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Regardless of how cheap you want to build it, you will need to meet BASIX requirements ie energy efficiency. A project home builder is probably the way to go – they will give you a ballpark figure ie list price based on the standard designs. $1,200 isn't ridiculous (needs survey/preliminary design/costings). If you already own the block, get committed, if you are kicking tyres use warm and fuzzy numbers.
Had to laugh – checked out the qualifications page: Licensed Real Estate Agent (any BA has to be a Licensed BA), Undertake 12 Points CPD annually (also compulsory from Fair Trading).
Mikand wrote:Terryw wrote:Under 50sq m?According to the title, it is approx 160sqm.
A one bedder with extensive gardens/entertaining area/triple garage?
The RTA has to write to the tenant confirming that they agree with the amount to be deducted from the bond. They will release the money within 48 hours – this should be to your account not the agent unless the agent has paid for the repairs.
From what I have gleamed from my contact with caravan parks:
- Land is often a mix of freehold & leasehold (a portion may belong to council/railways/utilties etc)
- It is a 24/365 job, not even 24/7 – there isn't a ready pool of locum managers available
- Carry out lots of research – business brokers, specialist valuers, solicitor, accountant, council, town planner, insurance broker etc
- Often located in best/worst locations (great position but subject to floods, environmental zone etc)
- If you pick the right site, it may have development potential in the distant future.
- Need to know the metrics for the industry, how many permanent sites/overnighters/camp sites etc, occupancy rate etc
check your pm's
Which resort James?
Which state are you looking at James?
In NSW Richardson & Wrench has the contract for the disposal of surplus sites for DoH.
Even though you're in a trade, the time that it takes to build (ie project manage, tender, coordinate trades, clean up site, supervise, purchase materials, keep the ball rolling etc) will way exceed the savings that you might make. If it takes 6 months longer to build than a builder, your interest costs will chew up whatever savings you have made. The downside is the satisfaction of not having done it yourself. If you run with a bog standard project home, the prices are pretty bare so you couldn't beat the price with a one-off design.
If need be, you might consider excluding some items from the builders works eg the plumbing works (if you hold all the appropriate licenses) but it may delay the builder if he has to wait on you to carry out drainage, stormwater, rough-in or fix-out (any excuse will do for an extension of time claim if you aren't there).
Contact Telstra, they probably have a pit on your side of the street.
Why didn't the electrician run the cable in the existing conduit?
Each of these are variables depending upon the area you are investing and the property type: newer areas often have higher rates than established area as the council is still establishing the facilities, insurance varies depending upon risk (rough areas etc), repairs/maintenance – ballpark it at the same rate as general depreciation (2.5% pa of building cost), management fees vary depending upon each state eg WA may be up to 10%, Sydney/Melbourne 5-8% depending upon the number of properties and quality of property manager.
'The Crest' has a wealth of experience in this area but a specialist valuer would assist greatly in the valuation of the business and freehold. See the link.
The new property manager often serves the notice to the existing property manager and takes over until the notice period is served out (unless there are outstanding matters).
What is Internet Explorer? Oh that's right, it is the one I delete as soon as I download Opera/FF/Chrome….
Reno pretty much sums it up in a nutshell however if you only hold a certificate of registration, you can't be a contractor ie commission only sales person. You would need to do a course (probably Real Estate Institute in your state or Tafe/OTEN).
You are often paid on a debit/credit system ie earn a low base salary and commission which are then paid off against any commission earned. If you don't earn commissions through sales, you will find yourself out on your backside pretty quickly.
To calculate the stamp duty, visit osr.nsw.gov.au and search "stamp duty".
You will find that many builders selling home & land packages may consider selling the land and enter into a separate construction contract (thus minimising the stamp duty payable).
Plenty of threads about what people think about rent guarantees.
jarydneethling wrote:I understand that there are a number of variables that come in to play, however I'd like to know if there is a quick formula I can follow if and when I find a good deal. My understanding is that you cant really tell too much from the rental yield percentage as that does not give you a clear idea of what the exact cash return is (including paying interest)Hope to hear from someone soon.
Cheers!
- the most basic rule: Cash out vs cash in (if cash out exceeds cash in, then you are negatively geared, depreciation excepted), don't take into account tax scenarios
- consider net cashflows (not gross figures, as you should compare apples with apples).
- remember to keep capital items separate from cashflow
You will need to get a feel for returns on properties by doing countless analysis for each investment opportunity. When you can see patterns, then you might consider shortcuts.
Daveybear wrote:Yeah i am gettin tired of them too. Do you read books then?No I wait for the movie.
Work out if the house can be moved – is it high set/have adequate access underneath to resupport and then put on wheels to move? You will need to reestablish all services as well as stumping/piers etc for the new location. There is also the risk of having all the walls/windows/ceilings crack.
Have a chat to council's town planner to find out their requirements. (What doesn't meet BCA eg: room heights, windows etc?).
It may be cheaper to knock it over and put in a clad home of similar size.
