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We're in New Lynn and are subdividing our residential property and will sell the front section & house once it's completed.
We've noticed that most other residential properties that are being subdivided (certainly around our area) are having new builds on them, but at a rough calculation it seemed like we'd get more profit from putting a 2nd hand house on the site.
Would be keen for any observations / comments from anyone who has done this.
Perhaps there are major disadvantages to moving a 2nd hand house onto a site that we haven't taken into account?
Obviously there's a fixed cost aspect to a new build and we could build something that perhaps maximised the footprint on the site rather than waiting to find a 2nd hand house that was the right size, shape and condition, as well as having to deal with the cost unknown's of renovating the 2nd hand house.
Thanks
We've noticed that most other residential properties that are being subdivided (certainly around our area) are having new builds on them, but at a rough calculation it seemed like we'd get more profit from putting a 2nd hand house on the site.
Would be keen for any observations / comments from anyone who has done this.
Perhaps there are major disadvantages to moving a 2nd hand house onto a site that we haven't taken into account?
Obviously there's a fixed cost aspect to a new build and we could build something that perhaps maximised the footprint on the site rather than waiting to find a 2nd hand house that was the right size, shape and condition, as well as having to deal with the cost unknown's of renovating the 2nd hand house.
Thanks
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