- Matt39Member@matt39Join Date: 2012Post Count: 42
I am looking at a few large blocks with houses in Toowoomba with plans to renovate and reconfigure a lot on two titles or subdivide. Can anyone please give me a rough idea on sub division costs and reconfiguration costs (I have heard this is cheaper than sub dividing a singular lot) and anything else I may have to take into consideration? Eg) legals, services etc. Any feedback appreciated !RPIParticipant@rpiJoin Date: 2012Post Count: 308
The 2 lots means you don't have to pay infrastructure contributions for the second lot, up to $28k in QLD.
Town Planner $2200
Plan Sealing $1k
water & sewerage $1-$10K each depending on whether you need to cross roads or not.
Underground power and telecoms possibly also.
DMatt39Member@matt39Join Date: 2012Post Count: 42
Thanks for the input mate. So overall lot reconfigurations are usually cheaper? If that is the case I may chase them further.GiumelliGroupMember@giumelligroupJoin Date: 2010Post Count: 73
Matt39, Yes they can be but it always remains buying the right block for the right price is where you will benefit as you always make your money on the purchase not the sale.
Some other things to consider as I have personally come into:
*Arborist 2k – 5k
*Tree removal 3k – 5k
*Excavation & dumping 4k – 10k
*Neighbours – arent they a chore 2k
*Council delays relodging for amendments 1k – 3k
*Renovating contingency for the un expected as Qld'ers are very expensive to paint if it is lead paint for example – 20%
*Water & sewage this can be a massive expense 5k – 15k
*Telstra connections 1k -3k
*Power pole installation 1k – 3k
*Driveway costs – this will depend on what council sets as a requirement 4k – 10k
*Retaining – sky is the limit here
*Second house – 75k – 200k
Boundary realignments are the easiest way to go and most cost effective i find, along with enabling you to still create solid profits if you do the job right.
Hope this helps