Hi, another newbie to the Forum.
Looking at purchasing our first PPOR and I.P which is old weatherboard home on large corner block. Our intention is to subdivide property, repair residence and later build on new subdivision. However, the residence is in very poor condition and the renovation costs I predict could blow out from $50,000 to $100,000.
My question is, has anyone recently undertaken such events and how did you forecast and budget such for large renovations? Is there any information or guidelines available which allows you to reasonably predict the costs of re-stumping, plumbing, re-roofing and re-wiring to mention a few?
See
https://www.propertyinvesting.com/resources/40.htmlRenovators Toolbox on Online Shop link in this web site
Always get at last three quotes from the trades people.
Also Author of Reno toolbox has been conducting renovation tours
I found out about this product from attending TroyandBec ‘s investing meetings that are held monthly.
Brett Duxbury
Duckster Financial Services
Mortgage Broker
http://www.ducksterfinancial.com
Helping to make the great Australian Dream come true !Comments are of a general nature and may not be relevant to your individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
P.S if you need a Mortgage broker look no further.
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