I'm looking to build and investment property south of Perth city and whilst the land seems reasonable and has a good rate of growth the options of builders is never ending and varying, my instincts tell me to go with a well know reputable builder who is slightly more expensive (Dale Alcock) rather than a cheaper builder to maximise my profit.
Everyone who finds out that I am building an investment property has told me that the house I'm planning to build is too expensive $175k (plus land 165k) and I should pick the cheapest house possible - I have seen similar plans to the type I am building (4x2, double garage, alfresco, theatre room, air con) and they are 10,20,30 even 40k cheaper but is cheap really best when investing?
I'm not looking to build a portfolio of investment properties this is the first and it is just to get myself on the property ladder, I will sell it in 2 years and buy my own home.
Any advice?
Everyone who finds out that I am building an investment property has told me that the house I'm planning to build is too expensive $175k (plus land 165k) and I should pick the cheapest house possible - I have seen similar plans to the type I am building (4x2, double garage, alfresco, theatre room, air con) and they are 10,20,30 even 40k cheaper but is cheap really best when investing?
I'm not looking to build a portfolio of investment properties this is the first and it is just to get myself on the property ladder, I will sell it in 2 years and buy my own home.
Any advice?