Cash in for a larger home...
Mr & Mrs V are in their early 40s are raising 3 children in a small home and are looking to upgrade. A knockdown rebuild solution gave them enough money to buy that new dream family home.
Location: Blackburn
Owners: Mr & Mrs V
Property size: 705 sqm
Valued: $565,000
Knockdown old home cost: $13,000
Planning and subdivision: $20,000
Rebuild description: Rebuild two double story new homes 25 sqm
Rebuild cost: $670,000
Total cost of the knockdown rebuild: $703,000
Outcome: The value of their existing house and land $565K + new home build costs $703K = $1,268,000. The new homes were valued at $740,000 each x 2 = $1,481,000
Gross profit: $213,000
To find out more about knocking down and rebuilding your own home contact us today on 9841 9998.
A couple looking at downsizing by capitalising on equity in their existing home with a knockdown rebuild solution.
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Mr & Mrs V are in their early 40s are raising 3 children in a small home and are looking to upgrade. A knockdown rebuild solution gave them enough money to buy that new dream family home.
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Mrs C, in her late 40s, inherited this property and developed it by selling one of the new homes and renting out the other for a handy income.
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Mr H, in his late 60s wanted to retire and travel around Australia without money worries. After his knockdown rebuild his dream came true.
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