NSW How much to reno this mess

Discussion in 'Property Analysis' started by longtimelurker99, 5th Jun, 2021.

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  1. longtimelurker99

    longtimelurker99 Well-Known Member

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    longtimelurker99, 5th Jun, 2021
    #1
  2. wylie

    wylie Moderator Staff Member

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    You've asked how much to renovate, but are you asking how much to pay for the land with a house that needs to be removed before you can start again?
     
    wylie, 5th Jun, 2021
    #2
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  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Bulldozer job & replace with a cheap project home. Kitchen may be partially salvageable for a smart sale on Gumtree.
     
    Scott No Mates, 5th Jun, 2021
    #3
  4. Cousinit

    Cousinit Well-Known Member

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    What is the likely cost to dispose of a house like this now?
     
    Cousinit, 5th Jun, 2021
    #4
  5. wylie

    wylie Moderator Staff Member

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    There's only the lower cupboards that aren't burned, and they're probably full of water, don't you think? But if I bought the place, I'd offer it up for anyone to take what they want.

    On second thoughts, the couple of hundred from what's salvageable probably is not worth the risk of someone hurting themselves trying to salvage anything.

    But I reckon that brown couch and the mattress are worth keeping. :eek::eek::eek:
     
    wylie, 5th Jun, 2021
    #5
    Sackie and longtimelurker99 like this.
  6. longtimelurker99

    longtimelurker99 Well-Known Member

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    I guess...both! :p
     
    longtimelurker99, 5th Jun, 2021
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  7. MTR

    MTR Well-Known Member

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    Median is $660,000

    So what’s the land worth today?
     
    MTR, 5th Jun, 2021
    #7
  8. Stoffo

    Stoffo Well-Known Member

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    I've cleared a few burnt houses (not a pleasant job)
    Basically gut to frame, write off roof, all plaster, electrics, skirts, arcs, doors, EVERYTHING, but the frame, even then you may need to repair that....

    Unless you are doing a chunk of the repairs yourself it isn't worth it to end up with a renovated older home....

    As suggested, better to knockdown and start over !

    It slopes to the st, potential unit site ?
     
    Stoffo, 5th Jun, 2021
    #8
  9. spoon

    spoon Well-Known Member

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    The question should be:$9k/sqm, adding demolition costs. Is it a good buy?;)
     
    spoon, 5th Jun, 2021
    #9