Depends what state you are in. I can help you if you are in NSW.
What colour are the bricks, what style is the outside of the house? I have studied construction in NSW for dwellings bult since the 1900’s. Besides that, it hard for the average person to work out the age of a dwelling. If you have the deposited plan and have the registration date,…[Read more]
Rule of thumb for NSW is $1200/m2 for brick veneer dwellings. Project homes are around $800/m2.
We use these rates to determine costs of new constructions. Some builders do vary so just use this as a rule of thumb.
Full brick rates are about $1500/m2.
Property value would not increase just because the name of the suburb changed.
Just look at Kellyville and Kellyville Ridge. Two different council areas next door to each other with about a $30,000 difference in land values. It’s still Kellyville.
And Bella Vista has a ‘rich’ side and a ‘poor’ side. It wouldn’t matter if Crestwood was called…[Read more]
A carport adds about $10,000 to the value of a home and a garage adds $20,000 in Sydney. So yes you are adding value.
Not sure about council approvals in your area though. I do know that you need to apply for it if you are building a new garage, but to add onto the carport; phone the council and ask.
I bought a +cf property with a friend 3 years ago.
The loan and the title (contract)of the property go into the four of your names. You get the conveyancer to make the four of you as ‘tenants in common’ which means you each get an equal share of 1/4 of the property and can pass that share on to a person of your choosing should you die god…[Read more]
Valuers have access to information on what you prevoiusly bought the unit for. If the Valuer didn’t know that you had renovated it, then she stupidly did you a diservice. A good Valuer would know the difference in value between an unrenovated unit value and a renovated unitsvalue. Unbelievable.
I also can’t believe that any Valuer would not take…[Read more]
Originally posted by Dazzling:
Geez…..sounds like most of the Broker’s don’t like any of the big guys….walking from N, C and A.
That only leaves W…..hopefully we don’t put them in the same pot, otherwise the whole thing turns into a big WANC ?? [blink]
For me, I’m happy with the “drive by”, as it’s the dirt I concentrate on.
We got a…[Read more]
Originally posted by Manoj:
Its not so easy to get the valuation to match your expected figure but doing things may get answers right for you. I did massive reno on my property to increase value to get more loan thru equity and greater rental potential..The bank valuation came close to my expectation..firstly make sure the valuer or the bank you…[Read more]
I had a look at allrealestate.co.nz and saw the houses for sale in Hamilton with a minimum asking price of $355,000. I am not a Valuer in NZ but I recommend you email Ray White Real Estate in Hamilton and get their opinion on whether it represents market value.
Be careful of a rental guarantee, it generally means you…[Read more]
I am a Valuer and I’m not clear on whether you have a commercial/residential property that you are trying to strata title? (subdivide).
Your post states What is a property worth?
If you are going overseas shortly, you are better off selling the building rather than mess with subdivision of title.
I recommend you get a valuation of the…[Read more]
Ok I am answering Lee’s question on HOW to buy your first +cf.
1.Save up $9000 (20% deposit)
2.Buy a property in Queenstown or Zeehan or Rosebery in Tasmania for $45,000. Rent it for $90 per week.
3.Save up the stamp duty and conveyancing cost during the 6 week settlement.
4.I recommend buying sight unseen. I have bought 10 properties this way.
And I went to the trouble of buying Country Link street directories for every state and territory in Australia. Go figure. Does anyone know of a free aerial photography site for each state? I know RPData has aerial photos but I pay for that service.
You are limited to what you can do. You must check the zoning guidelines, sometimes they will allow a childcare centre to be built, which is very profitable if you can find a tenant. Or you can just put one big fat house on it and rent it out.Council zoning guildelines or Local Environmental Plan dictates what can and can’t be built.
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