When it comes to spending money on your property, most home owners will consider what will add value to their home. Whether you own your forever home or are using your current property as a stepping stone, making calculated and considered financial decisions can result in your property being worth more than what you invested. We all like a return on our investments, but how is that achieved for your house?
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Its not everyday a 16 year old boy buys a house, but this is where our property journey started back in 2003. Still in school and with no facial hair (not much has changed there) I purchased my first property. So what can a schoolboy afford to buy in 2003? I purchased a 3 bedroom fibre cement home in the kiwifruit capital of NZ - Te Puke. Purchased for $96,000 with a 10% deposit with a rental of $180 per week. The property itself wasn’t anything special, neither was it a great bargain at the time - rather just a traditional cash-flow investment property
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