Oh a mistake I made on the first houe, too much carpet!!! Within months the hallways were worn...
Tile as much as you can. In the second place I only carpeted the bedrooms and main lounge... SO much better!!!! ESP with kids!!!
I also used a "neutral" paint in the first house. Mistake. EVERYTHING showed on those damn walls. In the second, we went neutral, but a darker shade, if that makes sense... much more forgiving!!
We also extended the house roof for the back entertaining area.. much cheaper than a seperate roof!! Its also a lot cheaper to get them to put down a shed slab or bike slab while they pour the house slab. Getting it done later is exxy!
Thanks for all your advice.
This house isn't for us to live in so when it comes to tiles V carpet etc. I'll be taking the cheapest option every time except when we think that the more expensive option will add more value.
Hopefully in a few years we can afford to build in the area we want to live in instead of renting here (if we can find a home for knockdown) and then it will be heaps more fun and we'll be building something in a traditional Mexican or Middle Eastern style with straw.
I'm no fan of carpet. I like tiles or wood with really large rugs where needed. I like taking my rugs to the fence and hanging them in the sun.
Not only that, if its a rental, the carpet will be ***** within months!!
And dont do white walls, that'll be crap within months too!!
You can biuld a "rental" that is still decent and good for profit later on too, just stick to the cheapest available that still looks good, its what we done with the first house.....
Apparently if you build and sell 5 times, you'll have enought to outright buy your 6th, and have no mortgage... makes sense too.
I put $20,000 down on the first house, and made $70,000 in 18 months when I sold it... so I had a lot more to put in the second house..
Put $70,000 in the second, made just over $150,000 in 2 years.....
Had I not bought this time and built, I'd of had a $120,00 deposit, (bought a car!) and been able to build an awesome house, and made more again.
The idea is that by the time you do it 5 times, with massive deposits and great re-sale, you walk away with enought to buy the last one with no mortgage......ahhh, to dream...
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