Hi Guys, forgive me if I am naive, I am pretty new to all of this!
I just wanted some insight/opinions on creating further equity from improvements during settlement.
I have made an offer on an IP property and am thinking, while the inside is great, adding some street appeal might boost my rental income and since Im at it, capital.
I have read in various property mags people negotiating access during settlement can be beneficial in getting renos done both before moving new tenants in and also I have heard of people having their property revalued before settlement and being able to access extra equity.
Can you please explain how this works? Any advise/tips/tricks/cautions would be appreciated. I get the concept but unsure of the actual process etc....
Thanks
I just wanted some insight/opinions on creating further equity from improvements during settlement.
I have made an offer on an IP property and am thinking, while the inside is great, adding some street appeal might boost my rental income and since Im at it, capital.
I have read in various property mags people negotiating access during settlement can be beneficial in getting renos done both before moving new tenants in and also I have heard of people having their property revalued before settlement and being able to access extra equity.
Can you please explain how this works? Any advise/tips/tricks/cautions would be appreciated. I get the concept but unsure of the actual process etc....
Thanks