CherryBerryParticipant@cherryberryJoin Date: 2014Post Count: 1
Please can anyone with experience explain to me how to build on the back of a block?
1.What are the things I need to be aware of?
2. What insurance types do i require to build?
3. What is the minimum buffer I should keep aside in case of something going wrong?
Any other thoughts would be appreciated. Apparently, I will have to organise separate power, and I can’t rent the front house out while the back house is being built, does this sound right? I have spoken to 2 financial planners and they say that I will be up to my borrowing capacity after this build. Already they have projected that I cant retire till im 60 or over, and only on an income of $30k or less. I was aiming for a $70k income in retirement. So it’s essential I get the build right and am aware of any issues that could arise
You’re welcome to let me know of anything, no matter how small or simple as I may not know and it will help others in a similar situation to mine.
Thank you in advanceJpcashflowParticipant@jpcashflowJoin Date: 2007Post Count: 575