Before anyone suggest to owner build, no, that is not an option.
I have two questions:
1. I have a block which I should be able to subdivide to build 4 townhouses. However, this is not a certainty. I can, however, surely build a duplex very easily for about 400k, and probably reap a 20-30% return on the whole project. But the townhouse if approved and completed in time will give me a return of 50%, but riskier, and will take probably a year longer at least. What do you suggest I do? I have build 4 houses so far, one in Sydney, others in QLD. So not a complete rookie. Note, finance is not a problem for either the duplex or the townhouse project.
2. Who are the reliable townhouse builders in Sydney? I want to shortlist 3-4 builders before I make a decision. Hoping to spend about 800-900k to build the 4 townhouses of about 20sq two story, not including drive, landscaping, approvals etc.
ynnug.
I have two questions:
1. I have a block which I should be able to subdivide to build 4 townhouses. However, this is not a certainty. I can, however, surely build a duplex very easily for about 400k, and probably reap a 20-30% return on the whole project. But the townhouse if approved and completed in time will give me a return of 50%, but riskier, and will take probably a year longer at least. What do you suggest I do? I have build 4 houses so far, one in Sydney, others in QLD. So not a complete rookie. Note, finance is not a problem for either the duplex or the townhouse project.
2. Who are the reliable townhouse builders in Sydney? I want to shortlist 3-4 builders before I make a decision. Hoping to spend about 800-900k to build the 4 townhouses of about 20sq two story, not including drive, landscaping, approvals etc.
ynnug.