Hi.
I am quite new to the IP community (have renovated my PPOR and have one IP that is rented out). I am looking to buy my first house to reno and sell this year, and would like to do the majority of work myself.
So, I am looking to obtain an Owner Builder license, and was wondering if anyone could provide some information about what this entails, and how to go about it? I would like to add an extension to a property I am currently looking at to be specific.
Thanks for any help!
Bexs
The rules have changed and you aren't able to do this unless it is your PPOR. There are also limits to how many you are able to do. Google "building commission" and you will find your answers.
Tools
http://www.owner-builder.net.au/ownerbuilderspermit.htm
Not 100 % sure on this but this web site links below looks a bit like a good starting point !
They open 4th jan 2010 as on holiday at the moment
or call them on the telephone on 03-9285 6400.http://www.buildingcommission.com.au/resources/documents/2005-56_Owner-builder_practice_note.pdf
http://www.buildingcommission.com.au/resources/documents/14765_Owner_Build_App_Kit.pdf
Also you will need to have deep pockets or plenty of equity as most lenders dont like OB and the lvr are considerably reduced.
Richard Taylor | Australia's leading private lender
I see,
So basically, to 'flip' a house in Victoria, with renovating requiring work on the structure of the house (extensions, roofing, bricklaying, re-stumping), it is not possible to carry these out if not licensed. I could only do things such as plastering, painting, maybe some non-load bearing wall moving, and tiling. UNLESS the total of all my work adds up to less than $12,000. Which would be highly unlikely with structural work.
Thanks for all your suggestions, keep them coming, I learn from them all!
Bexs
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