Hi everyone we are looking at 2 properties at present and because our budget is limited we are left with 2 choices. Out goal is to live 3-5 years and rent it out or if we end up liking the area it may become PPOR for 10 + yrs. Option 1. Old house but it is in the central location (10-15mins walking distance to the city). The owner has extended the place himself like undercover living area and spa with decking. Not only this, the garden is divided into 3 areas (garden, playground with swings, and the enclosed spa). The garage is also divided into 2-3 areas (storage and study). Inside the house is an old kitchen and a built in desk along one side of the wall right next to the kitchen making the place look cluttered. Pros: Location and 10-25k cheaper than option 2. Cons: Lots of work to do..removing the decking, taking the fences out of the garden so we have one area in the garden not 3 separated areas by ugly fences. Repairing/renovating the shed area that's converted into 1/2 study and storage. Taking out the built in desk in dining area. Option 2. Old house. Big house on a big block but the backyard is absolutely tiny and the front yard is massive. Kitchen and Bathroom are in bright red and blue and carpets are in very bad condition. However it's a corner block with a park across the road. Pros: Solid and spacious house and park across the road Cons: Tiny backyard (size of a normal living room), kitchen and bathroom that need a new paint and new carpet/floor boards. Partner and I are not experienced DIY renovations so we are also a bit confused with the overall cost of fixing and removing unwanted things (esp the deckings and spa) from these 2 houses.