Hi there,
My friend is thinking of buying a shed. She told me this:
~ the price is $240,000
~ they will be buying the shed only, not the land.
~ there are other sheds in the complex
~ the shed is not currently rented
~ there is a body corporate
~ the rent will be double what a house at that price would be. I'm assuming a house in this area for that price would rent at approx $200pw
~ she beleives the value of the shed will rise with time
Do you think this is a risky aquisition? Do you think the shed will go up in value? I think that it wouldn't because it's the land that goes up in the value, not the building. What do you think?
Thanks,
Christie
My friend is thinking of buying a shed. She told me this:
~ the price is $240,000
~ they will be buying the shed only, not the land.
~ there are other sheds in the complex
~ the shed is not currently rented
~ there is a body corporate
~ the rent will be double what a house at that price would be. I'm assuming a house in this area for that price would rent at approx $200pw
~ she beleives the value of the shed will rise with time
Do you think this is a risky aquisition? Do you think the shed will go up in value? I think that it wouldn't because it's the land that goes up in the value, not the building. What do you think?
Thanks,
Christie