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rspann wrote:York ,You are correct but I was only trying to help those who cannot afford a contractor ,so I was giving an idea of the cost price.
What you saying there about some contractors is true. They always ask for downpayment and then run off never to be heard from again. one of them did a large development for the government(plumbing) and when they checked after, there was only pipe sticking out of the ground and nothing was connected below. I think it cost them $90 million or something so.
it depends on :aidan wrote:Hi guys,
Looking for ideas on the best use of 1lot (5000sq ft (50ftx100ft where the 50ft is the width and road frontage)) to maximize space. I'm getting a great deal on a lot in an area I was looking in for a while. I really wanted more space, but this is too good to pass up.
What would you all suggest for making the most efficient use of this area for a single family home. I plan on living there for 5 yrs then moving on, and maybe renting the house.
York wrote:it depends on :aidan wrote:Hi guys,
Looking for ideas on the best use of 1lot (5000sq ft (50ftx100ft where the 50ft is the width and road frontage)) to maximize space. I'm getting a great deal on a lot in an area I was looking in for a while. I really wanted more space, but this is too good to pass up.
What would you all suggest for making the most efficient use of this area for a single family home. I plan on living there for 5 yrs then moving on, and maybe renting the house.
1. whether you building cash or not,
2. whether you need to get completion certificate or not,
3. whether you adhering to building codes or not (closeness to legal building lines and structural codes like steel reinforcement of corners and joints aka short cuts)
4. whether you want to build in a manner to expand in the future, like to get more apartments
5. and lastly, your budget $$$!
rspann wrote:Build 8 apts ,live in one. The income could pay any mortgage, save to build a house after.
aidan wrote:York wrote:it depends on :aidan wrote:Hi guys,
Looking for ideas on the best use of 1lot (5000sq ft (50ftx100ft where the 50ft is the width and road frontage)) to maximize space. I'm getting a great deal on a lot in an area I was looking in for a while. I really wanted more space, but this is too good to pass up.
What would you all suggest for making the most efficient use of this area for a single family home. I plan on living there for 5 yrs then moving on, and maybe renting the house.
1. whether you building cash or not,
2. whether you need to get completion certificate or not,
3. whether you adhering to building codes or not (closeness to legal building lines and structural codes like steel reinforcement of corners and joints aka short cuts)
4. whether you want to build in a manner to expand in the future, like to get more apartments
5. and lastly, your budget $$$!
Thanks for the helpful criteria there York!
In response to that:
1. whether you building cash or not- cash
2. whether you need to get completion certificate or not, - not necessary
3. whether you adhering to building codes or not (closeness to legal building lines and structural codes like steel reinforcement of corners and joints aka short cuts)- would prefer to adhere to building codes
4. whether you want to build in a manner to expand in the future, like to get more apartments- you nailed it, this was basically what I was trying to get at
5. and lastly, your budget $$$!- initially trying to keep it under 1.5m
I received a suggestion of building 2 townhouses, and selling one to recover some building costs while living in the other, until I'm ready to move on and rent that unit. I'm not sure how technical the legal aspect of that is though.
The Raven wrote:RSpann, donot forget my question,
What side is the post 8x8 by what pound?
rspann wrote:Kjag,If you borrowing ,you have to have all the requirements in place. If you going cash ,you don't have to worry too much. Kronik, they are two bedroom apts with one toilet and bath and a wash area, there is enough space for parking too ,but generally I get some tenants without cars so it is not too much a hassle. The back and one side is 5' and the side shown is 15' the front has 15'. The building is 85' x 30' The lot is 105x 50' .If you try to get this approved ,you will not.. York ,that roof is one the guy just did for $15 g.
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