Kevin Young - Building Tips & Traps

"Use your Club’s collective experience, to avoid many of the traps that unwary investors have fallen into!"

Metal roof

It is not a major item but in the long-term a metal roof has less repair and maintenance problems.

Brick construction beats cheaper materials

Look for property with brick construction with aluminium around the windows rather than timber. Avoid villa board and polystyrene, as it is expected that valuers will value down properties built from these cheaper materials versus brick and concrete. Most new builds are in this lightweight material but are deceptively hard to spot!

Look for lifts

As the population ages, builders have to cater for senior residents and their lifestyle. Apartments or houses with stairs to climb are not suitable for the elderly (or young families). Smart builders are installing lifts to ensure access. Ensure you can get the extra cost back in extra rent!

Obtain a long-term guarantee against fading or rendered properties

Check our property profiles. Our Researchers make sure their builders use a good-quality, rendered concrete that comes with a guarantee.

Ensure ceiling batts and whirly birds are in place for hot/cold climates

Check if insulation is included in the profile and make sure any enclosed wet areas have exhaust fans to avoid future mould (from showers and dryers). Look for good ventilation. If your tenant is tenant is too hot or too cold they will not be happy and soon leave the property!

Look for time-efficient landscaping

Properties that are beautifully landscaped but require a lot of upkeep will increase your expenses. AVOID: Extensive gardens, expansive lawns that require mowing and trees that create excessive leaf litter.

Check for functional living layouts

Imagine the television in place. Are the windows and doors positioned correctly to allow for this once the furniture is in? Walk each room with the same functional mindset. This will affect your tenant attraction and retention.

The appeal of a second bedroom

A second bedroom must allow for a double bed. Many second bedrooms only allow for a small bed but with a growing number of share accommodation arrangements, it is vital a second bedroom is of a decent size.

Multiple bathrooms are a big drawcard

The more rooms the more need there is for multiple bathrooms to increase tenant appeal. Years ago, people would not rent a house with an outside toilet – now it is the lack of an ensuite that is the sticking point.

Make sure you speak with your Property Mentor, to keep posted for more tips from Property Club.  If you have any questions on investing in property please email enquiries@propertyclub.com.au and we will assist!

I Love Property,

Club Founder, Kevin Young