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Low maintenance strategies

Discussion in 'General Property Chat' started by Vinnie_Chase, 26th Sep, 2015.

  1. Vinnie_Chase

    Vinnie_Chase Member

    30th Aug, 2015
    I'm wondering how many people here have a low maintenance strategy and how they identify properties that would suit that strategy?

    I'm in the fortunate position of enjoying my day job but I know that it won't get me into a position to retire at the time of my choosing. I've recently made my first IP purchase but have been wondering what criteria others have?

    Does the type of tenant influence how you purchase?
    How old is the property when building issues start to creep in?
    What features do you try and avoid (e.g. pool)?
  2. Leo2413

    Leo2413 Well-Known Member Premium Member

    18th Jun, 2015
    HI @Vinnie_Chase

    Congratulants on your first purchase mate.

    If your looking for a low maintenance strategy then you'd property be looking for a dwelling that is decent condition with a long term Buy and Hold strategy. Buying just a few years old might fit your criteria. But it all has to come back to your goals and timeframe. I mean there is little point to buy a place just because it is low maintenance but is not in an area with good growth fundamentals for medium to long term capital growth.

    So when you decide on a place to invest in that you think has good fundamentals for long term, buying a dwelling that is not too old in that area should reduce your maintenance issues. But then the property manager will deal with all of that so i really don't see it as such a big issue.