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  • Profile photo of wits endwits end
    Member
    @wits-end
    Join Date: 2005
    Post Count: 3
    October 12, 2005 - 3:09 pm

    Thanks Gatsby! Great to hear from you. Overcapitalising is what I want to avoid, without overpricing the place on sale, of course. I like the advice about the kitchen! I was wondering just how elaborate / expensive others go. I think thats what I’ll do on my PPOR. Just considering kitchen reno now, with option of keeping or selling soon.
    Cheers,
    Luke

    LAR

    Profile photo of wits endwits end
    Member
    @wits-end
    Join Date: 2005
    Post Count: 3
    October 12, 2005 - 2:11 pm

    [cool4]So, to get things rolling… I have just read some more informative posts under the heading ‘renovate/sell (within 12 months)…i dont get it?’ where MichaelYardney and others advised that the buy,reno,sell strategy would not work in a stagnating market.

    Is this the general opinion? It seems to me that the main focus of the site is +’ve gearing properties, and that these can be very tough to find. So, using that amount of effort as a gauge, I would have thought that the ‘ideal’ reno home would also not be a pipe-dream in this climate? Tough, but perhaps no more so than finding a +’ve geared IP. Am I focusing on a bad strategy? ie. is my ‘fear’ a reality or just an obstacle? (I am considering a number of the strategies presented, but this is the one I see as being closer to my ‘niche’).

    Anyone?

    LAR

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