Hi there, my parents have a 20y.o. inter terr which we are intending to do a reconstruct. As it is currently tenanted, we will only commence any sort of work once the tenancy lapse. We would like to know how long it would take from planning to the final product, assuming we have already shortlisted a builder.
The ppty sits on a land area of approx 2200 sqf with a driveway for 2.5 cars. A built up area of approx 1800 sqf on 2 levels. We intend to increase the build up area to at least 3000sqf on 3.5 levels with 4 bedrooms with ensuite bathrooms, living, dining, kitchen, maid/utility room, a guest room (no toilet), study and hopefully a extra living area in the upper levels with entertainment facilities. Also pantry on all levels.
We are currently budgeting 500K for everything and was wondering if it is the market norm. Does anyone also know the rates for taking a recontruct loan btw?
Any comments and advise appreciated.
Cheers
faye
