Make an in­formed de­ci­sion

The Weekend Post - Real Estate - - Front Page -

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.

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