Forum Replies Created
Hi everyone,
I am building a double storey investment property through Metricon at Sanctuary Lakes, Melbourne (South West area).
I have purchased the land the end of December '09 and manage to settle in mid Feb.
I am residing in Sydney and thus far it has been a painstaking slow process in getting the building finalisations on a roll.
I have done everything I can on my side to try and fasten the process.The finalisation of my colour selections, electrical and tiling appointments will conclude the end of this month. (reason being that Metricon is fully booked one month in advance, and this was the earliest available date)
Hopefully after this period, the process would move along alot faster.The snag with Metricon (and probably any other Builder) is that one cannot get 3rd parties involved to measure and install blinds/shutters etc, while Metricon is building. I have been told that once the keys to my IPar ehanded over, then only can I call them in
At the end of the day, one would never be sure whether building an investment property is the way to go?
I suppose each for himself and you only live once…
Paying 2 mortgages are no joke!I do hope that I would be able to get a renter into the house when all is done in the end.
CyaHi JacM,
Thank you for your reply – highly appreciated
I shall take out the Landlord insurance with tenant protection when the time arrives.
As you have mentioned, it is actually essential to have the insurance in place, just in case tenant issues arises.Take care.
