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Look for potential, not perfection

If your child were to purchase something that needs a little cosmetic work, they can add value and increase their equity, putting them in good stead to continue climbing onwards and upwards and potentially invest in further properties for their future retirement fund.

This requires a bit of vision and a willingness to do some manual labour but is a worthwhile strategy for first homebuyers to adopt.

Aside from the economic gains to be made in acquiring a fixer-upper, there’s also less chance they will pay a premium for the high spec finish achieved by the previous vendors.

You’re far better off paying less at the point of purchase and having to put in some elbow grease than paying for someone else’s hard work.

RealRenta has all the tools that a property manager hasbut for less than ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property.

RealRenta also has a free vision, so why not check it out.

Jason Gwerder
Wednesday, 27 September 2023


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