All Topics / General Property / Knock it down or renovate it?

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  • Profile photo of KarenKaren
    Participant
    @kleoncelli
    Join Date: 2017
    Post Count: 1
    May 15, 2017 - 1:06 pm

    I own an older style 3BR/1bth BV home in the poor area of a reasonably affluent seaside town.
    It’s been rented a the time I’ve owned it. It needs serious renovation. Wondering if it would be better to borrow to renovate OR knock it down and build 2 (or 3) units on the site (this would be the first improved property in the area so STCA obviously applies).

    The rates notice gives a property value of approx. $500K as is.

    Thoughts?

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 284
    June 27, 2017 - 1:31 am

    Karen if you want I can do a full breakdown and scope for you, for a really resonable fee!

    or just give you a free 5 minute overview if you give me the address.

    Jaxon | Jaxon Avery – Financial Adviser
    http://www.jpafinancialservices.com.au
    Email Me | Phone Me

    JPA Financial Services Pty Ltd

Viewing 2 posts - 1 through 2 (of 2 total)

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