Fire damage?

Discussion in 'Repairs & Maintenance' started by Cimbom, 6th Dec, 2016.

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  1. Cimbom

    Cimbom Well-Known Member

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    Back in Canberra!
    Would a general builder be best to assess the damage in a fire damaged property and advise on the likely cost of repair? Would you ever touch a property like this? :p
     
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Adelaide and Gold Coast
    Do you mean to purchase?
    Definitely opportunity there, most others will be scared away. Get it for a good price, get it fixed up then revalue or sell.

    Keep in mind your finance options will be limited. I've had Corey put houses in a state of disrepair on COS loans before.

    But yes, general builder most likely. Depends on where / what is damaged.
     
  3. Cimbom

    Cimbom Well-Known Member

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    Back in Canberra!
    What's a COS loan?