BEFORE
Buying a property is an act of compromise. You might like the house but not the location; the living area might be lovely but it faces the wrong way; the first two bedrooms might be big but the third is a study nook. Those were the issues that came up again and again when Hilda and David Drake were looking for a new house.
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AFTER
The couple, and two grown-up children, started looking for a house with three equal-size bedrooms, was close to a train station and had enough room for entertaining. They failed.
What they did find, however, was that they didn’t have to compromise after all – if you build new, you get exactly what you want. So, for those who don’t want to compromise, here is how they did it, step by step.
Step 1: Find a good spot
After looking for six months, the couple came across a three-bedroom brick bungalow and picked it up for $500,750. Although it had charm, the property was in a very shabby condition.
Hilda says: ”It was very rundown, the ceiling was falling apart and the roof needed to be redone. It would have cost $20,000 to fix just that.
Read more at: http://smh.domain.com.au/real-estate-news/renovate-or-rebuild-customise-not-compromise-20120420-1xao8.html
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Green Real Estate Appraiser 