Hi Everyone,
I'm keen on your thoughts. We've been going through the process of renovations plans and surveys etc and after much thought (and unfortunately some $$) we've decided we're better off building new. Building a new home will cost more but it will also value up better and we worked out the 'unknown' of a renovation i.e. ripping off cladding, new roof etc might explode the costs to as much as a new build anyway but we'd be left with an inferior property.
So we build new but our current home would make a good rental. Our architect suggested we 'give' the house away to offset removal and excavation costs. Thinking about that doesn't sit well as the home is in an good state for a 3 bed rental.
I'd like your thoughts and experiences of moving a property onto another site and what's involved. Do we need to strip it out then build up (floors, kitchen, bathroom furnishing etc) or can it be transported in tact?
We thought if we bought a section locally we'd just move the property onto it - connect up and off we go with another investment property. However I know it's not that simple and there's lots of hoops to jump through - I have no idea right now what they are including compliance, tax on sale (when we eventually sell - though we're looking at renting it out) etc.
Any and all help is gratefully appreciated.
cheers,
Donna
I'm keen on your thoughts. We've been going through the process of renovations plans and surveys etc and after much thought (and unfortunately some $$) we've decided we're better off building new. Building a new home will cost more but it will also value up better and we worked out the 'unknown' of a renovation i.e. ripping off cladding, new roof etc might explode the costs to as much as a new build anyway but we'd be left with an inferior property.
So we build new but our current home would make a good rental. Our architect suggested we 'give' the house away to offset removal and excavation costs. Thinking about that doesn't sit well as the home is in an good state for a 3 bed rental.
I'd like your thoughts and experiences of moving a property onto another site and what's involved. Do we need to strip it out then build up (floors, kitchen, bathroom furnishing etc) or can it be transported in tact?
We thought if we bought a section locally we'd just move the property onto it - connect up and off we go with another investment property. However I know it's not that simple and there's lots of hoops to jump through - I have no idea right now what they are including compliance, tax on sale (when we eventually sell - though we're looking at renting it out) etc.
Any and all help is gratefully appreciated.
cheers,
Donna
Comment