Stephen Knight

Hello and welcome along to the Property Academy podcast by Oberst Partners.

I'm your host Stephen Knight.

And this is the show that helps Kiwis go from zero to five investment properties so you can be financially free and stick around for the next 15 minutes because you're going to learn the perfect floor plan for an investment property, the mistakes investors always make, and when to buy a property with a bad floor plan.

Now, one of our top episodes ever was when we were talking about the perfect floor plan for investors buying townhouses.

But today I want to switch things up and talk about standalone houses, normal houses.

And I think this is important because when you are buying a house, the floor plan is the one thing

that's really hard to change.

I mean, you could repaint the walls, you can replace the kitchen, but moving walls, depending on if they're load bearing, you know, helping to keep the roof up, that could cost you 50 to 100k or even more, right?

Now, Andrew, you've walked into thousands of houses, looking at them as investment properties.

What are some of the things that make for a really good floor plan for property investors?

The kids aren't coming in going, Dad, turn the TV down.

It's actually quite funny because in many ways, if I'm thinking about your house, it's kind of like that, right?

The master bedroom is closer to the lounge.

And then the kids' bedrooms are down the hallway a little bit more.

And even when I've been thinking about some other houses I've lived in or owned in my life, you start to be like, oh, yeah, that's very true.

Because who's likely to be up last at night?

It's going to be mum and dad watching TV or even if they've got friends over, right?

I mean, unless you've got teenage kids, but typically the master bedroom might be a little bit closer to the lounge and the kids bedrooms might be down the hall a little bit.

And when we say a single level layout, we're just talking about a one story house, right?

The other classic one when we're thinking about floor plans is if it's north-facing.