Browse Forums Building A New House Re: House cost to land value ratio - avoid overcapitalising 10Sep 28, 2008 5:01 pm After 4 years - we're in! Re: House cost to land value ratio - avoid overcapitalising 15Sep 30, 2008 11:57 am Ours will be 2:1 - this is for everything except the rear landscaping and curtains (may be using old sheets initially). We are building in the ACT. 'We make a living by what we get, but we make a life by what we give.' - Winston Churchill Re: House cost to land value ratio - avoid overcapitalising 16Jul 11, 2022 12:11 pm Ours will be 1:2.3. beach suburb . land is $600, build will be $800-$850. Purchased a lot with a wider frontage to achieve a three car garage. 5 bedroom + office. We are in a comfortable position so feel it's nice to add an extra bedroom and more car space. Can't say how long we'll live there but we don't plan on moving any time soon. Have a young family, so intend to say put for a while. I think these extra items *(incl space/ sq m's ) will help our home stand out amongst the crowd, when we do come to sell. Finding a builder who can achieve a quality looking home helps too. Re: House cost to land value ratio - avoid overcapitalising 17Jul 11, 2022 5:04 pm overcapitalising usually means don't build things like pool, fireplace etc, unless you actually need it, or it's expected that the kind of house you're building should have one. or don't put a fancy kitchen or bathroom in, if the rest of the house looks like trash. if you're building a house for yourself though, an easy way to not overcapitalise is to not think about the items that you like to have in your house as capital investment. think of them as just things you want to treat yourself with. as long as you can afford it, and don't expect to get any kind of return from it when you sell the house - it's not overcapitalisation It pains me to do this, but I feel that I need to get the word out and ensure others don't have the same outcome as me. Avoid dealing… 0 1331 The last home I lived in didn't have a pool and when i went to sell it the agents were not happy, even telling me to put one in to sell the place. The agents weren't happy… 2 4674 |