Can any one tell me which one is better? It is difficult for me to choose indeed.
(1)
Type :House
price: 355K
Bedroom: 3 (I would say 2 and a half)
Location: 1.5km from station (quite, neighbor house are in good conditions, well maintain)
Toilet: 1 and a half
Land size: 580sqm
Age: over 20 years
Condition: good to excellent
FHB grant: 14000
Garage: 1
improvement list: replace 1 sinker and top, miner water leakage from the pergola, (expecting 5000)
Yard: Excellent, well maintained.
Others: Good size and comfortable pergola with fly screen, flat contour(2)
Type: Duplex
price: 370K
Bedroom: 4 (all double size)
Location: less than 1km from station (near semi main road)
Toilet: 2 plus 1 en suite
Land size: 300sqm
Age: Brand new (7 years structural + plumbing guarantee)
Condition: Good to excellent
FHB grant: 21000
Garage: 1.5
Small Pergola
Yard: small, low maintenance
improvement list: all light fitting, security system, wardrobe partitions (expecting 5000 as well)Consider $ rent, proximity to services/station. 3 bed + study is probably more practical however you do share a common wall with a neighbour. Neither will affect resale value (other than losing greater depreciation on the new property).
I think both are good to living in. But (2) can be a better investment item after a few years.
2
I would go for 1 land size is bigger. the land appreciates and the house depreciates
I reckon that I will have more competitors on (2) while I am the only potential buyer on (1).
Price at 355K is a below average price for (1) . A poorer condition property sold at 356K recently in the negibourhood according to the agent and I believe it so.
while 370K is an above average for (2), similar older (1 to 5 years old) properties with 3bedrooms are at most ASKING at 320K only.
I cannot agree more that land price will absolutely go up.
But I reckon more people are willing to rent (2) and make it a better investment item.
I am willing to pay 350K for (2) but I forsee it is not going to happen.
BUt I feel that I can get (1) at 352K.(Vendor should be in a rush to sell)If you are keen on 2, hit them with a lowball offer say $330-340, offer decent settlement (must be something in it for the vendor to settle quickly), submit a signed contract with a deposit and submit your letter noting that it is open to acceptance for ?? days.
wow, what can be "something" for the vendor to settle quick?
Time is money (a quick settlement means less interest charges for the developer)
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