Reno 3 bed home for $15000 - $20000?

[Jane - Hotspace]

Hi coastal,

You may already have your answer but thought I'd add my 10c worth!

I agree with those that say $15k-$20k is not enough. Without seeing the house but based on experience (have consulted on 500+ renovations) I'd think that you'd be looking at closer to $40k-$45k, perhaps even a touch more if you're doing much to the exterior. This is especially if you're paying others to do the work for you.

You really are supposed to use a licensed builder in Queensland. You're actually not even allowed to split the purchasing up as others have said. I have talked at length with the BSA about this and even with 20 years of renovation and project management experience, without an actual license I am still not allowed to do it legally! If you need the name of a great project manager, please PM me.

I'm guessing this isn't the answer you wanted but much better to be realistic than be halfway through with no money left!

Good luck

 

[coastal]

Thanks Jane..I will definitely send an email. I am in the planning and learning stages at the moment

I talked to the BSA the other day. The BSA stated that I need a licenced builder as it will be $20000 but I am able to use a construction management contract. The licensed builder supervises and signs it all off, has the insurances but I can organise the trades and I pay the trades invoices. I have to look into it further and double check I can do it.

Sorry what I mean is it will be the one building contract and I can source all the trades and materials. Licensed builder has all the insurances and I pay the builder for supervising and making sure its all good. So using the builders license.

 

[charlie_aus]

Don't forget to take into account of the loss of your income if you are going to do it yourself and if you are going to have a few days off.