Make an informed decision
Spring is one of the most popular times to start building or renovating. Everyone is starting to shed their winter layers, get out into the fresh air and consider ways to spring clean. If considering a building or renovation project, Master Builders has some helpful advice to offer. Tips when building or renovating are to build with a Master Builder and understand the process. Building with a Master Builder gives you peace of mind that your builder or trade contractor is appropriately licensed and has the support of Master Builders, who provide members with access to practical training, advice and information to help them raise professional standards. Our website includes information on issues such as choosing land, building your dream home, finding a Master Builder, contracts and variations, deposits and progress payments, building approvals and inspections, construction phase and what to do before you move in. The information will give you a more thorough understanding of the building process and help you improve communication with your builder. You’ll also know what to expect throughout the stages, which can help reduce stress and pave the way to a smoother and happier build. Ron Bannah, Master Builders’ FNQ regional manager WHEN it comes to property investment everyone wants a bargain, but often bargains are a false economy.
The majority of “bargains” are less desirable properties in less desirable locations that aren’t in any great demand.
While you might add some initial value by renovating, a less desirable property is less likely to grow as much as higher-demand properties in better, bluechip, locations.
I believe the best possible investment for people looking to build real wealth with the least amount of risk is median-priced property in an inner urban location.
These properties are more likely to be priced at market value or slightly above but are more likely to hold their value regardless of market conditions.
Whenitcomestothe location of your investment property, while people love the idea of being opposite the water, it may pay in the long run to simply choose a property one street back. Coastal properties generally have more wear and tear, and salt spray is a killer when it comes to concrete cancer.