Renovations.
Apr 28th 2009, 3:29 am
#1
Forum Regular
Thread Starter
Joined: Apr 2009
Posts: 39
Renovations.
Hi
Whilst I was in the UK I had a side line where I'd buy a property, renovate it (and normally live in it), then sell it on.
In the UK the guidelines as to what you can do yourself are pretty lenient, so long as you pass the building inspector and get your electrics etc passed off by a sparky. Of course the planners were pretty anal at times as well, but thats the same anywhere I'm sure.
I want to do the same here in NSW (Sydney), is there anything I need to be aware of? I would imagine wiring and gas (I would never go near gas anyway) wouldn't be allowed without 100 certificates but anything else?
Has anyone had any experience of doing up a place themselves and selling on?
Whilst I was in the UK I had a side line where I'd buy a property, renovate it (and normally live in it), then sell it on.
In the UK the guidelines as to what you can do yourself are pretty lenient, so long as you pass the building inspector and get your electrics etc passed off by a sparky. Of course the planners were pretty anal at times as well, but thats the same anywhere I'm sure.
I want to do the same here in NSW (Sydney), is there anything I need to be aware of? I would imagine wiring and gas (I would never go near gas anyway) wouldn't be allowed without 100 certificates but anything else?
Has anyone had any experience of doing up a place themselves and selling on?
Apr 30th 2009, 7:44 am
#2
Forum Regular
Thread Starter
Joined: Apr 2009
Posts: 39
Re: Renovations.
Just giving this a sneaky bump......
Apr 30th 2009, 8:10 am
#3
Joined: Dec 2007
Posts: 2,838
Re: Renovations.
If your just looking at cosmetic reno you'll be ok.If you want to avoid capital gains you have to live in the property for 12 months.If you do major reno involving an extension and the like you would go down the owner builder route.You are allowed to do 1 every 3 years as an OB.When you sell you have to provide building insurance for 7 years from completion of works.
Apr 30th 2009, 9:44 am
#4
Account Closed
Joined: Jun 2005
Posts: 9,316
Re: Renovations.
Hi
Whilst I was in the UK I had a side line where I'd buy a property, renovate it (and normally live in it), then sell it on.
In the UK the guidelines as to what you can do yourself are pretty lenient, so long as you pass the building inspector and get your electrics etc passed off by a sparky. Of course the planners were pretty anal at times as well, but thats the same anywhere I'm sure.
I want to do the same here in NSW (Sydney), is there anything I need to be aware of? I would imagine wiring and gas (I would never go near gas anyway) wouldn't be allowed without 100 certificates but anything else?
Has anyone had any experience of doing up a place themselves and selling on?
Whilst I was in the UK I had a side line where I'd buy a property, renovate it (and normally live in it), then sell it on.
In the UK the guidelines as to what you can do yourself are pretty lenient, so long as you pass the building inspector and get your electrics etc passed off by a sparky. Of course the planners were pretty anal at times as well, but thats the same anywhere I'm sure.
I want to do the same here in NSW (Sydney), is there anything I need to be aware of? I would imagine wiring and gas (I would never go near gas anyway) wouldn't be allowed without 100 certificates but anything else?
Has anyone had any experience of doing up a place themselves and selling on?
Apr 30th 2009, 11:39 pm
#5
BE Enthusiast
Joined: Feb 2006
Location: Melbourne
Posts: 980
Re: Renovations.
jamo123;
Its illegal to do any Electrical or Plumbing work in Australia, without employing a qualified person with relevant skills & the correct License. if you do it yourself & there is any problems your insurance is Void, any if any person receives an injury your in massive trouble.???
would you consider it worth while doing it yourself, also the fines for illegal work can be massive i get the electrical magazine from the energy safe people & every month people are being fined very large amounts for illegal work.
Its illegal to do any Electrical or Plumbing work in Australia, without employing a qualified person with relevant skills & the correct License. if you do it yourself & there is any problems your insurance is Void, any if any person receives an injury your in massive trouble.???
would you consider it worth while doing it yourself, also the fines for illegal work can be massive i get the electrical magazine from the energy safe people & every month people are being fined very large amounts for illegal work.
May 1st 2009, 2:33 am
#6
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: Renovations.
Hi
Whilst I was in the UK I had a side line where I'd buy a property, renovate it (and normally live in it), then sell it on.
In the UK the guidelines as to what you can do yourself are pretty lenient, so long as you pass the building inspector and get your electrics etc passed off by a sparky. Of course the planners were pretty anal at times as well, but thats the same anywhere I'm sure.
I want to do the same here in NSW (Sydney), is there anything I need to be aware of? I would imagine wiring and gas (I would never go near gas anyway) wouldn't be allowed without 100 certificates but anything else?
Has anyone had any experience of doing up a place themselves and selling on?
Whilst I was in the UK I had a side line where I'd buy a property, renovate it (and normally live in it), then sell it on.
In the UK the guidelines as to what you can do yourself are pretty lenient, so long as you pass the building inspector and get your electrics etc passed off by a sparky. Of course the planners were pretty anal at times as well, but thats the same anywhere I'm sure.
I want to do the same here in NSW (Sydney), is there anything I need to be aware of? I would imagine wiring and gas (I would never go near gas anyway) wouldn't be allowed without 100 certificates but anything else?
Has anyone had any experience of doing up a place themselves and selling on?
You need to check the various council regulations relating to renovations in the area the building is in. Here in the city of Sydney, you pretty much need a development approval for sneezing in your house, and they are very time consuming and costly things to obtain. DAs don't just apply to extensions and things that can be seen from the outside - an awful lot of internal modifications and changes require them too.
Some things are considered an exempt development, but the list of things that are not exempt is very long indeed. Naturally this differs from council area to council area.
Have a look at the City of Sydney web site:
City of Sydney Development Approvals
S
