Making Money on House & Land Packages

Yeah it's extra, depending on the m2 of the path, but I usually get the the majority of the house done for around 3-3.5k. This includes paths and outdoor living areas (for bbq etc)

I've had a property with slab heave before, I'd never not do this.

 

I negotiated the builder to do it for $55/m2.

Some builders will charge $100/m2 if this is the case just organise a cheap concreter to do it after.

Adding agi drains in with the landscape will cost a couple of hundred dollars.

Waffle slabs are so much cheaper than raft slabs because not only are they a little bit cheaper to build, they are thermally superior to a raft and therefore have reductions in cost to all the insulations. The extra couple of thousand to ensure a longer life is well worth it.

 

Problem with rock is it needs topping up, and if you have timber floors they get scratched as a result. I rent a place with this set-up, and while my wife (neat freak) and I are super diligent, i often find fine stone grit gets into the house (kids). You'd be hard pressed to force a tenant to pay for any wear and tear caused by inappropriate use of materials.

 

You're a good tenant. For my PPOR I thought of paving it with gravel (I have a cottagey looking house) but decided to concrete for this very reason - scratch. This H and L topic excites me even when I have very little imagination when looking at bare lands from Google Earth.

 

i take it you have a waffle slabs. anyway if it is the east all good wouldn't risk it in the west though. i can tell you that a buyer of my IP a year or so ago wanted to know if it was a waffle slab and she didn't want to buy it if it was (Western suburbs)

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All my H&L are in SE at the moment.

 

Doing a build in the west at the moment, builder quoted a waffle slab in his costings. Got that changed quick smart. No way you'd go a waffle slab in the west.
Even just by looking at my block you can see the small mounds and uneveness that have developed over time.

 

Hey Cactus

Do you mind sharing where your current H&L builds are?

The only SE one I've got is in Officer atm. Titles Sept, 3/2/2 16sq home.

Would like another in the SE but I think that horse may have bolted..
Ideally want an approx 320k entry price for a 3/2/2 in a well planned estate.

 

Spot on - anyone with a waffle slab in some western suburbs esp tarneit, williams landing, pt cook, werribee, is like driving a car without insurance. you don't know when the damage bill is going to hit you.

 

Pakenham officer and Cranbourne.

It's getting harder to reach that 320k especially in a master planned estate. Horse bolting.

 

In terms of finance how do you guys do it? Please enlighten.

 

Guys, join me in the North, Merrifield! Long term gain but still "cheap"

 

Sash ,cactus, Connor. Great insight into the nuts & bolts of low risk property investing for a newbie like me. Would you guys still prefer a H&L in Officer etc to a unit or house in somewhere like Deer Park for similar price?

 

I am just starting out so haven't had any issues yet but I work on 80:20 once complete I will refi to 80:20 to get as much of my capital back out.

 

For me yes. But I feel most comfortable in this corridor as historically in a downturn the SE holds up better than other areas IME.

 

I've lived in outer SE for the last 20+ yrs..(Casey). Great pop growth and amenities but CG could have been better

 

Not sure where you are in Casey but tipping you were too soon, it's happening now In Cranbourne and Clyde.

 

Yes. Cranbourne,Pakenham etc was considered farmland. Seemed like the end of world but not anymore!

 

Lived in Narre but Berwick for last 6 yrs.

 

Berwick has had 10%CG in last 12 months.