Wish for some ideas on which is better:
1. building and IP in an area where once finished i can get 10-20% greater valuation once all costs have been included (on current prices) over 10mth building period. Cost is about $340k for a 4 bed, 23 square house.
2. buying an IP and hope the valuation increases.
I have considered all lending, purchasing, interest, finishing, rates, etc costs in the cost of the built IP.
Anything missing?
1. building and IP in an area where once finished i can get 10-20% greater valuation once all costs have been included (on current prices) over 10mth building period. Cost is about $340k for a 4 bed, 23 square house.
2. buying an IP and hope the valuation increases.
I have considered all lending, purchasing, interest, finishing, rates, etc costs in the cost of the built IP.
Anything missing?