The Housing Shortage Part # 2
What can you do ?
If you are more proactive:
-Buy a few houses in one street with some friends.
- Could you get a group together and buy a block of units. With the aim to renovate as a group and add value
- Buy a large block of land with the aim to subdivide and sell off over time.
- Buy with the plan to change the zoneing to units or Town houses.
- Take options on properties in area's that have the best chance of growth. Then exercise the option when the market moves in you favour.
- Start building while demand is low and builders are keen and will offer deals.
The Devil is in the detail
- Who find will the property
- How much option money will you pay / How long do you want the option for.
- Who will project manage the renovations.
- Who is my end customer. Is it for sale or rent.
- Will the councill approve my applications.
- Who will talk to the builders ?
As always you need to do your own checks. Remember it is possible just don't rush. Nor wait another 10 years.
Good Luck
Paul
What can you do ?
If you are more proactive:
-Buy a few houses in one street with some friends.
- Could you get a group together and buy a block of units. With the aim to renovate as a group and add value
- Buy a large block of land with the aim to subdivide and sell off over time.
- Buy with the plan to change the zoneing to units or Town houses.
- Take options on properties in area's that have the best chance of growth. Then exercise the option when the market moves in you favour.
- Start building while demand is low and builders are keen and will offer deals.
The Devil is in the detail
- Who find will the property
- How much option money will you pay / How long do you want the option for.
- Who will project manage the renovations.
- Who is my end customer. Is it for sale or rent.
- Will the councill approve my applications.
- Who will talk to the builders ?
As always you need to do your own checks. Remember it is possible just don't rush. Nor wait another 10 years.
Good Luck
Paul
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