Hi All
Recently we just picked up IP#2. it was originally listed at 135k but needed to be re stumped as the floors weren't even and some doors / windows wouldn't line up perfect. the quote to re-stump and level was $8800.
So we asked for 10k off the price to allow for this.
We will also need to have the roof patched up (currently iron roof with a few small areas of rust)
they are about the only 2 major things that need work.
smaller things are hairline cracks in some places due to the re-stumping issue and also the walls are made of asbestos.
Currently the property is happily tenanted at 190p/w and we were wondering what should we or shouldn't we look at repairing?.
We are hoping to build a brand new house in maybe 5 years time on the block so i dont want to pour too much $$ into doing it up.
should we just look at a basic re-sealing of the roof and re stump the house?
also will the asbestos be much more expensive if we ever demolish to re-build?
As always your replies are appreciated
Recently we just picked up IP#2. it was originally listed at 135k but needed to be re stumped as the floors weren't even and some doors / windows wouldn't line up perfect. the quote to re-stump and level was $8800.
So we asked for 10k off the price to allow for this.
We will also need to have the roof patched up (currently iron roof with a few small areas of rust)
they are about the only 2 major things that need work.
smaller things are hairline cracks in some places due to the re-stumping issue and also the walls are made of asbestos.
Currently the property is happily tenanted at 190p/w and we were wondering what should we or shouldn't we look at repairing?.
We are hoping to build a brand new house in maybe 5 years time on the block so i dont want to pour too much $$ into doing it up.
should we just look at a basic re-sealing of the roof and re stump the house?
also will the asbestos be much more expensive if we ever demolish to re-build?
As always your replies are appreciated