Forum Replies Created
I would rather paint the roof, when the gal has been striped and the rust starts to set in you will have a bigger problem to deal with, get it painted it will look great and give you some protection. The rust only needs a small unprotected spot like the one you scrubed to start and will spread all over, keep in mind it will take a long time for this to happen but why not deal with it before it even gets started.
Astro,
Where is the house you are talking about, state and suburb.
If council permits you can build a duplex on that block, depending on the existing property the demolition cost will vary, 16m frontage is not to bad to subdivide aslong as you make the most of the block and drawup a nice set of plans. Builders want 5% before they star and invoice for progress payments, if you get a builder make sure you put a penalty if they go over the proposed time frame and also keep a rentention clause so that they get the final 10% after completion. If you want to save money you can do build as an owner builder and hire individual contractors to carry out the work, but you need to be able to manage you money, time and the contractors.As far as I know 10% is only a nice round figure that the agents insist on, I bought a property in Sydney with no deposit, you can put a deposit of as much or as little as you want as long as the vendor agrees to it. So don’t let the agents tell you that you have to put down 10%, just for that I would lower the deposit to 1% to teach them a lesson. If the agent is smart they will try to close the sale or they won’t make the commission.
George,
Where is the house located, ie what state and city?
By the sounds of what you are saying you are buying of the plan from a builder, If you need to borrow the deposit aswell I would not buy unless the property was completed, unless you can negotiate another deposit amount, maybe $1000, or an amount that you can afford to put down.
