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Hi Andrew, from your wording it sounds like both options are cash flow positive, although the normal residential unit slightly less so, is that correct?
I’d recommend searching the sales history for similar property types (same type of villa, comparable price range, size, location etc) on realestate.com.au and considering which option has greater historical growth. Also, if you have an experienced buyer’s agent in your area it may be worth giving them a call – most are willing to have a quick obligation free chat, and they may be able to give you some useful local insight.
Laura | Property Wizards
http://propertywizards.com.au/
Phone MeI’ll get the ball rolling with a few basics – but as Ethan says, I wouldn’t think these are news to you ;)
– A renovated kitchen and/or bathroom is a big plus. Don’t overdo it, though – we sometimes pay a bit more for these upgrades but not as much as people might think. That said, it definitely gives an edge over otherwise comparable options.
– Broken lights, sprinklers, cupboards etc can make it seem like the property has not been well cared for, so it’s worth paying attention to these small things before holding a viewing.
– Trim lawns, weed garden beds and remove any dead plants.
– Attractive furnishings are good, but remove as much clutter as possible – it makes the space less compelling and creates question marks about hidden damage.Laura | Property Wizards
http://propertywizards.com.au/
Phone Me