All Topics / Value Adding / Ideas wanted

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  • Profile photo of as41as41
    Participant
    @as41
    Join Date: 2005
    Post Count: 108

    I need to put in some car accommodation on my IP. DO I go carport or garage and also, try to put up a kit carport myself or get one done professionally???Also, fencing ideas and tips?[strum]

    Snowflake

    Profile photo of fernfurnfernfurn
    Member
    @fernfurn
    Join Date: 2005
    Post Count: 139

    This is really about overcapitilization. If you have an expensive home gaining big rent you need to go the whole hog and build a big brick garage and fence to enhance the property. If it is an economic home in an economic suburb, you could buy a steel garage and have it built. Unless you are a really good handyman don’t attempt to build one of these yourself. I’ve seen the results of someone trying to put one up without the expertise. I think the secret would be to start with a level poured slab. Fence could be anything from a wire fence covered with fast growing Jasmine on up to scale. It really depends what you want to spend for what you will get back. Ask your accountant as I remember reading somewhere the interest someone was claiming on an air conditioner was more than it cost so it may even pay you to get a loan to do it all.

    Fern

    Profile photo of AmandaBSAmandaBS
    Participant
    @amandabs
    Join Date: 2005
    Post Count: 549

    I’ll let you know after the weekend. We have just had a double carport in kit form delivered !!

    Amanda
    “It is better to be inconspicuously wealthy, than to be ostentatiously poor…”

    Profile photo of the firefighterthe firefighter
    Member
    @the-firefighter
    Join Date: 2006
    Post Count: 1

    Carport or garage and type to build, depends on property value, suburb and resulting aesthetics. Keep everything in proportion. I am “in the trade” so to speak (done many renovations over many years (30yrs) ) I would suggest that for the few hundred dollars involved get the professionals to do the erection, it will look professional to a tenant or future purchaser.
    The firefighter

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