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Hi Matt, yes it is a tall ask, but to achieve results in this market one must think outside the square. It is run through a business structure of sorts, more like trustee company actually. Good points, thanks. Especially since I manage it plus website. Goodwill is the space I need to check for validation. Thanks.
Am concerned if this will lead to a “financial armageddon”. In the short-term I’m wondering if the banks will pass on and if this may stimulate property buyers to come out in market areas that have been neutral to negative.
Thanks Terry. Taken that onboard.
Thanks for your comments guys. We're actually the sellers not the buyers. A proposal was suggested to us in this manner.
Hi, A fixed price would be better, as an hourly rate can really blow-out costs on these types of jobs (we had a "ball-park" figure on a reno, based on hourly + materials, which blew out by 10K). The fixed price is good for saving you the worry of tradies taking longer than necessary to do the job and the tradies usually work faster to get the job done. I'd recommend getting about 4 or 5 fixed price quotes with timeframe incorporated in case there's issues or hold-ups with getting materials. You may be surprised at the difference in quotes. Also, the cheapest isn't always the best option, we've had that cost us too.
Good Luck,
Tamara