Search results

  1. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Well... I moved into my ip in February and I plan to live here for the next couple of years or so or until the market improves. Yesterday I found out another unit sold for just $227 k, so if I were to sell today id make just $20k profit. My mortgage is $199 k which is affordable for me...
  2. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    I'm moving in at the end of next week! Wooohooo :D I'm so happy! :) Dad has become more aggressive and annoying over the last year. He is in the early stages of dementia :(
  3. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    I'm moving into my Dianella ip Mum and I had a look at the property yesterday. It's actually in pretty good condition! Not much work needs to be done! Just painting, cleaning of the grout and new blinds. I went through the figures and have decided to move into it. My Highgate property is...
  4. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Mine has a renovated kitchen with large amount of cupboard space, with un-renovated bathroom.
  5. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    All the other units in the complex went for between $230 & $249 in the last 12 months. Some were renovated, some weren't. Actually one unrenovated unit sold for $205 in June 2013 One with a renovated kitchen and unrenovated bathroom sold for $230 in April 2014
  6. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Nah, I don't think so. The bank valued it at $235. I guess I'll just have to wait and see what the market will pay. I think someone will buy it in the $230's range at least.
  7. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    It didn't sell last time so I realise that in order to move it I'll have to do what it takes. I'll have this one shot. I wonder what price range I should ask for, maybe $235 - $255? What do people think?? Maybe it would look more valuable being staged and bathroom cleaned up? The other...
  8. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    This whole thing is starting to stress me out haha. I don't know the first thing about bathroom renos cleaning, restoring etc. I think I'll hire a jack of all trades handyman to do it all for me! Can anyone recommend someone in Perth? I might as well stage it! I really want to get out...
  9. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    As long as I keep it to under a $1000 I'm happy with a couple of grand in mortgage payments I'll have to cover whilst it's vacant. I'm still contemplating staging it. That would cost another $2 k, so all up around $5,000. I'm not sure I'd recoup the cost of the staging though. Also what if the...
  10. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    or a company like this one http://dirtygrout.net.au
  11. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Just a couple of questions. What can you paint when using the White king? Can you actually paint over things like the toilet, the basin, cupboards, etc as well as the shower recess and bathroom tiles, I read you can't paint the floor though. Also maybe if I get the bathroom looking...
  12. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Thanks I checked out their Facebook page, and their photos. Sounds like a good idea. I'll give them a call. What I could do is get a cleaning company in, and then paint with white king.
  13. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Sorry if this sounds like a dumb question but what does tile paint mean? Thanks
  14. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Good idea about the staging. I'll look into that. I wonder how much that would cost though. Does anyone have any tips on staging? Maybe I could just stage it for the first home open & then send the furniture back.
  15. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Yeah. I'm seriously thinking about option 1 now. Sell it & I'll have a decent cash buffer. I'll be able to move back to my place sooner rather than later. I'm aiming to move back in March. I really need my own space, 3 years is long enough. It was only meant to be a stay of 1-2 years. Now...
  16. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    I'm not sure what to do. Yep i can stay here for longer, my parents are happy to have me. :) Option 1 Is to not re- lease it but put it on the market when tenant vacates in January and try to sell it ASAP as I'll be having to fork out mortgage payments. This could be very risky as if...
  17. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    $235 k, but then I got a cash offer for $240 k that i accepted, but unfortunately they pulled out at the last minute.
  18. Alex P Keaton

    Sell underperforming 1 bed IP & Opportunity cost ?

    Tenant is leaving January 20 and I will have to drop the rent $20 pw from $290 pw to $270 pw. I can't afford to hold it (along with my new ip I just bought) and move back in to my place in Highgate so I'm going to sell. The other unit sold a few weeks ago for $230 k. I might have to lower my...
Back
Top