I have a large block of land just outside of Canberra. With all of the interest rate drops we have had it may be the time to build a house on the block to rent out. Selling it hasn't worked.
Having never built a house how does one work out a budget for the house???
What costs would need to be taken into consideration?
I was looking at getting a kit home built on the block in the $80k-$130k range
Obviously I will need a builder,
Plans would need to go through council etc.
Is there a rough formula that I should budget for ie 2x house price etc.
Having never built a house how does one work out a budget for the house???
What costs would need to be taken into consideration?
I was looking at getting a kit home built on the block in the $80k-$130k range
Obviously I will need a builder,
Plans would need to go through council etc.
Is there a rough formula that I should budget for ie 2x house price etc.