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Buying a house

By Catherine Rayward

Advantages

  • Houses have greater potential to grow in value

  • Can accommodate any type of buyer such as families or singles.

  • Often located in suburban areas

  • Larger internal and external living spaces

  • Can have lots of scope to improve the value and appeal of the property through renovations, additions and landscaping

Disadvantages

  • Houses are more expensive than units

  • Maintenance and repair costs are your responsibility and may be more costly

  • Council rates can be higher for houses

  • Houses may have higher insurance premiums due to size and security requirements.

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