future, who is likely to be more emotionally invested than an investor, so you want a property that is going to appeal to an owner-occupier
• When the properties are finished, you don't want your properties to be untenanted because all the properties come on to the rental market at the same time
• owner-occupiers are more likely to look after the neighbourhood than tenants

However, we also discuss how this will change based on the type of property. For instance, a high-end development of apartments or stately homes will likely have a higher proportion of owner-occupiers, all other things being equal, as these properties will likely be too expensive or low-yielding to make the property work for an investor. 

As usual, we also gave a wee shameless plug to the Epic Guide to Mortgages. This is the most comprehensive guide that is freely available in New Zealand that teaches you both how to get a home loan and pay it off more quickly.