Renovating to sell in Adelaide

Discussion in 'Renovation & Home Improvement' started by Johnny Cashflow, 14th Oct, 2015.

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  1. MTR

    MTR Well-Known Member

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    looks great, especially kitchen
    you mentioned entry/exit makes it a tough gig, what about a small development, buy old home, build at rear
     
    MTR, 5th Dec, 2015
    #41
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  2. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    I have one that is corner block allowing me to retain house and build next to it. In not sure if it is worth doing it yet though. As subdividing may devalue existing block.
     
    Johnny Cashflow, 5th Dec, 2015
    #42
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  3. MTR

    MTR Well-Known Member

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    great

    It will devalue front and you will need to add carport

    It's dependent on the numbers -

    fees associated with cutting block

    build costs versus end value of new rear property and new value of front original property

    Have you looked at this?
     
    MTR, 5th Dec, 2015
    #43
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  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Its about 20k to do in SA, the existing house goes down by 20k and the new block is worth 80k minus sales agents fees, taxes etc :(
     
    D.T., 5th Dec, 2015
    #44
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