Forums / Property Investing / Value Adding / Rough Breakdown of costs to demolish and build 3 or 4 units

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of ChrisBirnieChrisBirnie
    Participant
    @chrisbirnie
    Join Date: 2013
    Post Count: 3

    Hi Guys i am thinking of developing our live in property in Kilsyth. There is a 4 unit development going on the block next door to us maybe about same size as ours or slightly bigger (1000 sqm) so it seems getting approval should be ok. The property if mortgage free. The block is also a sloping block so groundworks would be required.

    We would demolish the existing house then keep one for ourselves and either sell or rent out the others.

    My questions are:

    Costs to subdivide the block into 3 or 4

    Architect and approval / permit costs

    Groundwork costs

    Construction costs

    landscaping costs

    Anything else i haven’t thought of.

    Profile photo of Solomon10Solomon10
    Participant
    @solomon10
    Join Date: 2010
    Post Count: 134

    To do all that for a nice finish level for Kilsyth i wouldn’t expect much change from a million. Also factor in selling costs,and taxation.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.