Has anyone had any experience in putting an older established home onto a vacant block? (especially in the Newcastle/Hunter area).
Interested in how you went about it and the costs involved. Also, if at the end you thought it was worthwhile.Cheers
PeteHi Pete,
I am currently doing this at the moment, but in Brisbane. It is more complex than building a new home and requires a lot of coordination. It is my first foray and have found it very challenging. Whatever the end result, it is worth it as I am learning a lot and keen to progress as a property developer.
Not including costs for the DA and conditions attached plus council contributions – the house cost $42K; for relocation, raising house and restumping $23K; buidling renovation $40K; and still waiting for quotes for plumbing, electricity, concreter. Will end up with 3 bdr, 1 bath, double garage and future potential to build downstairs.
Cheers and happy hunting.
DianaHi Pete
I agree with Dian it is a lot different to just plain building a home because of all the coordination and organizing one must do.
I am just weeks away from completing my house removal. I have placed the home on a block a land with a excisting house on it and sub divided it which I think will give me the best result. My costs were similar to Dian’s. My tip would be to find a flat block.
Have fun
Isn’t it wonderful to see people going to the trouble of preserving these homes, even though the costs are a bit wacko i truley commend all of you who do this, good stuff guys and gals
resiwealth
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