Old post.

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First you need an Architect, then Engineer and then Approval from Council before you deal with the builder.
As the slab is already laid it is most likely that no engineer will sign off on it, and that you will have to demolish it and start again, or it might not comply with your DCP rules.

Once you have the approval then contact the builder to…[Read more]

Cintaku i like your taste. However that taste is very risky in Australia, and you wouldn't be able to do that in any street,  i have done some research over the years and this would only work in rising market and in the best streets in the city, ocean fronts and such, if you do that in ordinary street you would most likely overcapitalise your…[Read more]

Why cant you borrow against existing house and buy another 1 for renovation, get another personal loan to fund for reno and repayments and you will be fine, the quicker you renovate the sooner you will get out of debt, in first 2 properties it will be hard but once you build some profit it will be easier. If you sell your current property you will…[Read more]

No wisepearl, if there was no deaths you don't have to disclose anything to the new purchaser. If there was death or was a crime scene before it must be disclosed by Agents if they are aware of it. However the law is very funny sometimes and leaves so many unanswered questions.

Jamie i disagreeI'm not looking for any loop holes, all i wanted is right information so i know if i should buy this property or not. I don't want to buy the property and then be stuck with it. Deaths and accidents happen everyday, and how do you know that the house you are living in hasn't been a crime scene before?

Thanks Scott, Yes i am aware that law exist for stigmatized properties, but its unclear as how long this lasts on the property, i mean it cant be 100yrs Fair Trading has an article about this but all they talk about is Agents and licenced practisioners, no where they said how long this should be mentioned to the new buyers, and also they haven't…[Read more]

Rendering is more expensive then face bricks, so he is not cutting costs. It Costs more, maintenance fees are higher over the years, but it looks better and you get better thermal mass. If its the modern European look that you are after then go for it.

Most Councils will not allow pump-out-systems in NSW. If your block is sloping towards the back then forget subdivision or court unless you can negotiate with the neighbors for the easement, and you cant force anyone to let you go through their property, you can only pay them. Problem is not in 100ye, problem is for everyday storm water which can…[Read more]

Advertising will not help you get work, who ever is choosing builder he wants recommendation. Once you find a potential client, most likely they will want to visit your completed properties, they want experienced builders, cheap quotes and quality work. It is very difficult out there, my suggestion is, go and get a job as Site Foreman for big…[Read more]

My experience is over the years there was times when i had paid more GST then collected, and i was NEVER able to 'hold on' to GST. As i explained in my previos post, Gov. gives maximum $2,000 which you cant hold, you can only deduct it next time you make profit. This is just my experience, you better talk with an accountant.

Jazz77 in NSW is different, a builder MUST have a company licence if trading under the company, i nearly got fine $1,500 from Fair Trading back when i just started for not having company licence. I don't know how he gets away from it, but i can only see one way out, he closes down the company and company doesn't exist any more, and Home Warranty…[Read more]

mark76I think that is not possible, Builder is the one that will claim back GST on expenses, and ATO doesn't pay GST twice. It works like this;-You collect GST when you get paid (you wont make income, thats the problem)-You pay back GST on your profitIf you go in minus in that financial year, like what you are saying you will do with your company,…[Read more]

younan21 My advise, forget banks, and forget building duplex. There are many builders out there with big pocket, and many of them are not doing it, because they cant make money on it, unless you own the land which you purchased 6-7 years ago. At this stage land is very expensive, construction costs are high, and there is too much risk, and too…[Read more]

My apology to DWolfe and Jamie M, No hard feelings guys, i didnt mean anything bad, i just didn't use the right verbs.

Wombat clearly stated that his property is 300k, so giving him poor advices will send him bankrupt very soon. I would just add that no house in Australia is the same, and no area is the same, so you really have to do your research, what to change and how much to spend. Advices like 'go to bunnings and buy some paint and flat pack kitchen and make…[Read more]

I really don't think you will make much profit if you spend 10k on your house. Wombat you are right, good kitchen with stone and appliances will cost you 12k. If you start using flat pack kitchens, and painting yourself even though you never did it before, you are wasting your time and money. My tip. Buy cheapest house in the best area, and spend…[Read more]

The reason i asked about builder's liability is i know one builder, who does shocking works, and he is been doing it for many many years now, and some of the jobs that he did were repaired by Home warranty insurances under 6 yrs, and not by him, so i dont know how he gets away with it, and still continues to do so, thats why i thought he probably…[Read more]

Great advice Terry, The only problem i see with trading company is, if i don't own any assets under that company it will be hard to get finances for new properties. But i will definitely look into trusts. Another question when you have time, If the building company is trading for few years and has its own builder's licence number, and does couple…[Read more]