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Depends on the size of the builder. If they're small, run. Even if you increase the cost of your job, it wouldn't be enough to keep them afloat to stop them going bust. That is of course assuming they're telling the truth, it seems suicidal for a construction company to be lying about going...

Good for buying. Just bought a place for 55k below original asking price. Now I'm thinking we may have paid to much for it, but still happy with it, as it will be our PPOR.

I'd love to know who the builders with a bad reputation are.

Definitely get rid of your agent, and get the tenants to fix the whole in the kitchen wall. Sounds like you'll have to wear repairs to the cornice though.

Just go for vacant possession. You're well within your rights to do so, and you'll save yourself any potential headaches in the future. Just do some research as to whether $400 is the current market value, don't just take the agent at his word.

I was a student / cadet in 2008, it's not hard to increase on that wage. 110% in 7 years is pretty good!

Yes, but I was at the low end of the market to start with. (25k in 2008, 56k now - construction)

Amen, just make sure you as a client understand your responsibilities under the contract as well. Working for people who think they can do any old thing whenever they feel like it is painful....