[cigar]
Hi Everyone,
I have got 2 bedroom house was returning 160.00 per week, the tenant has recently left, and I had problem finding another tenant.
It is weatherboard house built in 1960, land size about 650sqm located in Armidale NSW
I am thinking if I should do a little bit of renovation such as putting in a carport or painting.
Or even building a granny flat at the backyard? would that over-capitalize my property?
My question is does carport required DA and council approval?
Thanks!
npumpki
Hi Pumpki,
You will need council approval for the granny flat and carport.
As to whether or not this will help you find a tenant – the best course of actionis to talk to your PM and find out what the feedback has been. This will guide you in planning/making any alterations.
As you highlighted though you will need to be aware of not overcapitalising and this is where a knowledge of the local area will come in handy. What are typical properties selling for in Armidale and what features/additions do they have?
It may also be that time of the year and uni studets haven’t yet returned to their new courses.
Derek
[email protected]Property investment advice and researched property in quality locations available.
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