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From: Michelle Riley
Hi All,
Could you advice if it would be advantageous
to make improvements to newly bought negatively geared IPs.
One IP could use a 2nd loo and shower.
The kitchen is very basic with an old upright,no frills.A paint job wouldn't go astray.
The other would look much more appealing
with floor tiles as opposed to vinyl.
Bathroom vanities are very shabby.
I've noticed those pre fab ones don't hold
up well over time.
I realise the ideal for some people is to a buy a property that needs nothing doing and sit back and wait.
I thought perhaps with improvements I would attract a better type of tenant,a little more rent and a little more equity.
How ever I'd have to use borrowed funds
which would increase payments.
Any thoughts?Michelle
Hi All,
Could you advice if it would be advantageous
to make improvements to newly bought negatively geared IPs.
One IP could use a 2nd loo and shower.
The kitchen is very basic with an old upright,no frills.A paint job wouldn't go astray.
The other would look much more appealing
with floor tiles as opposed to vinyl.
Bathroom vanities are very shabby.
I've noticed those pre fab ones don't hold
up well over time.
I realise the ideal for some people is to a buy a property that needs nothing doing and sit back and wait.
I thought perhaps with improvements I would attract a better type of tenant,a little more rent and a little more equity.
How ever I'd have to use borrowed funds
which would increase payments.
Any thoughts?Michelle
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