Hi,
I own an investment property in a mining town in QLD on a corner block approx 1100m2. I am thinking about adding another home to the block to increase my return and ulimately add to the value of the property for future sale.
I would like to hear from anyone who has done anything like this before or who can suggest any reputable companies who deal with relocatable homes in QLD. Also advice on building new homes vs using second hand homes.
Any hints, tips or advice would be much appreciated.
Lee
I have thought of the same investment. I like the fundamental idea of getting a house at a low cost on a piece of dirt to sell off at a healthy profit. Around $50,000 will get you a home delivered and stumped around Brisbane. Unknown is all other expenses such as fees , plumbing electrical etc.
At the end of the job you are selling a second hand house as appose to a brand new house. It will take longer to renovate the property as well – downtime can be expensive with many unknown costs.
Keep the expenses down and research what the property is going to sell for at the end of it all. It might be less hassle to subdivide and sell the land – let someone else worry about it all???
Good luck!!!!
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