Best options for good value knock down and rebuild?

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  press711 on 17/02/2013 - 21:56

  Going with a low cost volume builder like National Builders or Metricon would be your cheapest option. You can contact some volume builders and make appointment with them to discuss your options. Normally the build cost with volume builders would be $900 per m2 atleast for a standard build with very basic options.

  The thing to remember with volume builders is they will get you to choose a pre-designed home. The home design may not be the best for your land and council.

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  berger on 17/02/2013 - 22:08

  Probably better to do a dual occupancy. If you have the space for a 2nd unit. We are doing this at the moment, a rear townhouse, it's cost is $275k, but we have some luxury features, and some cheaper options, so it's a good mix. On top of the 275k is around $30k in stamp duty, achitects, etc. in the end you have two titles, one to rent out and to live.

  Honestly if you find a company that does it for $200k it won't be a decent house, or very small. You could go down the path of boutique, Simonds, etc with a home that starts at $175k, but then site costs, upgrades(allow $30k).

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  Chux on 18/02/2013 - 07:27

  +1

  I think ozbargain is telling you to go with Metricon :P

  • 

    berger on 18/02/2013 - 08:50

    +1

    lets see if the advertising pays off!

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  [Deactivated] on 21/02/2013 - 08:39

  +1

  If you understand the property industry, you'll know that volume builders would be your 'cheapest' option. Their margins are extremely low and rely on volume building (kind of like the JB Hi-Fi business model before it got listed on the ASX).

  There is a perception out there that builders and developers are creaming it - let me tell you that the only ones creaming it are the Authorities with their charges/levies/taxes and the ridiculous planning restrictions (especially those linked to flora/fauna/cultural heritage)…I could give a lecture on this kinda stuff that would go on and on; being in the development industry…

  Gone are the days when land was cheap, and there were some decent returns for builders and developers…these days, most companies are "charities"…Don't believe me? Go and read up on the main developers and their profit/loss statements…Whilst they make money, most returns on capital are comparable to the interest that a bank would pay in a term deposit…

  Anyway, back to your knockdown and rebuild. You'll need to factor in a $10 - $16k demolition cost, holding costs/interest (assuming that you are borrowing money to fund the construction), rental of another place whilst you build, and if you were to subdivide - GST is involved (Yes, the Tax man want's his piece of the cake too)…

  My 2 cents worth…