PropertyInvesting.com | Cloudburster | Activity https://www.propertyinvesting.com/members/cloudburster/activity/ Activity feed for Cloudburster. Sat, 02 May 2026 02:47:58 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4c1aca06d5e8388721fb66a6ca0e660d Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5016939 Fri, 27 Nov 2015 08:50:57 +0000 I think we have ironed it out and ready to take this to the solicitor:

– Dad adds me to the title of that block of land as tenancy in common with a 25% share. This allows me to obtain a bank loan and build.
– Upon Dad’s passing, the land without the house and associated infrastructure that I added is valued. I contacted another property valuer w…[Read more]

]]> 5f2c4bbe327450e6b98fdb0cb15bf32a Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5016939 Fri, 27 Nov 2015 08:50:57 +0000 I think we have ironed it out and ready to take this to the solicitor:

– Dad adds me to the title of that block of land as tenancy in common with a 25% share. This allows me to obtain a bank loan and build.
– Upon Dad’s passing, the land without the house and associated infrastructure that I added is valued. I contacted another property valuer w…[Read more]

]]> 19ffdece554942b47cba6f1d01c66278 Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5016689 Sun, 22 Nov 2015 01:55:45 +0000 I have got slightly stuck on this. A property evaluator warned Dad that adding a house onto land does not always increase the price to include the house build cost.

So say in 10 years time, if I did not build, the land alone is evaluated at $1m. My three brothers and I would receive $250k each (25% share). Now with the situation that I have…[Read more]

]]> 0d43362327392186b82d1a2417600107 Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5016689 Sun, 22 Nov 2015 01:55:45 +0000 I have got slightly stuck on this. A property evaluator warned Dad that adding a house onto land does not always increase the price to include the house build cost.

So say in 10 years time, if I did not build, the land alone is evaluated at $1m. My three brothers and I would receive $250k each (25% share). Now with the situation that I have…[Read more]

]]> 9f88bfa0f822a30b5c568dd2628107b0 Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5016689 Sun, 22 Nov 2015 01:55:45 +0000 I have got slightly stuck on this. A property evaluator warned Dad that adding a house onto land does not always increase the price to include the house build cost.

So say in 10 years time, if I did not build, the land alone is evaluated at $1m. My three brothers and I would receive $250k each (25% share). Now with the situation that I have…[Read more]

]]> 131569e64a7f52ece06993e4001cc353 Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5015164 Wed, 28 Oct 2015 08:01:05 +0000 Just an update. It looks like we will proceed with the idea of tenancy in common. Good part of this is that I may only have to pay $20 stamp duty as the lot is currently used for primary production and is “intended” to be used after the title is amended.

We approached a property lawyer who seemed quite knowledgeable but haven’t gone any further…[Read more]

]]> 8714abba090b10fe61251cd384643bb6 Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5014746 Sun, 18 Oct 2015 15:00:02 +0000 Thanks John and Dean. My Dad and I have taken in your comments and feel much more enthusiastic about this idea becoming a reality. We like the idea of placing us both on the title. Not sure how this will affect the first home owners grant for building a new home (not that it is a deal breaker). Dad suggested I borrow the $100k to build the house…[Read more]

]]> 441b53aa8091fffe40773f1f2333fda9 Cloudburster replied to the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/#post-5014582 Tue, 13 Oct 2015 09:10:57 +0000 Thanks for the reply Dean.

By rights to buy the block do you mean it is placed in my name? I should of made it clear that even if it was, with some type of family loan made for the block, I would still need to obtain a small loan to build the house. I won’t be able to get a bank loan without the property in my name.

]]> c0de176f2cf8c2475c9529010b087d8b Cloudburster changed their profile picture https://www.propertyinvesting.com/activity/p/327643/ Sun, 11 Oct 2015 15:59:34 +0000 7401a968707ccd583dd65098b6de3a88 Cloudburster started the topic Build home on parent's empty block but cannot afford land AND build. Options? in the forum Help Needed! https://www.propertyinvesting.com/topic/5014438-build-home-on-parents-empty-block-but-cannot-afford-land-and-build-options/ Sun, 11 Oct 2015 15:57:15 +0000 Hoping there are some of you with some knowledge or experience of a situation where a son or daughter wants to buy land from their parents and build on it to live but do not have the funds to buy the land and build the home.

Has anyone heard of this before within families?

Obviously just interested in your ideas and advice and will pass any…[Read more]

]]> 64933ad2ceba3b5a2f022f9fce49a2e2 Cloudburster became a registered member https://www.propertyinvesting.com/activity/p/327640/ Sun, 11 Oct 2015 15:07:44 +0000