Make Money use Investment Land for Cash
We all love the benefits of having a swimming pool in our back yard in summer. No fuel expenses traveling to the beach or fighting the never ending sand in our knickers.
It's a great place to entertain and have a barbecue. Or simply cool off with a quick dip under the shady palm trees and finish off with a coldy. It appears those days could be disappearing.
Disappearing youth
As we age, we are not as fit as we would like to be therefore we need to cut down our work load. This can be done by reducing the size of are gardens. This could mean less lawn to mow and less outside area to continually clean and keep looking good. All homes need renovating, therefore less is better.
The cost of living is forever increasing, and electricity and gas expenses are rising again. Rates on bigger properties, add to the burden of making our pensions stretch. Even the supermarkets have joined the bandwagon, increasing their prices, and at the same time suppliers are reducing the size of the tinned and packaged products.
People are struggling and thinking of new and inventive ways to make their money go further. We need to be smarter, and benefit from our existing investment capital from our house and land package.
Instead of going through the hassle of selling, packing and looking for a smaller home and garden then moving we look to other ways of achieving this goal.
House blocks are becoming smaller every year. I remember when most house blocks were a half acre, then a quarter acre. Our house block is 700m2 now house blocks are down to 300m2. All I can say is where do the kids play? They no longer have back yards to explore or room to put up the cubby house.
Pools now a splash for cash
The pool used to be great especially in summer, but unless you are very keen on freezing your butt, what happens to the pool in the winter. It costs money for chemicals to keep it clean all year round. Yet it sits there all winter taking up valuable space that you could have used to grow vegetables or have a mini golf course. Instead it attracts, insects, mice, cockroaches or whatever crawls around your back yard unable to swim.
That is why more and more people are selling their pools. Swimming pool suppliers buy your pool and remove it; some will even fill it in for the price or you may need to fill in the hole yourself. Then you subdivide your back yard and sell for cash. This gives you the extra capital to go and make that dream of doing whatever you want come true.
What more could you ask for? You have gained, in many ways.
Advantages of subdividing and not selling your home:
· No more open house days
· No living in suspense if and when it will sell
· No paying out estate agents commissions
· No looking for another house to buy
· No packing
· No moving
· No having to settle into a new neighborhood
· You will have that extra money to buy a caravan or car or go on a trip
Disadvantages
· You have to organize block subdivision with councils
· Sell the back block
· You will not know who will live there
· Put up with builders coming and going as they build on back block
Subdividing your Property
Before getting too excited, you need to check out the subdivision process as it varies from each shire or country that you live in. Sellers and Investors should contact their local planning departments to find out all the necessary information. Zoning can be complicated.
Use a professional that knows how the legal system works. Do not attempt to do this on your own without professional help.
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Comments
A pool how lovely, but perhaps not in our climate :) Yes it is good to let your property work for you.
We have a pool but could not do that worst luck as it is a concrete one in the ground with a liner
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