It's not my cup of tea, but a work colleague who was one of a group of 12 families who participated raves about this. It was hard work but very very worthwhile.
Her total costs were about $170k (for house and land) yet she reckons that the house is worth around $270k. All the neighbours built in the same street, so the people know each other well and it's all owner-occupiers.
http://hnb.dhs.vic.gov.au/ooh/ne5ni...570C30036626AC28CD4339261C987CA257123007AAFD6
http://www.urbanecology.org.au/ecocity2/groupselfbuild.html
If possible, they're thinking of doing it again in about 3 years to upgrade, while keeping the existing house as a rental. Though not people who I'd imagine were property investors, I was impressed at their plan and I have no doubt that they will succeed.
Peter
Her total costs were about $170k (for house and land) yet she reckons that the house is worth around $270k. All the neighbours built in the same street, so the people know each other well and it's all owner-occupiers.
http://hnb.dhs.vic.gov.au/ooh/ne5ni...570C30036626AC28CD4339261C987CA257123007AAFD6
http://www.urbanecology.org.au/ecocity2/groupselfbuild.html
If possible, they're thinking of doing it again in about 3 years to upgrade, while keeping the existing house as a rental. Though not people who I'd imagine were property investors, I was impressed at their plan and I have no doubt that they will succeed.
Peter
