Month: February 2020

Guest Post by Andrej Kovacevic

Goodbye To The Quarter Acre Block

Thirty or more years ago the standard Australian house was on a quarter acre, or bigger, block.

These days with real estate prices going up, populations going up, and no building land close to cities the typical Australian House is changing.

More and more of our suburbs are duplex, and even triplex blocks.

But investing in real estate is no joke as that property is one of the biggest and most important financial decisions that anyone can make.

So what are the options?

Splitting an Existing Block

This is attractive to those who love their existing house, and the neighbourhood, but don’t want to be bothered with a big garden.

It is often possible to fit an additional home on the same block while leaving the existing house intact.

This is a great way of gaining some extra money to make a pension go further, without the trouble of moving house.

If this is your preferred option you need to find a good design that will fit on the block, which may need to be double storey.

It worth visiting an expert in your city such as Duplex builders Sydney to get some ideas about designs and costs.

Knock Down and Rebuild

If you are serious about property development this is often the best way to go.

It might seem to be a waste of money demolishing a habitable house but by getting a blank site it gives you many more options.

In my local suburb it is usually easy to build three new units on a block, rather than be limited to a duplex development because of the difficulties of working round an existing house.

Again its best to talk with an expert who get help deliver an attractive development that can maximise your profit.

Buying a Duplex Unit

There are a lot of advantages in buying a new duplex unit rather than a having a house built on a new subdivision;

• Most duplex units will be closer to the cities, and jobs than new blocks a long way from cities.
• Buying in established suburbs means schools, shops, health service, and public transport is going to be convenient.
• The gardens will be smaller which means less time spent on lawn mowing.

One disadvantage over getting a home built is that you only see it when its finished which means that to protect yourself you need to be sure there aren’t any problems . . . . so make sure you get the property inspected

 

 

Guest Post by Andrej Kovacevic

Real estate is an incredible investment opportunity, but it is also one of the most intense investments that any individual can ever hope to make.

At the end of the day, the bottom line when it comes to investing in real estate, is that it is a decision that requires a lot of forethought and research before one can hope to invest in the right property.

More than anything else, this is the utmost reality, and it is a reality that is absolutely crucial if a real estate buyer is ever going to be able to make the right choices for themselves and their real estate opportunities around the globe.

The pool of available properties for investment is always changing. Inevitably, this can make it quite challenging to know when the right time to jump in the investment pool is.

The single most valuable piece of advice is, without a doubt, first taking the necessary time to discover and explore what it is that you are looking for, why you want those traits, and what (if anything) you are willing to compromise on to get the property.

It is a work in progress, and it can and often does take time to figure it out properly. 

Taking the time to understand what it is you want

The most important step in property investment is without a doubt to look around for inspiration.

What is it that appeals to you? What do you want? What are you willing to compromise on or entirely workshop out of your ultimate real estate purchase decision?

Knowing what you want is the single most important part of buying real estate.

If you do not know what it is you are looking for, how can you possibly expect your real estate agent to know?

At the end of the day, that is where it all starts. 

 

Taking the opportunity to learn as much as possible about the market

As well as learning about yourself and your own preferences and loves in real estate, make it your business to know the market and what is popular in the market around the time you are looking to invest.

Whether it is modern window roller shutters or the inclusion of advanced home technology gadgets and systems, the point is always the same: knowing the market goes a long way towards assisting you in delving into that market as a real estate buyer from an informed position.

 

Taking the chance to take your time making the decision

Essentially, at the end of the day, you want to be sure about the property that you are deciding to invest in.

All the research is great, but it means nothing if you are not willing and able to step back when necessary to wait out set periods in real estate that tip in favour of the seller and not the buyer.

Ultimately, the more time you take to make the decision, the clearer and more sure-footed you will be in the decision after the fact.

That is always a positive.