Hi all,
I'm currently in the market for a good knock-down project to get stuck into.
The plan is to find an oldish (but rentable) property on a good size block (~1000m2) and rent it out for 3-4 years until I'm ready to demolish and erect 3 x double storey townhouses on it
Looking at medium quality fixtures and average sized townhouses.
Can anyone give me some idea of cost per square to build each townhouse?
I recalling reading somewhere that it can cost anywhere between $10k - $14k per square depending on the quality of fittings, which would bring the cost of an average sized townhouse to around ~$150k -> ~$200k each.
Any advice here guys?
Thanks in advance for tuning in
P.S: The plan is to build, hold and rent them all out until retirement.
I'm currently in the market for a good knock-down project to get stuck into.
The plan is to find an oldish (but rentable) property on a good size block (~1000m2) and rent it out for 3-4 years until I'm ready to demolish and erect 3 x double storey townhouses on it
Looking at medium quality fixtures and average sized townhouses.
Can anyone give me some idea of cost per square to build each townhouse?
I recalling reading somewhere that it can cost anywhere between $10k - $14k per square depending on the quality of fittings, which would bring the cost of an average sized townhouse to around ~$150k -> ~$200k each.
Any advice here guys?
Thanks in advance for tuning in
P.S: The plan is to build, hold and rent them all out until retirement.