Forum Replies Created
Contact a quantity surveyor for the depreciation schedule. BMT & Associates (ph92416477)have been recomeded by my accountant. Never used their services or not sure if the phone no is correct.
Opportunity
Thank you Chis for your opinion. Did u realise the holding cost at present is over $18000 pa and if we build it is going to reduce to around $5000 pa. On that basis, we assumed it might be a good idea to build since we are saving around 13k-15k a year.
I am very interested to see more opinions.Cheers,
Opportunity
Thanks so much for the reply Duckster!
Opportunity
Hi Bernstar,
We have been looking at a dual occupancy development (two husband and wife teams). We have doen the ground work and all the sums. But with the uncertainity in the market and everyone warning hat prices will fall further, we are sceptic about our decission. When we calculated our margins they are quite tight it dos not have room for a price reduction. If there were to be a price reduction we may not lose out but we may not make any money. If you could part with some advise I would appreciate very much.
Regards,
Opportunity
I bought a block of land last year with the intention of building a duplex. There is a fribro dwelling on the land which is rented after some minor renovations. I have not read any of those books (thanks for the recomendation) nor did I know about this forum when I made the decission to buy. Me and hubby checked with the council, their requirements on dual occuapancy and bought a piece of land that fits.
However, by looking at the land we could not decied if it was sloping towards the street or otherwise (for storm water purposes) which needed a contour survey which we did only after purchase. In ourcase we were lucky it was sloping towards the street, if not it would have been a case of asking for an easement from the neighbour. This is to do with our council regulations.
I am in your situation too. Not knowing how much a duplex would cost. But we had an idea as to approximately how much it would be. Looks like it will cost $500,000. Is this too much?
Is it a good idea to go with a project builder? They have quoted me with a sight cost of $50,000. I think this is far too much.
By the way this is going to be in the Parrmatta council of Syndey. Now I am wondering if we could subdevide the land and build two houses next to each other without a common wall. I have not checked with the council the possibility for this. I have heard that duplexed are not that much in demand. I appreciate if anyone could advice me.
Thanks for recomending the books, I sure will get my hands on them.Thanks Scott for your reply. Those areas sure is promising. What do you think of Woy Woy, Windsor and Doonside?
Would anyone be able to advise me the pros and cons in buying commercial property. I mean shops.
Thanks
