Hi all, I found this forum while doing a bit of research on Google and was pleasantly surprised to find out it was an Australian site despite the .com name!
Anyway, the reason I have been researching is because my wife and I are currently looking at buying/investing in a country property which will primarily serve as a weekender. The property which we are currently looking at is a large acreage which has a fairly beat up house on it.
My plan is to subdivide it and potentially build a kit home on the empty lot, and probably to sell the lot where the current dwelling currently sits.
I have a few questions however;
- How much does it generally cost to subdivide? I did find another thread, but I just wanted to know if the main costs were getting water, electricity, sewerage etc connected.
- The current lot does not have either water or sewerage connected (it is on tank water + septic). I've called the local water authority and have found that it is financially prohibitive to connect sewerage so I will leave the septic tank as-is. How badly does a septic system negatively affect property price? (if at all)
- Town water will probably cost about $15k to connect as the mains have to be extended by roughly 40m. Again, if I were to leave the house connected to the existing rain water tanks without mains water, how badly would this affect property price?
Anyway, the reason I have been researching is because my wife and I are currently looking at buying/investing in a country property which will primarily serve as a weekender. The property which we are currently looking at is a large acreage which has a fairly beat up house on it.
My plan is to subdivide it and potentially build a kit home on the empty lot, and probably to sell the lot where the current dwelling currently sits.
I have a few questions however;
- How much does it generally cost to subdivide? I did find another thread, but I just wanted to know if the main costs were getting water, electricity, sewerage etc connected.
- The current lot does not have either water or sewerage connected (it is on tank water + septic). I've called the local water authority and have found that it is financially prohibitive to connect sewerage so I will leave the septic tank as-is. How badly does a septic system negatively affect property price? (if at all)
- Town water will probably cost about $15k to connect as the mains have to be extended by roughly 40m. Again, if I were to leave the house connected to the existing rain water tanks without mains water, how badly would this affect property price?