I would steer clear of this minefield. Simple things like Who does the maintainence/gardens/lawns – are they insured if they injure themselves on premises? How about visitors? The owners would be personally liable for any claim. Many on the forums are concerned about asset protection, with this one you could lose the lot.

If the present owners have scant regard for the basics, where will this apathy lead?

AFAIK the strata act requires the formation of a body corporate as well as effecting various insurances & requirements on the owners corporation. They cannot override the law.

I think I've missed the point here – why would the insurance company want to get involved in an employer/employee relationship? What type of insurer covers that risk?

Change your profile to no PM’s & unsubscribe from any posts you may have been following.

if concerned Just put in a remediation clause (the epaa is quite stringent on the remediation requirements).

Land tax & cgt would be a bigger concern as you are waiting 2 yrs + before construction.

As far as I know, they act as a buyers agent looking for cf+ sites on the web/papers. Subscription services gives you access to their ‘list’ but I don’t know what they provide in the way of service.

You will be restricted to domain.com.au unless you use one of the sell your own home companies who they give you access to realestate.com.au as well.

Paperwork – prior to listing (in NSW) you will require to have a contract of sale prepared by your solicitor/conveyancer (required documentation includes S149 certificate, sewer diagram, any home warranty insurance certificate of currency, occupation certificate (optional) – anything else to reduce buyer resistance).

Proper signboard, brochures, floorplan are indespensible.

Thick skin.

Everything is negotiable – outgoings can be included in the lease (gross rent) or additional (net rent). As for repainting clause anything more than once every 5 years can be seen  as onerous.

What you need to know is how much your builder is going to charge to restore the damage and the extent of the damage.

Who provided the report -the bank or you? Are the termites still active? What additional follow-up treatment will be required? how often?

Do you want your first investment to be a project or be able to be leased out straight away? Do you realise that you will have to capitalise the cost of restoration work not claim it in one big hit?

The bank probably won't fix any of the damage – it will just suffer the reduced sale  price.

Generally, I’d say it was very low on an investor’s list. If it is going to cost more & return less/same is it worth it? It doesn’t generate extra rent, may save the tenant some running costs etc…….

Saw one house sell recently for $200k less than asking, Did buyers care about the roof panels, solar hws, water filtering systems, eco design, passive solar, low care sustainable garden etc? No – where’s the air cond, convert the pool back & turf the gardens.

Too many properties have ‘wild guesses’ even if they have sold recently.