ledger.red
Property investor
First time posting. I’m comparing a 95 m² country home with a similarly priced serviced apartment in Sydney. The country home appears simpler to maintain, while the serviced apartment offers more control over management and tenant demand but may bring larger irregular costs through insurance, shared-building reserves or special works.
My model already includes vacancy, insurance, energy use, resale liquidity and management workload. Before choosing, I’d like to understand what tends to emerge after the first year: maintenance items that are easy to underestimate, building-related costs, restrictions affecting resale or letting, and differences in vacancy risk.
If you have owned either property type, which cost or practical burden surprised you most, and what would you add to a pre-purchase checklist?
My model already includes vacancy, insurance, energy use, resale liquidity and management workload. Before choosing, I’d like to understand what tends to emerge after the first year: maintenance items that are easy to underestimate, building-related costs, restrictions affecting resale or letting, and differences in vacancy risk.
If you have owned either property type, which cost or practical burden surprised you most, and what would you add to a pre-purchase checklist?