Thoughts on Floor Plan Change & Budget

Discussion in 'Renovation & Home Improvement' started by Brady, 18th Oct, 2018.

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  1. Sackie

    Sackie Well-Known Member Premium Member

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    wow what a gap from highest to bank val. Well you're the highest bidder, hang on like a pitbull.
     
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  2. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Shiiitteee.
    So it's a mortgagee sale and bank is the one who needs to accept?
    Hopefully they see reason today. That might be it's end value when it's actually finished but there is $$$$$ to get it renovated and finished.
     
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  3. Brady

    Brady Well-Known Member

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    Yeah mortgagee sale, so bank (vendor) needs to accept.
    It's now gone back to private treaty, agent now needs to condition the vendor (bank) of realistic price.
    Not sure how they come up with the valuation, seems like they have gone end value less renovation cost - which doesn't really work when someone has to do such a big renovation.
    Needs to be profit/equity in the deal.
     
  4. Tonibell

    Tonibell Well-Known Member

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    Do you think some others (yourself included) might have been prepared to go above $280K if it was called as on-the-market ?
     
  5. Brady

    Brady Well-Known Member

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    Was pretty slow auction, not too many registered bidders. Was pretty close to my max. Might have got a little bit more out being called on the market.
    Pretty limited market for this type of property. So much work to do that would put off most families, the house is so big and bit of a slope that would put off most developers (unless bargain price).
     
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  6. Brady

    Brady Well-Known Member

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    For those that are interested property is on the market at..... $460,000 haha :| time to play the waiting game.
     
  7. Sackie

    Sackie Well-Known Member Premium Member

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    ****...Fine. Let it rot on the market until some fool buys it or they keep reducing till it sells at a more reasonable price.
     
    Last edited by a moderator: 2nd Nov, 2018
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  8. Brady

    Brady Well-Known Member

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    Haha yeah crazy - but believe it's all due to a high valuation.
    Seriously when you want high valuations from valuer you get low... and now when I wanted a low valuation it came back high.
    Agent saying the bank needs to have the property on the market for a period of time to show attempting to sell it close to the valuation.
    Anyone who pays >$350k for this property is crazy.
     
  9. Brady

    Brady Well-Known Member

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    Alright soo 3 months later and reckon have the bank accepting $270,000... being $10,000 less than I bid at auction 3 months ago :D.
    Just waiting on the final contracts to be sorted now.
    But about to go into big planning stage, will need to get plans drawn and lodged ASAP
    So need to decide on a floor plan :)

    This is floor plan thinking of at the moment.
    - 5/6 bedroom (setup with 2 masters or master and guest)
    - 3bathroom
    - open plan kitching/living/dining
    - 3/4 living areas

    This floor plan works pretty well with least amount of impact on existing...

    Thoughts??


    upload_2019-1-30_16-54-28.png
     
  10. Angel

    Angel Well-Known Member Premium Member

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    Nice going.
    Is the pillar in the family room near the door openings going to block any "flow"?
     
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  11. Brady

    Brady Well-Known Member

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    That's is a huge room 7.70 x 8.60 haha could do with some pillars... but it's actually a a/c vent :D
     
  12. Brady

    Brady Well-Known Member

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    @Westminster thought better let you know :) 3 months suspense haha
     
  13. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Oh wow - that patience has paid off!!

    I'm not sure about your design. But it's just a couple of things
    - I don't like the walk through of the laundry to the rear bedroom
    - I'm not sure how well the master bedroom ensuite access will work as I think there is a height difference in slabs there which means you'll have to have steps in the robe section and I probably don't like that idea.

    Otherwise I can certainly understand why you've made some of your choices - grouping plumbing, kitchen location etc. I'll have to dig out my plan again.
     
  14. Brady

    Brady Well-Known Member

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    Haha yeah had told the agent wasn't interested, and then week or so after come back saying it's mine.

    - Agreed it's not ideal, but do have access via the veranda, keeping in mind this is 2nd master/guest so likely teenager or elderly.
    Still allows use from living. And there is the 2 other bathrooms
    - Would be steps in the robe area, into the bathroom, so would need to be carpet.
    Still also built ins on the other side of the bedroom.

    Yes trying to keep grouping, existing services etc.
     
  15. Brady

    Brady Well-Known Member

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    For those that are interested will continue to post.
    Had another look at the property with builder and confirmed one of the walls/beams to be structural - so no changing that (refer to red line in pic)
    Seeing a draftee tonight to come up with a few options.
    I think this is pretty functional
    upload_2019-2-13_10-45-32.png
     
  16. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I like this.
    The other plan felt too big with too many bathrooms/bedrooms. I think this is simpler and flows well. The flow of laundry/butlers/kitchen is great.
    You could put the WIR in the parents retreat area as an alternative but I think the retreat works well too
     
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  17. Shogun

    Shogun Well-Known Member

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    Nice toilet off the kitchen/butlers pantry. I believe sometimes an extra door is needed.
     
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  18. Brady

    Brady Well-Known Member

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    @Westminster actually had it originally drawn up for WIR there. Will think about that one.

    It actually has the same number of bedrooms, and now just 2 bathrooms and 3rd bathroom replaced with w/c

    @Shogun yeah nice idea - maybe a sliding door, that way can be open to keep the flow but closed when laundry not looking clean... or toilet being used...

    upload_2019-2-13_11-19-2.png
     
  19. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    I like the idea of a slider or door there or at the boundary of the butlers and main kitchen as it will help deaden noise from laundry interfering with watching tv :p
     
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  20. Brady

    Brady Well-Known Member

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    Spoke with REA who had ideas similar to this.
    - Fridge/freezer into main area of kitchen (maybe even just fridge, keeping freezer behind)
    - Move kitchen all the way up closest to veranda as possible
    - Had to rework ensuite access as that wall likely structural so keep it inline with existing
    - Having WIR directly across from bathroom works...
    My only concern was having to walk past kitchen and butlers pantry to get to master hallway, but same distance I guess...

    Seeing the draftee on Sunday...

    upload_2019-2-14_17-9-30.png