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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    November 16, 2010 - 2:39 am

    Typically, renting out a room will be cheaper, but there are many draw backs. First the lack of privacy and personal space. You would have roommates (a draw back by itself). If you split bills, you have to deal with the possibility of an extremist (heater/air conditioner full blast all the time increasing costs). An advantage is that you do not have to furnish a full apartment, but then again you are using other people's things and may be restricted on what you can and can't do. Security is another issue. How well do you know these people? Are they going to have people over that will mess with your things or interrupt your routine. Basically the same problems you would have with roommates, but they hold all the power because it is their house.

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    November 12, 2010 - 4:08 am

    You don’t have to be a financial expert to understand why developing property has seen a huge increase in popularity. Over the last decade, property values have gone through the roof, with the average house in the UK now topping the £200,000 mark. There’s rarely a week that goes by without media reports on the property boom, so for many, investing in bricks and mortar is extremely appealing.

    For those who are keen on DIY, or want to escape their day job, renovating a house can help provide an outlet for creative urges, pent up after sitting in an office all day. And it is not as if the sector requires any particular training or qualifications and neither is there a strict template for success.

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    November 8, 2010 - 11:57 pm

    1. Budget all your renovation costs closely
    2. Work out how much your house will sell for after completion (completion worth – existing worth = value added)
    3. Reduce renovation costs if they’re more than value added
    4. Target renovations to suit your suburb and its demographics
    5. Do quality renovation work

     

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    November 8, 2010 - 11:51 pm

    maybe because of thousands of email they receive a day, they might have skipped your email…

    But that's too impossible.

    maybe you can try again??

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    October 28, 2010 - 3:35 am

    You can actually change bank anytime you want..

    It would not be messy..

    I've also have tried it  and all goes well.

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    October 28, 2010 - 3:07 am

    Wow Steve,

    I admire you for that…

    That's a very great thing you know.

    For a change, let's all do it.:)

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    October 27, 2010 - 11:58 pm

    That's a very great idea..

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    October 22, 2010 - 2:29 am
    dazza82 wrote:
    Hey Guy's and Girls

    I have recently landed a job with a salary over $100,000 and find myself looking to end the renting life and purchase my first home/investment. I work away for 2 weeks at a time and come home for 1 week R and R. Anyway I had a brilliant idea? to make the property I purchase a holiday house/apartment etc so I can rent it out while I am away. Has anyone got any usefull insight on this? Can I still claim the first home buyers grant? Is it a business of sorts if I do this? Are there any places dealing with holiday houses etc. I am really "green" to all of this. Thinking of spending around $450,000 if it makes any real difference. Any help would be very much appreciated. Hopefully it is a workable idea :)

    Thanks Dazz

    This is really a very brilliant idea.

    There are lots of places that deals with holiday houses..

    anyways,  which place do you want to invest?

    Profile photo of alynaalyna
    Participant
    @alyna
    Join Date: 2010
    Post Count: 9
    October 20, 2010 - 2:11 am

    Hi,

    I am also a new member in this forum site.

    I just happened to join in today,

    It is really so great to be here in this forum.
    <br /:D” title=”>:D” class=”bbcode_smiley” />

    Nice to meet yopu guys.

Viewing 9 posts - 1 through 9 (of 9 total)