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hi aphraell,
We have gone owner builder in vic, adding an extension aswell as reno the existing part of the house.
It was a challenge going through all the paperwork and regulations for the extension as it was our first. We would do it all again in a heartbeat. Using a private building inspector was a great start (instead of the council version), it cost a couple of hunrded more but so worth it. A private inspector will provide a wealth of info and works longer hours and even weekends, this had its advantages.
As for profit…well worth it…pp. 98K costs 55K sale 265K. It did take us about six months but not bad $$$ i reckon.
Our local council provided the basic info pack to get us started, so give yours a ring and see what they have.
We have never had a problem with any permitted reno under 12k either (we have done several know), everything you do has to meet australian standards, this is where the inspector comes in. Sales have never been a problem either, our longest taking three months. I would recomend paying attention to the finishing of the product, if you do the house will sell itself. I did laugh at the size of our sale contract when the extension was included as all permits, planes, insurances, builders board permission and so on need to be included.
I hope this helps and good luck with your projectHi kiko, I have used this product and find it easy to use after a little practice. If you are not patient it may not be for you as a bit of time is needed to get a nice finish when your learning. It does look like a pro job when done, can be coloured, the dulux products (available to us) need to be sealed after application and is pretty expensive. I prefer to apply with a paint roller but thats just me, long, steady and slow will give you the best result. I have also found that to get a nice finish you have to use more than recomended, depending on the surface your going over. You could also try arcyclad acrylic render that you mix youself (we get this off our gyprock supplier), it takes a little longer and will also need to be painted over (as cant be coloured) but covers twice as much area for less than half the cost, we pay $16 per bag. This is the method that we use now and probably wont go back to the expensive stuff. Hope this helps,
let.hi juder, we have looked into this a little… we are in vic. we prefer to use a local company that deals in relocation, it seems the costs are lower this way. if you have one in your area check them out as they will be a wealth of knowledge. Your local council will also be able to help, they should also have booklets with there regulations and planning information. We put our project on hold because we needed to go owner builder to do it and we have already done this recently ( you have to waite 3 years to do it again in vic). good luck with the project, hope this helps.
lethi andy, not sure if this will help. we have just completed a slab via building inspectors instructions (owner builder). it had to be at least 600mm (edge beams) into natural earth. i think this depends on the type of land too (volcanic, clay). your builder should be able to explain. if the land slopes it can meen that the sit cut one end will be deeper than the other. im sure someone with more experience in this area will respond. good luck.
hi, welcome to the world of renovting…….so rewarding.
We always start with a budget, look at what needs to be done from most important to least important. Keeping it realistic and freindly to all is so important espesially if selling or renting the property. An A-Z of renovating would be great but it would not suite every job as each reno is so different and little suprises always pop up along the way. Im sure you will find this once you get into it. Ask as many guestions as you can, find people nearby who can show you how to do more thinks yourself, most people are really happy to help if they can see that your 'having a go'. I would also try to remember that what works for another may not work for you. Interesting reading the above posts…….. does everyone paint last????. We always do the floors last and find it much easier, but you have to have the right sander to not make dust. We also always start the reno before settlement, this is always written into the contract of sale, but we are in vic. I hope someone from SA can help you with this. good luck and enjoyHi emma, why dont you keep looking for a ppor, if you are pre appoved you will still get the FHOG. With 100% fiance on an ip you will miss out on FHOG, thats in VIC. The gossip here is that the FHOG will be increasing??? do some more home work and ask your lender about your finance options. good luck.
let.
Hi dave, good on you for having a go. We are into major renos too. Currently purchasing no.3 which will be ppor. Intend to do current house area prior to extention as cost with owner builder (OB) are reduced by thousands. This wasnt the plan at the start but a little thinking outside of the square can be very profitable. Im in VIC, we have heaps of info about OB at local council… read..read..read..and find the loop holes. Keeping in mind there is a difference from renovating to building, and timing your projects for permits against project cost has worked for us. The rules may be different in your state though. good luck.
let.Hi, if you go through the realestate.com.au site you will find some helpfull calculators, they will allow you to look at many different options. hope this helps.
Hi ozboy,
I have just fitted some new vinyl wrap cabnets which caused major problems……… The glue batch was faulty, the manufacturers had to pay for all losses. Our tradie (and family friend) believes that bubbling and peeling is rare and that how they are treated has alot to do with it. It does raise the question of how they are made to start with… Is the glue OK, are the products free from defects and are they water tight.Hi koons,
If I were in your position… I would take the FREE money from FHOG, live in the property for 12 months as required in vic. (This property can always be sold). Renting ??? may be an option if I couldnt afford to buy but thats only waisting money in my veiw. The IVP sounds great but without living in it you will loose the FHOG. Also look into all tax aspects as they vary according to your situation. I understand your delema but remember you have to crawl before you walk, also that great things come from equity.
