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Owner Builder Granny Flat and Intro

Discussion in 'Introductions' started by nzhorsey, 26th Apr, 2016.

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Is doing an Owner Builder Granny Flat really worth the savings... and pain?

  1. Yes, it'd be rude not to.

    0 vote(s)
    0.0%
  2. Nope, so not worth it.

    5 vote(s)
    100.0%
  1. nzhorsey

    nzhorsey Member

    Joined:
    25th Apr, 2016
    Posts:
    16
    Location:
    Penrith
    Hey everyone

    Firstly just wanted to say a huge thank you to all you legends who have given great advice and input into this chat. The information I have read has been incredibly helpful and insightful, so thanks so much!

    A little about us: we live in the Penrith area and bought our first home in Dec 2011 for $335k and we had the house Bank Valued late last year for $580k. We have 4 sons ranging from 10 down to 3 and we are going to use this equity to build a granny flat in our backyard with the main intention being to eventually rent both the main house (a 3br and 1 shared toilet/bath is to small for 6) and the 2br granny flat out. My wife has just started a 2 day a week job and will be going full time in the next two years, so in the mean time we will rent something after the GF build. Hope this makes sense:)

    I have just done my Owner Builder's and White Card Courses. I have 1 best mate and about 3 other builders/carpenters who are helping me out, I have other good mates who are an architect, plumbers, and sparky's. Hence why I'm doing a GF owner Builder.

    I was hoping to start a thread to discuss my Owner Builder GF and also diarise/log the whole experience (mistakes and all) so it really empowers and helps others to do the same.

    So, thanks for having me and any thoughts or input you might have would be heaps helpful as I'm basically learning as I'm going and obviously starting from scratch and loving this whole thing so far.

    I have already started the new thread, just search for owner builder granny flat Sydney.

    Jay
     
    Last edited: 26th Apr, 2016
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,174
    Location:
    Gold Coast
    Hope you dont need finance

    that can oftenspoil the fun

    ta

    rolf
     
  3. nzhorsey

    nzhorsey Member

    Joined:
    25th Apr, 2016
    Posts:
    16
    Location:
    Penrith
    Nah, we don't need it atm mate:)
     
  4. Tonibell

    Tonibell Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    396
    Location:
    Sydney
    I voted "No" based on my personal experience in doing this.

    We thought we were ready based on a few successful renovations -
    but having a certifier involved takes it to a whole new level.

    It sound like you have a team around you that will keep things on track - but
    it doesn't need much to go wrong for the benefits to disappear.
     
  5. nzhorsey

    nzhorsey Member

    Joined:
    25th Apr, 2016
    Posts:
    16
    Location:
    Penrith
    Thanks Toni, appreciate the response. How do we avoid the stuff that goes 'wrong' with the private certifier to minimise their impact?
     
  6. Propertunity

    Propertunity Exclusive Real Estate Buyers Agent Business Member

    Joined:
    19th Jun, 2015
    Posts:
    1,241
    Location:
    NSW
    I think if you are OB a granny flat on a PPOR, that is going to be a whole lot different to doing one on an IP some place. At least you are on-site on a daily basis and so can make decisions quickly.
    If it was an IP somewhere else, then a turnkey granny flat builder would probably be the best option.
     
  7. nzhorsey

    nzhorsey Member

    Joined:
    25th Apr, 2016
    Posts:
    16
    Location:
    Penrith
    Totally agree Alan, I know there are going to be big challenges but as you say at least I'm on site making the decisions:)
     
  8. Joynz

    Joynz Well-Known Member

    Joined:
    5th Apr, 2016
    Posts:
    836
    Location:
    Melbourne
    Renovate Forums is a great website for advice too.