I apologize to long term readers of the forum if this topic has already been done.
I am keen on others commenting on how they value potential investment properties
a) Comparable sales ( from data available on internet )
b) Visit Multiple opens in a chosen area and get the feel of it
c) Formula based i.e. Land value per m2 in $ to see if you are getting a good deal.
I am not after a bargain so to speak because they are rare ( although would love one ) , but happy to pay fair market value on a property, question is how do i work out fair market value.
I am yet to come to terms with my investment strategy, to buy cash flow positive properties ( new houses on small blocks ). Buy close to CBD and go for a big block that is sub-dividable in the future. Or to do a purchase and renovate and then sell. My inclination is for long term hold on properties close to CBD with big blocks. I have already got two for cash flow in Northern suburbs of Adelaide. I would also be interested in hearing from people who have gone through the same dilemma's re strategy etc.
My only concern with the small block houses is that they might appreciate in capital value because of the vast abundance of land near these types of properties. Do others have similar investments of houses on small blocks in the outer suburbs from CBD and do they appreciate in value.
Regards
AK
I am keen on others commenting on how they value potential investment properties
a) Comparable sales ( from data available on internet )
b) Visit Multiple opens in a chosen area and get the feel of it
c) Formula based i.e. Land value per m2 in $ to see if you are getting a good deal.
I am not after a bargain so to speak because they are rare ( although would love one ) , but happy to pay fair market value on a property, question is how do i work out fair market value.
I am yet to come to terms with my investment strategy, to buy cash flow positive properties ( new houses on small blocks ). Buy close to CBD and go for a big block that is sub-dividable in the future. Or to do a purchase and renovate and then sell. My inclination is for long term hold on properties close to CBD with big blocks. I have already got two for cash flow in Northern suburbs of Adelaide. I would also be interested in hearing from people who have gone through the same dilemma's re strategy etc.
My only concern with the small block houses is that they might appreciate in capital value because of the vast abundance of land near these types of properties. Do others have similar investments of houses on small blocks in the outer suburbs from CBD and do they appreciate in value.
Regards
AK