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  • Profile photo of w0mbatw0mbat
    Member
    @w0mbat
    Join Date: 2011
    Post Count: 8
    September 6, 2011 - 11:48 am

    hey everyone,

    thanks for your great advice. 

    Cheers
    w0mbat

    Profile photo of w0mbatw0mbat
    Member
    @w0mbat
    Join Date: 2011
    Post Count: 8
    September 3, 2011 - 4:54 am

    Hey everyone,

    thanks for all your tips. I think the $50k is cause I don’t know where to get materials – I am in the central coast nsw. how do you get a kitchen so cheap? even a cheap one I look at it is $12k. I will never, ever paint ceilings again, but happy to paint the rest of the place. Is there like a quick checklist you guys have at all?

    The place I am looking at is 40yrs old, is only in average condition, termite damage, borer damage – house is ok until you start to have a real look, some water damage. I am thinking the risk may not be worth this one. that is why I really wish I knew someone or got one of these courses so I can get some help :( I am sort of handy – not useless, but my dad is very handy so we are thinking to try and do as much as we can ourselves.

    I really think materials could be my killer…….

    Cheers
    w0mbat

    Profile photo of w0mbatw0mbat
    Member
    @w0mbat
    Join Date: 2011
    Post Count: 8
    August 26, 2011 - 4:15 am

    G'day everyone,

    Thanks for the welcomes :)

    Very informative for me as a newbie at this, so thank you for taking the time to respond.

    I am thinking I might just get the 800m2 block instead of the 400m2 block, though it may require more work up front.  If I am doing development work do you recommend waiting till after 5years to lower the capital gains tax?  It is in a coastal suburb that I believe will be going up and going through it with my mate who is a architect we can easily do the 2 x villas and 2 x townhouses ourselves, but I was thinking more of getting the DA and then selling.  What are your thoughts on that?  I have been told developers generally want to squeeze in as much as possible where architects like to have more room, so sometimes selling with a DA is a bad idea? is there a way of working out if say you got a DA worth $50k (not that I nkow how much they cost) that it would add like $200k in value – is there a rule of thumb?

    Does anyone happen to have any software they usespreadsheets they use that they would be able to share to assist me in working out my calcuations?

    Thanks for your help again,
    w0mbat

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