So this isn’t a full answer to your question, but one thing you should factor in when making your decision is how much time/energy do you have? Stocks and bonds are pretty great for that because they’re passive income earners. If you already have a full-time job, then renovating property might be a huge time sink unless you’re willing to shell out the cash for hiring someone to do it. Some of this also depends on what skills you have. If you’re a programmer, doing some side projects/contract work might make you some decent cash. If you can turn a hobby that you would already do anyways into a profitable venture, that can save you on the time/energy cost.
Thanks. Time and energy are definitely relevant factors. I’m quite ignorant of all of this, but when it comes to property renovation I would think you could be highly involved at the start (drawing up plans etc.) and then could more or less leave the builders to execute the plan, and then put it on the market. So not no time—but perhaps not a huge amount.
As I say I’m a complete noob so would appreciate any further information!
I hope it goes without saying that I’m asking this on earning to give/earning to save grounds by the way.
So this isn’t a full answer to your question, but one thing you should factor in when making your decision is how much time/energy do you have? Stocks and bonds are pretty great for that because they’re passive income earners. If you already have a full-time job, then renovating property might be a huge time sink unless you’re willing to shell out the cash for hiring someone to do it. Some of this also depends on what skills you have. If you’re a programmer, doing some side projects/contract work might make you some decent cash. If you can turn a hobby that you would already do anyways into a profitable venture, that can save you on the time/energy cost.
Thanks. Time and energy are definitely relevant factors. I’m quite ignorant of all of this, but when it comes to property renovation I would think you could be highly involved at the start (drawing up plans etc.) and then could more or less leave the builders to execute the plan, and then put it on the market. So not no time—but perhaps not a huge amount.
As I say I’m a complete noob so would appreciate any further information!
I hope it goes without saying that I’m asking this on earning to give/earning to save grounds by the way.