Still struggling...a LOT! Ha.
Really having difficulty deciding on whether I should purchase an older house in a poor location, or a townhouse in a much better spot.
I am quite keen on purchasing an older property and renovating when the time comes to build equity. However, having a tough time finding one in a good spot.
Anyone feel like sharing an opinion on:
http://www.domain.com.au/Property/For-Sale/Townhouse/VIC/Brunswick-West/?adid=2008191212 ?? Need my hand held a little here...ha ha.
The lack of size and land is a bit of a down side, but location is a bonus. Not too much room for improvement either - a little, but not much really. Have had a look into our financial situation, and am willing to go higher than originally stated in order to land the right property.
There are a few older houses in Coburg (further north than I prefer), and as I said, I am just really struggling to make a decision here.
I guess my question is: go for size and land (house) sacrificing location, or sacrifice size and land for location?
Sorry for all the questions - this whole property investment business is a lot more daunting and frustrating than I imagined!