Hey everyone, in the last few months I’ve become really interested in property investing,I’ve read several books however none tell you where to start! I want to purchase my first property..what is the best option,a house with a big block to potentially knock down and build,a townhouse/unit or a apartment? (To rent) most long term growth.
Hiya
It depends on your strategy and demographics for the area. In certain areas – apartments/townhouses are the norm. Likewise with detached houses in certain areas.
If you’re look to develop/extend then a house is the way to go. If you’re looking for less maintenance – an apartment is generally better.
There’s heaps to consider. Personally for me – I stick with houses. You can do more to them (develop, extend, etc) and you’re not dealing with body corps.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Adding value is the best way to grow. Find a property with a big backyard where you can build one or more additional houses. Or find a corner site or one with a wide frontage where the local council may allow a side by side duplex. Its great fun as long as you know what to look for. Feel free to contact me direct or read the other posts on Property Investing I wrote on finding good subdivision site criteria. And watch out for covenants on title. It might restrict development!
#Planning Permit | AuArchitecture
http://www.auarchitecture.com.au/
Email Me | Phone MeProperty Subdivision expert with 250 planning permits approved by Melbourne Councils
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