Building new house or Remodeling ?
Hi there, I'm new on this forum and have been asking myself a few questions about the real estate market of BC.
Me and my girlfriend have been looking into moving for 9months to british columbia ( We're from Quebec, CA ) since she has been offered many posts all around BC. As for I, I'm a carpenter and i'm interested into building or renovating a house to make a little profit out of it.
That being said, I was wondering if it was a good idea considering we would be purchasing near June 2017 and selling around Marsh 2018.
That is where I need your knowledge ; Should I buy a lot of about 0.3 acres and build from scratch on it, or should I buy a house that needs around 60% of repairs and sell it quick. ( I know it depends on the repair that the property needs )
We have about 60 000 of budget.
We have 9 months to repair and sell ( It can go up to a years or so without a problem )
We need your advices.
Thanks, Mike