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Ugly Houses - Capital Gains
MillyMollyMandy678 posted a topic in General property discussionHi, A bit of a random question but do you think much about the appearance of a property before purchasing? This is in the context of mainly aiming to buy BTL properties which increase in value. I understand the points about picking up and coming areas, transport links etc. but I was wondering- would you still invest in an ugly 1960's ex-council flat for example (if it was in the right place), or do you think more attractive properties do better with capital gains? My gut instinct is to aim for more attractive places, if you are hoping for an area to go up in value it makes sense to pick properties which look desirable, but I'm not sure if that is me getting too carried away with home design rather than thinking like an investor. What are people's experiences?
heather anderson posted a topic in General property discussionHi all, I have just joined and this is my first post so I would be very grateful for any advice. My situation is that after letting out a house we lived in for 30 years we have just sold it and are looking to buy a new property which is providing a pension for myself and husband. We really thought that we wished to buy a modern flat as our last renter managed to totally destroy the garden we had spent 30 years looking after so thought perhaps a gardenless flat would be a better option however, with all the extra expenses involved am not sure. Property in our area is dear - think modern flat with 2 beds/balcony around £260,000 we do not need a mortgage. Any advice appreciated thank you.