Forum Replies Created
If the question is “Is it cheaper?”. The short answer is no! The long answer is it depends on what you are comparing it with ie. Treated pine frame without other termite treatment. Standard pine frame with other termite treatment. Treated pine with other termite treatment. If you compare treated pine with steel and no extra treatment my considered opinion would be that it is cheaper. I would suggest trying to get an opinion from the area in which you are looking to build. I’m in WA
LW,
There are some really good brokers that contribute to this forum. If you make the move to contact them I’m sure one or all will be able to give you as good advise as you will receive anywhere. Just ask or email them personally.
Go for it and good luck
PudG’day PP,
I have had a lot of experience with building in steel frame both wall frames and steel roof trusses. In my experience there is no down side to this product although, as a carpenter i still like working with timber. Most steel frames are made from zincalume steel these days rather then galvanised steel. As such the issue of rusting edges where holes have been cut is significantly reduced as is the need for protection from the concrete. That is not to say you should not apply this protection but the Building Code of Australia (building bible) does not specify that this be done.
Another plus is that the structural elements of the building if built in steel are fully protected from termite attack whereas this may not be the case with timber frame. It is true that steel frames are usually straighter than timber frames although timber frames are usually constructed within tolerances and do not cause a problem.
I would have no hesitation in building my PPOR using steel frame. It is a very good building product. Incidentally, I now work as a building quality control manager and have found no major problems with steel frames.
Feel free to ask more questions as you desire.
PudG’day Troy,
As a member of the building industry and having past direct experience in what you describe I can say that the smoke damage can be rectified for a reasonable cost. Exactly how much would depend on the extent of damage so have a registered painter take a look and give you a price.
Generally what is required is to clean the affected areas with sugar soap or a product called Tricleanium. (I’m sure there are other products on the market which will do the job just as well) After cleaning, the surfaces will look absolutely terrible but don’t worry!! Give the surfaces a good coat of sealer fit for the purpose (the paint store attendant should be able to advise you on this) and then 2 coats of premium quality paint and Voila!! good as new!!Cheers,
Pud
G’day QLDS007,
The concept of never, never sell is still valid never mind what theories there are on any ulterior motives by anyone. You still do your due diligence before purchasing and as long as a doubling of value occurs in a reasonable time (say 10 years) then why would you sell an appreciating asset? Just have it revalued every year or so and leverage off the equity to fund further purchases or otherwise use the money elsewhere.
Are you saying that the property market in QLD falls in value over time or just in the short term?Cheers,
Pud
G’day Sue,
If you want to flesh out the concept of never, never sell then check out Derek’s post in this thread and go to the link at the bottom of his post. The Investors Club use this strategy and so do I.Cabo Wabo,
The Investors Club link may well be what your friend is looking for. It’s worth a look anyway.I have no direct interest in The Investors Club. I just happen to like the concept and I have aquired property through them.
Cheers Cabo and Sue,
Pud
G’day Mei,
Are you looking to build and sell or hold and rent out?
PudG’day Cabo Wabo,
Never never sell. Borrow against the equity in the place to build a home on it then rent it out. If he doesnt want the bother of tenants then still develop the property and then sell. Will still have CGT to worry about though. Never never sell for mine!! Just sit back and harvest the equity or gear off it for more properties. He could be a big time property tycoon like everybody else in the forum hehe!!!
Cheers,
PudSkippygirl,
Can an income be found from the land? Is it a rural property which could be leased to a farmer for agistment purposes or some such thing. Fencing off the sensitive areas first of course. Or maybe it could be rented out for storage or a holding area for machinery. There are all sorts of possibilities. This would then take care of the interest cost hopefully, thereby not using as much of the equity.Cheers,
PudG’day Skippygirl,
My suggestion would be to harvest enough money from the equity to live on and pay the expenses – forget the pension!!
A financial institution would jump at the chance to extend an interest only loan I’m sure for say $50,000 per annum for the Octogenerian to live on. Remember that this would equate to an income of $90,000+ because no tax is payable on a loan. The interest is payed out of the $50,000. Granted that each year the amount owed rises by $50,000 or so but after say 10 years the amount owed would be possibly $600,000 allowing for inflation but the property should have doubled in value to approximately $1.8m so the equity in the place would still be $1.2m. Do you get my drift?
This scenario eliminates the need to sell and with it all the associated costs. In fact I would suggest never never sell. Just harvest the equity as I have suggested above. Even when he passes on and the property is willed to the nieces and nephews I would be very reticent to sell. Just keep harvesting the equity.
This is not my idea btw. I’m not a lateral thinker!!. Check out http://www.theinvestorsclub.com.au for more information on this method. I have no affiliation with them but just think it may be a solution to the problem you raise.
Let us know what is decided in the fullness of time.Cheers and good luck,
PudG’day Dazzling,
I appreciate your insightful comments on the forum.
This year has been a big one for us because we finally dipped our toe in the water and have purchased 2 IPs in Brisbane and waiting on contracts for the 3rd in Darwin. Looking for one that suits us in our home town of Perth but haven’t found quite the correct one yet. Rents are a little low in Perth I think so our numbers don’t quite stack up yet.
The New Year will probably see us buy one more which will give us 4 IPS and PPOR. We will sit for a year then and watch what you and others on the forum are doing.
All the best for Christmas and the New Year.
PudThanks Dazzling and Marisa, my ‘Handbrake’ (read wife) here says we’ll go with Dazzling’s idea and follow up with MYOB when or if we need to. Thank you both for your imput.
PudG’day ASHB23,
I’m in WA but we have similar situations happen here. The main purpose is to reduce costs with the local council and also service authorities such as Water Corporation. A way around this may be to offer to pay the fees to have the ‘conditions of use’ changed for the separate dwelling from ‘Granny flat’ to general use (for renting out) and to pay any fees due to the service authorities. It’s worth a go anyway.
PudBruham,
I live in a Southern suburb of Perth. I have 2 townhouses in southeast suburbs of Brisbane and looking at an apartment in Darwin at the moment.
PudNothings stopping me. Settle next week on my 2nd property in QLD. Just tonight put in an EOI on a property in Darwin. That will probably do me for a while as I am in the Buy and Hold camp. Need to build more equity before I can go again.
Great post Wasp. Just thought….What sort of a sting in the tail do you have?
PudI’m the Group Quality Control Manager for a large residential building company. It’s an occupation I like very much….Apart from investing that is.
PudI reckon I’m an Intermediate but on the low side because I invest interstate ( 1 townhouse and another settling this month in QLD) but I wouldn’t say I’m aggressive….More cautious.
PudHardy,
What state are you in?
PudThe Investors Club use this theory. Try their website at http://www.investorsclub.com.au for the full story.
