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"Another option may be to just delay it, by delaying settlement. eg. long settlement, wrap or lease option."
Is that really correct? Would be interested to hear more
Real Estate agent fees will range from 2% to 3%, depending on how hard you negotiate.
Also, this is one tip that is the best I have heard of to lock an agent in to his quoted price. That is, if the agent you list with says you will get $560,000 then you will only pay him full commission on that amount. For every $10,000 less then he starts losing percentage on his commission. This is the best way I have heard to prevent agents from overquoting.
You will also have solicitors fees – could be anywhere from $500 – $1500 depending on who you use but be sure to use a property solicitor.
Again, depending if it is your principal place of residence will determine the tax costs etc.
So how did you go – did you buy?
Send your details to [email protected] and I would be happy to have a look at it for you or point you in the right direction
My advice (as a builder) is to make sure your build costs are locked in first. Don't assume that just because the project home builders advertise in the papers for new homes from $700/m2 that you will be able to build for that price. Remember, they build 2000+ per year and are building the closest thing we know to mass production in this industry.
Rule of thumb, custom made one only buildings will be 40% – 60% more expensive per m2 than what you see in the newspapers for standard designs. What this means in reality is a build price of between $1100 – $1500 per m2 incl GST – depending on what level of finish you are after.
Hope that helps – investing is a numbers game and the numbers don't lie!
GST is the novice developers end of project nightmare.
There are many that thought they had scraped out of the deal with a 10% profit and feeling very chuffed, only to be hit with a 10% tax bill on the sale price. Sure, you can claim your GST credits back but my understanding is that you need to have been registered for GST before commencement.
At the end of the day, if you make a profit then you will pay GST – best budget for it up front. Understand also that some legal and property costs are GST exempt, but not many.
In answer to the technical question, these days you can stick straight to the flooring however you need to get the right advice from your tile shop to ensure you buy the correct flexible adhesive. It is more expensive but worth doing it right!
Yes, the tiles are a cheaper option that polished timber floors and in addition you don't have the same maintainence upkeep from having to resand and polish every few years – especially in a renter!
Excel really works the easiest but if you want to go all the way then this product (that you pay for by subscription) is probably as good as it gets.
