Hi everyone,
Just wondering what your thoughts are on this senario. purchase 1: 3 bed clad and tile relocatable home with polished floor boards $2500, (have not sighted as yet) purchase 2: land in rural NSW (ie looking at several sights near tamworth, dubbo and griffith from 16k – 35k neg (the latter being a 2020sqm block with possibility for subdivision.) therefore total outlay of $18500-37500. + relocation costs for house. (by the way does anyone know how much it costs to relocate a home? is there a sort of estimated price per km it needs to be moved?)
Obviously i would like it to rent for $55 – $112.5 to be positively geared. Can’t imagine this to be too hard if the home is 3 beds in good condition in an area with a resonable rental demand.
(note that this is quite a basic sum, I havent taken into account the moving costs, or connection of water, gas, interest repayments etc, etc as I have no idea of these costs, however if you do please feel free to add them to the equation)
Would love to have some feedback on this, im still new to all this and just having a play with figures and ideas.
Thanks
Guccigal‘There is only one success – to be able to spend your life in your own way.’
Hi Guccigal,
Have a look at this link for the cost of house removals; http://www.dalbyremovalhomes.com.au/.
It’s quite a good site, though its based on you buying a house from them for relocation.
Cheers,
CroccoGuccical, you are talking about figures which aren’t achievable.
There are many pitfalls.
Firstly the house has to be the right kind of house, sizewise.Regulations limit the width of a house being moved. It may have to be broken up in two or three pieces. The house may not be suitable anyway to be moved.
The farther the house has to be transported the more it will cost you.
I would hazard a guess and come up with a figure of say $ 25k for the moving bit.
Don’t buy a house which is too ‘old’.
One way of judging is to look at the windows.
(are they ‘modern’ windows i.e. aluminium windows?)ALWAYS have a housemover look at the house to see whether it is suitable.
ALWAYS check with council to see whether they need to inspect the house first.
Once the house arrives on your block of land you are up for the following cost at the least :
bricklayer to lay foundations.
plumber to connect the sewer
electrician to rewire
painter to freshen up the house
carpenter to make repairs.
appliances to be installed ?
replacing concrete floors which have falled out during the transport
concretor to lay new driveway and garden paths
garage or carport to be erected
NEVER deal with a housemover unless he has a lot of experience. There have been instances where the house collapsed whilst being transported, the house being abandoned whilst in transport and the housemover taking your moeny and not doing the task.
When it is all said and done, there is an enormous amount of work involved in doing what you are talking about but in the end you will finish up with a house that is usually much larger than the new houses which nowadays are being built and the cost is considerably lower than any other way of getting a house.
Pisces133
I just had a look at the website Crocco mentioned and I would think that the vendor is asking too high a price.
One could say that he is looking for ‘suckers’.
The best way to find them are in your local newspaper and/or approaching the Department of Main Roads who from time to time may have suitable houses for sale (usually by tender).
I said earlier that there is a lot of work involved in this area. However, anyone who has cheap land available and who is prepared to wait for the right kind of house to come along would do very well shifting a number of houses onto one’s cheap blocks.
However, do your home work first before committing yourself.
That is, own suitable vacant land, check with council whether they have any problems with you doing this kind of thing, find a suitable house – not too old, priced O.K.- , get an inspection and a quote from a housemover and only thence negotiate to purchase.
Remember, moving the hosue is one thing, connecting the services and repairing the dwelling
is something else (which will end up costing a fair bit of money).Pisces133
Hi again Guccigal, and Merry Christmas!
I agree with Peter that the homes themselves are a tad overpriced. We’ve been considering shifting a home onto land we own near Gunnedah, but feel with patience we will find one for much less than any on that site. In the meantime, our land is still earning a +ve cash flow for us from primary production.
I should have been a bit more explicit in my earlier post, and directed you to a section of the Dalby Home Removals link, called “Relocation Info”. There it lists all the costs to be considered in shifting a house, and numerous other considerations. It also lists the price of a move per km – once you are beyond their free 100km delivery radius – as being $30/km for a single shift, and $45/km for a double shift.
Cheers,
Crocco
Firstly Merry Christmas to you both, hope Santa was good to you!
Thanks for the info, Croc I checked out the site and noticed the prices. eeeep. Im in Sydney by the way and wanted to transport the home about 400kms. thats $9000 if its a single shift.
As I mentioned I already found a relocatable home for $2500 which I thought was pretty damn cheap. Its got polished floor boards, its clad and im pretty sure the ad said it has aluminium window frames.
I also spoke to my dad who said that it can costs thousands to connect water, gas, power even though its in the street already. Sheesh so many extra costs… I think im way outta my depth but hey im here to learn [
]Have a safe holiday
GG
‘There is only one success – to be able to spend your life in your own way.’
Merry Christmas everyone,
GG, I had a look at 30 odd homes removed to a site at Burpengary Qld, Eddie Wright House Movers.
I spoke at length with the guys there and some other people who are familiar with moving. My brother also moved a big colonial, and was really caught out by the post moving reno costs.
Many of the houses I saw at Eddie Wrights had cracked floor and bathroom tiles, split gyprock or fibro panels. Plus you are buying an old house that often needs a new roof, white ant issues, redesigning the floor plan etc. Plus after living in a lot of different houses, I have absolutely no sentimentality for colonials. They are cold in winter, hot in summer, expensive to upkeep, rooms and floor plans are inefficient, the wooden ones offer no sound buffering, termite and white ant prone, etc etc….
I am partial to zinc alum framed places with passive thermal design.
However, $2500 for a house is very cheap. But I would encourage you to go and have a look at it first. It might be a real gotcha…..
I know two people who have moved homes recently and they paid btween 20-25k just for the move.
Bruce
Mooloolaba, QldMoving a house some 400 KM ?
Pretty expensive and I would say the least of your worries.The further the distance the more chance something will be going wrong with the building.
The housemover needs a police escort, can only drive on weekends (at least that was the case many years ago) and is forced to drive at low speed.
As a consequence a long distance job means doing the job over two or three weekends with the house being left standing empty somewhere along the road with all kind of opportunists coming along to rip out what they like.
The responsibility is YOURS !!!
{Perhaps you should be camping in the house when it is abandoned for the next five days ? Alternatively find a suitable house which isn’t such a long distance away.BTW I still do think that there are good profits to be made in this area.
Pisces133
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