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thanks Jacqui! that did point out a few costs that I was un aware of, I have gorn a little cold on the units, favouring building a place for us and trying to hold on to the place we are in as a rental, scary because we would end up about 700K in debt on the 2 houses!
at least by doing this the place we are in now should be positively geared and help pay the other place off. ( 240k debt $1600 rent income) just leaving us to service the 500k ish on our place.just on a side note, can you claim a vacant block as an investment property till you start to build on it? or dose it get messy?
it sounds like a simple task, but I would be worried as to the final cost of the project, depending on the roof shape you might have to totally have to rebuild the top of the house, depending on age an what you want to do with it when all done it could be worth knocking it down, (or getting someone else to remove it) and building a new place/townhouses/units.
out of interest what was the quote to move it a few meters?
