Looking at doing a bit of building. There are so many options, some the numbers don't add up so they get thrown away but many others where the numbers do work, how to select the best? I guess the best isn't always the one that has the potential to make the most money, some are more fun that others.
Lots of old houses on ~750sqm blocks around the $280-$300k mark, plenty of nice rectangles, currently a good of courtyard homes being built in the area. Prices vary wildly from $260 for 2b townhouse to $500k for 3b townhouse and lots of 3b courtyard homes around the $350k - $450k. The higher priced places take longer to sell, some seem to be way too cheap and sell very quickly.
How do people decide whether to build 2 courtyard homes with 3br or 2 courtyard homes with 4br but small yards, or 4 units 2b each or townhouses? Only looking at average residential block developments, building big stuff comes a lot latter.
In the area anything under $300k is selling well but once over that it takes 3mth+ to sell, on average.
The original plan was to build 2 courtyard homes with 3 bedrooms, 2 bathrooms, double garage. Nice quality. But lately I've been thinking 2 bedroom units might be better.
The possibilities are endless.
Just throwing ideas around and was wondering who people talk with, what sort of decision making process do they use. What criteria other than $$'s motivate you to build housing?
Almost a physcology type question but stuck it in adding value because most investors doing developments are browing through here.
cheers
Graeme
Lots of old houses on ~750sqm blocks around the $280-$300k mark, plenty of nice rectangles, currently a good of courtyard homes being built in the area. Prices vary wildly from $260 for 2b townhouse to $500k for 3b townhouse and lots of 3b courtyard homes around the $350k - $450k. The higher priced places take longer to sell, some seem to be way too cheap and sell very quickly.
How do people decide whether to build 2 courtyard homes with 3br or 2 courtyard homes with 4br but small yards, or 4 units 2b each or townhouses? Only looking at average residential block developments, building big stuff comes a lot latter.
In the area anything under $300k is selling well but once over that it takes 3mth+ to sell, on average.
The original plan was to build 2 courtyard homes with 3 bedrooms, 2 bathrooms, double garage. Nice quality. But lately I've been thinking 2 bedroom units might be better.
The possibilities are endless.
Just throwing ideas around and was wondering who people talk with, what sort of decision making process do they use. What criteria other than $$'s motivate you to build housing?
Almost a physcology type question but stuck it in adding value because most investors doing developments are browing through here.
cheers
Graeme