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  • Profile photo of Made_ManMade_Man
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    @made_man
    Join Date: 2013
    Post Count: 35

    $50k sounds fair. We done a similar reno with me doing most of the work and it set me back around $35k
    i saved about $7k on the painting and i also saved more by doing the electrical and demolition myself

    Profile photo of Made_ManMade_Man
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    @made_man
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    Granny Flats can be build in the front. its up to you if you want to build it with a DA or a CDC

    Profile photo of Made_ManMade_Man
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    @made_man
    Join Date: 2013
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    One change that i found would be usefull would be that when you click on a link it opens in another tab and not in the same tab that your reading. this way you can finish reading and then click on the tab. a

    Profile photo of Made_ManMade_Man
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    @made_man
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    at 47sqm i would do 1bdr as the overall size would be really small.

    Profile photo of Made_ManMade_Man
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    @made_man
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    Post Count: 35

    cheaper rent is an option however you would need to take in to consideration some of the below.

    • builder does not leave rubbish around like they normally do and do a final clean up before handover.
    • who will be paying for the water and electricity during the build as this will spike during that time.
    • trades normally do 7:00am starts – would this bother the tenant.

    i cant think of any more points at the moment but im sure others would come up with some. 

    Profile photo of Made_ManMade_Man
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    @made_man
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    having the front tenanted while building in the back may cause some problems with the tenant 

    Profile photo of Made_ManMade_Man
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    @made_man
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    what type of costs have they been giving you?

    Profile photo of Made_ManMade_Man
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    @made_man
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    Call up a few of the local agents and enquire about some of the listings they have and attend some of the local auctions. By doing this you will see who makes the most effort and which agents are hungry.

    Profile photo of Made_ManMade_Man
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    @made_man
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    Post Count: 35

    Go the glass top. We used to have the coil but always had to fix it every 6 months.

    Profile photo of Made_ManMade_Man
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    @made_man
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    they have decided to keep the property now but thanks for you help anyway.

    cheers,

    Made_Man

    Profile photo of Made_ManMade_Man
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    @made_man
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    It was 60m2

    I'm also doing another one now and its costing me $94k

    Floor space is 112m2 Internal space is 60m2. 

    I was receiving quotes between $90k – $200k So the gap is quite large.

    Profile photo of Made_ManMade_Man
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    @made_man
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    Not hard at all i. I changed mine last year, no issues. He even resubmit some of my old returns that the last accountant messed up. I did however have all my past paperwork

    Profile photo of Made_ManMade_Man
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    @made_man
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    will you not have to also pay CGT once the property is sold as it will be classified as an investment property. would be better of keeping it as a PPOR  that way you save on the tax?

    Profile photo of Made_ManMade_Man
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    @made_man
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    Yes the prices are really high, the only issue is people are pay that price so everyone keeps on charging. i have had quotes in the past to build a GF and the difference between some of the quotes was around $40k, when i called up and explained that i had quotes a lot less than what they quoted they offered to match the price. just goes to show the amount of money some builders are making on this GF hype.

    Profile photo of Made_ManMade_Man
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    @made_man
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    Are you looking to purchase a PPOR or  IP 

    Profile photo of Made_ManMade_Man
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    @made_man
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    just like Jamie said. Crunch some numbers and only offer what you think its worth, even if its lower than the asking. You may be the lucky 100 offer that makes them realise they are asking more then they are going to get. 

    I have had offers accepted that have been under the offers above guide price.

    Profile photo of Made_ManMade_Man
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    @made_man
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    You are taking to your client. LoL sorry for the confusion I have just changed my forum name

    Profile photo of Made_ManMade_Man
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    @made_man
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    GF is located in Greenacre

    Profile photo of Made_ManMade_Man
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    @made_man
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    i know the cost to paint a standard 3bdr house is around $3k and to buy the paint and material for DIY is around $500. price comes down to what you already have like brush, trays painting stick the less you have the more it will cost you. in saying that it will be less the next time around as you will already have everything and will only need to pay for the paint.

    also like Jamie said you really need to buy good painters tape as the cheep ones are really hard to get off the wall and may event task some of the paint off.

    cheers,

    Steve

    Profile photo of Made_ManMade_Man
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    @made_man
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    i would have to say site auction over room. people would get emotionally attached to the property if they are standing in or in-front of it however if they are in room off-site they might forget how the property looked and may drop off as a bidder.

Viewing 20 posts - 1 through 20 (of 32 total)