One of the more attractive options open to property investors is building a new home. Not only do you get to build a home of your choice, they have much higher tax benefits, tenants love them, and obviously the maintenance is much lower. However, the process of building a house can be very problematic. Here’s why.
Have you ever played spot the difference? In this case it’s trying to pick up from your building agreement what’s been left out. Whilst it may appear on paper that you’ve got a great price, the trick is trying to determine what’s not included. Believe it or not, that sometimes includes the paint!
In part two of our series on building your own home, Stephen sounds out building expert Klaus Wilde on some of the common mistakes people make when reading through their specifications.
If you want to discuss some of the hazards of building specifications call us on 1300 850 318 and get started in Property Investment.