Hi Everyone,
I've just purchased a Queenslander in East Brisbane.
One of the things that attracted me was the legal height of raising of the house.
It already has steel beams, metal poles. There's a rainwater tank and hot water service which can be moved easily.
Only a car's size has been concreted with the rest of the area being gravel.
I'm considering developing below to add a self containing floor with 2-3 bedrooms.
I understand the concrete base will not be cheap ~$25K, probably need council permits ~$5K.
A few questions:
1) Above is a 3 bedroom two bathroom residence, average sized Queenslander. What's the rough cost to develop below in total?
2) I've heard this may not be something I could do in the first place as I may not be able to rent out both floors separately?
Thanks in advance for all the advice!
Cheers,
Michael.
I've just purchased a Queenslander in East Brisbane.
One of the things that attracted me was the legal height of raising of the house.
It already has steel beams, metal poles. There's a rainwater tank and hot water service which can be moved easily.
Only a car's size has been concreted with the rest of the area being gravel.
I'm considering developing below to add a self containing floor with 2-3 bedrooms.
I understand the concrete base will not be cheap ~$25K, probably need council permits ~$5K.
A few questions:
1) Above is a 3 bedroom two bathroom residence, average sized Queenslander. What's the rough cost to develop below in total?
2) I've heard this may not be something I could do in the first place as I may not be able to rent out both floors separately?
Thanks in advance for all the advice!
Cheers,
Michael.