Anyone looking at ceiling fans?

Jun 20 2007

My wife and I bought a “fixer up-er” late last year as our first home/investment property. Being interested in finance and having done our research we knew that we were always going to struggle to get our money back (from the interest) on our residential property unless we took a property development perspective into the project.

It is a commonly held belief among personal finance people that residential property is not the greatest financial move, from the purely financial angle. Because the natural rise in housing prices does not offset the opportunity cost of not being able to put your money into other investments and also the interest burden you have. Not to mention maintenance costs.

Ofcourse this is different if you buy your residential property from an investment point of view. For example you buy in an area where housing prices are expected to grow at a rate faster than the average. Or, like in our case you buy with the view to develop the property.

Anyway, that was a long introduction, but the point of this post is that one of the reasons we have done so well out of our development of our property is that we have gotten great deals on the materials, aswell as doing the majority of the work ourselves.

And the reason we have been able to secure top deals on the materials is because we have researched online and also purchased online. The discounts available from online retailers, who often sell at wholesale or better is quite significant.

One of the tricky items we wanted at one point was some ceiling fans. But, we stumbled on a great ceiling fan resource site, which I wanted to give a shout out for here. They had everything we needed to secure a great deal, and also help us learn more than we would have thought we would have (wanted) needed to know about ceiling fans. Read more.

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Posted by funky under Money Savers