Buyers buying land or glamour?
Hey again all,
Just sold my home and looking to do another live-in flip in Toronto. I've noticed a lot of semi detached properties have been flipped in good areas in the city but I'm more of a detached guy.
My question is, and it probably heavily depends on the buyer market in my area, is there a better return for me if I flip a semi or a detached property? In the same area, semis are going to be cheaper than detached and assuming of course lot sizes and sqaure footage are equal, I wonder if buyers of high priced, fully renoed properties prefer design over actual dirt/lot size which requires maintenance, gardening etc. I suppose the type of buyer who is looking for a high end finished product is not looking for yard work, but then again, maybe buyers want privacy with the option to do gardening when they retire etc...
Any thoughts based on experience in the area would be a big help!
Thanks!!