Hi All,
Found this piece of empty land (ready to build) in a good surburb selling by Housing Comission at a fair price.
However, there is a bit of history, there used to be a timber house on land, which was burnt down 2 years ago, and an old man was burnt to death, no foul play detected.
Will this history affect on my property value? Looking at renting it out.
Any advices will be much appreciated.
Cheers
NitHi Nit,
Only the supersticious locals will care about that kind of history – renters are more likely coming from different areas and won't have any idea.
Besides, it will be a completely different house with no history. Don't let it bother you – buy it if it's a good investment!
As an aside, if the house was still standing and there had been an event such as a murder in the house, then in QLD you must declare that when selling, but not when letting.
Cheers,
BrisInvestorBrisInvestor wrote:Hi Nit,Only the supersticious locals will care about that kind of history – renters are more likely coming from different areas and won't have any idea.
Besides, it will be a completely different house with no history. Don't let it bother you – buy it if it's a good investment!
As an aside, if the house was still standing and there had been an event such as a murder in the house, then in QLD you must declare that when selling, but not when letting.
Cheers,
BrisInvestorThanks mate.
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