How far along have we gone when it comes to building houses? I can still remember my grandmother’s house in the suburbs almost 2 decades ago where her bathroom was located outside her house. It was a quaint little shed in the backyard. But things are different now. From a real estate agent’s POV, no one’s going to want to buy a house where the bathroom is located anywhere but inside the house. The housing elements that were considered a must-have 30 to 40 years ago are now considered old-fashioned or even counter-productive (especially when it comes to increasing your home’s value).
Imagine some of the features that made houses look trendy back in the 60’s and 70’s and imagine implementing these features into modern housing. These features would instantaneously date your house to being built as far back as these housing trends were still popular, even though you just built your house this year.
Andrew Wilson pitches in with news about the mad rush for land in the suburbs. This can mean further elbowing out of the first home buyers. Over the year 2014, Sydney’s median residential land price shot up by 19.7%. This is way ahead of the numbers registered by Melbourne and Brisbane.
Investing in property can be lucrative, especially when done right. But it’s not as easy as one might think. Some people do something along the lines of buying, renovating, and then selling the property. There are also those that buy property and have other people rent out the property. These properties range from a home in the suburb to a commercial space downtown.
