One of the challenges before we started the first small time subdivision was forecasting the total costs of the project and the likely timeframes. We both have a little experience in understanding things like the approx sixty days to get a planning permit and a few grand here and there but it's so often the little things that spring up and become the big blow out. Fair to say the sewer caught us off guard a little.
Below is the costings for the two lot subdivision and contruction of the dwelling. Some minor extras will spring up, we are sure of that, but there shouldn't be anything 'substantial' *touches wooden desk*.
The interesting thing is that a few people have said, including the Council, that a two lot subdivision will cost around about $25,000 if it has road access and $35,000 if you have to contruct a road. It was hard to picture where all the money would go - we thought we might do it for closer to $15,000. As it has happended with a few grand here, a few grand there, the figure of 25 was almost spot on. All up the subdivision will cost around $26,000.
The subdivision process is now almost complete. In fact we are very close to obtaining our final compliance and lodging to get new titles for the two blocks. That will mean we can go back to the bank and say "show me the money....show me the money!". We have been informed by the bank that once the subdivision is complete funding will be a breeze! *again touches wooden desk*. Our next few posts will transition through that stage of the process and into the actual physical house construction! Exciting times.
For now... want to see what 9 grand worth of sewer and drainage looks like? See below and thanks for reading.
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| Entrace to new lot - the lot boundary is marked with pink flag |
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| Street frontage - that's the drainage pit in the foreground |
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| The sewer trench - those smaller ones are telecomm and gas (i think) Apologies for making you turn your head :) |
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| And that there is a sewer pit and inspection cap! |
