Hi all,
Is there anything negative about Corrugated Iron houses? Reason I ask is that I am looking in invest in a property that is build using corrugated iron.
Let me know your thoughts. Would be good to understand any ongoing maintenance impacts, negatives, and in comparison to weatherboard and brick etc.
Thanks,
Ajaywatch out for tin termites. Much bigger teeth.
Thanks Scott – aside from that, any general issues in comparison to brick? Do you think the property value might be less because of this, or is corrugated iron ok?
And how about longterm stability and maintenance requirements for corrugated iron – would it be good?ajayayyar … its interesting that you are thinking about other materials outside of brick. First .. most immigrants from europe wont deal with anything LESS than brick. Australians themselves are prepared to take on the old weatherboard simply because a lot of the time its cheaper and usually has a fraction more area inside the place. The real differences come out with ongoing asset depreciation. Unless regularly maintained, a weatherboard will move and warp in ways that a brick house just wont do. Sure a brick house still can crack silt and fracture, but its usually ok unless built on poor foundations. On the returns side .. a weatherboard is usually calculated as almost land value. HOWEVER the returns are based upon the number of rooms and bathrooms. In answer .. a weatherboard produces better returns for long term … less property.
Assess both corrugated iron and weatherboard as land value potential only. It saves on trying to keep the house. However a further insight .. the best upgrades i've ever done were devalued weatherboards into premium weatherboards. The rules on position and transport still apply.
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