Hi All just want to share my first journey into a subdivision and build project
feels like contributing back to the forum sorry to copy ur thead title evisional
project goal: to create a profit in either cash to pay down our ppor mortgage from selling the subdivided block or townhouse/hold for equity gain
10/5/2013 settled on the property and its our ppor $510000
the block is triangle with the existing property sitting pretty close to the fence so leaving a smaller triangle block roughtly 500m2
05/2013 engaged a company to handle the town planning, building and subdivision rather than reason being
a: never done any active investing before so feel better leaving it to the pros and I can learn as I go so that I can either do it myself in the future or keep using the same company if I can get a discount honestly though I would rather give away abit of the profit to the pros who know how to deal with the council and minimize the cost of building by having a efficient' drawing 'then not making any money at all given our lack of experience
b: we r relatively time poor as I am self employed and partner being a nurse so different shifts....
After a brief meeting I was advised that two smaller townhouses could be possible so agreed to proceed
3/6/13 surveyor attended for site survey
feels like contributing back to the forum sorry to copy ur thead title evisional
project goal: to create a profit in either cash to pay down our ppor mortgage from selling the subdivided block or townhouse/hold for equity gain
10/5/2013 settled on the property and its our ppor $510000
the block is triangle with the existing property sitting pretty close to the fence so leaving a smaller triangle block roughtly 500m2
05/2013 engaged a company to handle the town planning, building and subdivision rather than reason being
a: never done any active investing before so feel better leaving it to the pros and I can learn as I go so that I can either do it myself in the future or keep using the same company if I can get a discount honestly though I would rather give away abit of the profit to the pros who know how to deal with the council and minimize the cost of building by having a efficient' drawing 'then not making any money at all given our lack of experience
b: we r relatively time poor as I am self employed and partner being a nurse so different shifts....
After a brief meeting I was advised that two smaller townhouses could be possible so agreed to proceed
3/6/13 surveyor attended for site survey
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