NZ Shack for sale
May 21st 2007, 1:56 am
#17
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Joined: Oct 2006
Location: Northland
Posts: 194
Re: NZ Shack for sale
Remember folks - in NZ the value is in the LAND not the HOUSE!
May 21st 2007, 3:27 am
#19
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Location: NZ
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Re: NZ Shack for sale
Haha, can buy almost everything else on there!! I used to say I'd only have a second child when I could go and buy one at Tescos! 
We couldnt afford to buy the house we live in if we were buying this year. We were fully stretched to the limit getting this one but we wanted an original 1/4 acre plot and there wasnt much choice. We could buy a much smaller house with postage stamp sized garden or this older but larger house on full section. We have so much work to do to this house, its gonna cost us a lot but at least we all have room to move....and play outside too.
We couldnt afford to buy the house we live in if we were buying this year. We were fully stretched to the limit getting this one but we wanted an original 1/4 acre plot and there wasnt much choice. We could buy a much smaller house with postage stamp sized garden or this older but larger house on full section. We have so much work to do to this house, its gonna cost us a lot but at least we all have room to move....and play outside too.
That's what we're looking for here but rare as hens teeth TBH, and when you do find them, they're already out of our price range
A tent and the Top 10 Holiday Park is looking more likely as time goes by!!
May 21st 2007, 3:44 am
#20
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Re: NZ Shack for sale
1000m2 I reckon should be enough in the right place.
Now if you want a sea veiw that might be different, I would rather live inland in the hills. I found a web site that has data on section sales, June to August seems to dip in prices historicaly up to 10% last year.
I hate the Beach 10 mins and I board shitless.
Each to their own. PS That shack is still one big rip off, The seller is a greedy self-deluded sod or has been badly advised.
Cheers
May 21st 2007, 9:56 am
#21
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Re: NZ Shack for sale
The nice man from Mike Pero has just left and I can highly recommend them as brokers 
Think we're gonna build. OH is in construction so would be silly not to TBH.
Just gotta find the magical 'siction' now without robbing the bank and minus all the bl**dy restrictions in the covenant
Think we're gonna build. OH is in construction so would be silly not to TBH.
Just gotta find the magical 'siction' now without robbing the bank and minus all the bl**dy restrictions in the covenant
May 21st 2007, 10:09 am
#22
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Joined: Apr 2005
Location: Beachlands, East Auckland
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Re: NZ Shack for sale
Good luck looking for that section!
May 21st 2007, 10:14 am
#23
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Re: NZ Shack for sale
The nice man from Mike Pero has just left and I can highly recommend them as brokers
Think we're gonna build. OH is in construction so would be silly not to TBH.
Just gotta find the magical 'siction' now without robbing the bank and minus all the bl**dy restrictions in the covenant
Think we're gonna build. OH is in construction so would be silly not to TBH.
Just gotta find the magical 'siction' now without robbing the bank and minus all the bl**dy restrictions in the covenant
May 21st 2007, 11:00 pm
#24
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Joined: Jun 2006
Location: Quietly in the barcode
Posts: 79
Re: NZ Shack for sale
I disagree with that, if that was the case the value of a property would stay the same after the land has been built on which is never the case.
If it's a run down, rat infested old shack then you're right - the house will be worth nothing, if anything it will have a negative effect on the value of the property because it's going to cost a lot to get it removed and disposed of. (There could be asbestos to get rid of too)
Most decent, well built houses with good facilities will add a significant amount to the overall value
If it's a run down, rat infested old shack then you're right - the house will be worth nothing, if anything it will have a negative effect on the value of the property because it's going to cost a lot to get it removed and disposed of. (There could be asbestos to get rid of too)
Most decent, well built houses with good facilities will add a significant amount to the overall value
Last edited by tootsie; May 21st 2007 at 11:03 pm.
May 22nd 2007, 1:38 am
#25
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Joined: Oct 2006
Location: Northland
Posts: 194
Re: NZ Shack for sale
Well, that's what I was taught on the REINZ sales course that I had to take for my previous job. Just thought I'd pass it on.
May 22nd 2007, 1:51 am
#26
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Re: NZ Shack for sale
Most decent, well built houses with good facilities will add a significant amount to the overall value [/QUOTE]
Are there many of those in NZ?
[/QUOTE]Are there many of those in NZ?
May 22nd 2007, 2:05 am
#27
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Joined: Jun 2006
Location: Quietly in the barcode
Posts: 79
Re: NZ Shack for sale
Lol!! you'd have to build your own
May 22nd 2007, 7:54 am
#28
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Location: Back in NZ & loving it - living in Orewa
Posts: 1,183
Re: NZ Shack for sale
Same as a lot of places really. Our property in Devon was valued at about £325k. The rebuild cost of the house for insurance purposes was £70k. So £255k for about 400sqm of sloping land with a glimpse of the estuary in a beautiful village.
