Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
I have Planning Permission to build a 2 bed end of terrace house with gross internal floor space of 79sqm onto the side of an existing rental house I own. Requests for quotes have gone out to 3 builders, one used before and other 2 from recommendation.
I thought I could get it built for around £100k, but all have come in at least 20% over that figure. Any ideas on how to get price down, but still get a quality build.
Meeting with the builders to discuss further. They will project manage the build, advice appreciated.
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