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Opinions wanted, Reno or buy new/renovated?
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<blockquote data-quote="Swinging &amp; digging" data-source="post: 289928" data-attributes="member: 2764"><p>Are you looking to buy as an Investment Property?</p><p>If yes it is much better to buy new as depreceation can work in your favour and have a new property that will appeal to good tenants.</p><p></p><p>If you are looking to buy to live in, its an emotional decision.</p><p>The property would need to be in the right place were you want to live etc.</p><p>Reno,s can take a lot of time and expense it is possible to over capitalise on renovating as you can often uncover hidden surprises like termite damage etc.</p></blockquote><p></p>
[QUOTE="Swinging & digging, post: 289928, member: 2764"] Are you looking to buy as an Investment Property? If yes it is much better to buy new as depreceation can work in your favour and have a new property that will appeal to good tenants. If you are looking to buy to live in, its an emotional decision. The property would need to be in the right place were you want to live etc. Reno,s can take a lot of time and expense it is possible to over capitalise on renovating as you can often uncover hidden surprises like termite damage etc. [/QUOTE]
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Opinions wanted, Reno or buy new/renovated?
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