Solar power - what a wonderful invention, one that is slowly saving our planet. But recently an investor was faced with a dilemma. If they invest in a property that has solar, or installs a new system, who will really benefit? At first, it's obvious that the savings (or even the profit in some circumstances), will show up on the electricity bill, meaning the tenant is the only beneficiary. In essence, this means the owner has to somehow account for this financially. How though? Work out the approximate saving and include it in the rent? Ask for the electricity bill to be in the owner's name? Is it just to the benefit of the tenant? A cheque in the mail from a larger solar system is still a cheque in the mail. Interesting dilemma.
Welcome. I am an Australian property investor sharing my thoughts as I travel through the 'property investor experience.' You will find blogs about agents, the property market, our own properties any anything else in between. Enjoy.
Andrew's current thoughts
Andrew's Thoughts
Updated: October 2011
First time buyers in low price bracket: hold or bargain very hard on prices
First time buyers in medium bracket: hold
First time buyers in high bracket: buy, bargain down prices
Investors: acquire for capital gain, hold: do not dispose
Middle circle suburbs around CBDs should offer good value.
Thinking of:
Upgrading to better PPOR: yes
Value adding/reno of IP: yes, tradies looking for work
Increasing rents: No
Friday, September 30, 2011
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