money making ideas ??

[jo and scott]

hi pp !!

 

ive not been on here for ages as kids were off school for holidays, but they are back to school, and now I have some spare time ! back on perth poms :-))

 

we are still living with mil, but the driving to school is really annoying, anyway, a house has come up for sale, its about the same distance from school but, its needs doing up, we are thinking of buying it and doing it up to make some money.

 

what id like to know is, has anyone else done anything else like this ? if we buy this house and do it up we may have a nice little lump sum to come out to oz with :-))

 

jo. xx

[verystormy]

We did it. It wasn't really with the idea of making a profit, more that we could only afford that. But, we got a good return in the end. We bought it for £40k, spent about 15k doing it up and sold for £84k. But, be aware it is very hard work and stressful. I wouldn't want to do it again.

[jo and scott]

thanks stormy. the house was up for auction £165,000 a few weeks ago but now its up for sale again at £150,000.

 

needs new kitchen and bathroom, bit of plaster and paint, hopefully job done !!

 

the way things are going we wont be able to come out by next September,

[verystormy]

Why?

[jo and scott]

whilst the girls were off school for the six weeks hols we havnt done anything with the visa, and spent a bit too much on doing stuff with our girls, had a holiday, which was booked before we had even thought about oz.

 

we need to book the skills test next, which we need to do now but just trying to get the money together.

 

I suggested a while back about buying a house to do up and sell for profit, but scott wasn't interested, but scott noticed this house has come up, going to find out about it on Monday.

 

how is your little dog stormy ?

[verystormy]

Ah, I see. But, once the process starts, you will be surprised how it picks up momentum and before you know it, you are on a plane!

 

the little fella is doing well thanks. He is eating like you wouldn't believe. Just had a tin of meat and a bowl of biscuits for breakfast and will have soft boiled egg and soldiers when he comes home. His fitness is slowly coming back. He will be out for about 45 minutes now, which is good.

[SJT]

Jo

 

We did this we our last two houses. The first one we lived in it whilst it was being done and it was going to be my forever home. Then decided to move closer to the kids high school and brought a bungalow. We then renovated it purely with the chance of giving us more money to come out here with. It did work and it did give us the lump sum for the seven months Pete could not find work, but it nearly destroyed my marriage. It was stressful, even though we never lived in it whilst doing the work, it was more stressful than the move here and I had already experienced a renovation job. We never saw Pete as he was working a full time job, then spending all hours god sent preparing the house for the next tradesmen, money was extremely tight and we were robbing Peter to pay Paul.

 

If it is the only way you can see forward to help with coming here then go for it, personally I would never do it again just to make a bit of money as the stress and the time hubby misses with the family really are not worth it. XX

[jac2011]

I bought a house to do up with my ex husband, we thought we could do it up with £10,000 and it ended up going way above budget (which we didn't have) so we were living in a house with rooms unfinished. This lasted 6 months, and then with working opposite shifts to bring money in our marriage crumbled. My ex left and I lived in that house unfinished for 4 years without enough money to finish it but every last penny was being spent trying to keep afloat on the problems...

 

Between 2007 and 2011 we lost £23,000 on its value and the £10,000 - £20,000 we spent on doing it up and maintenance problems (2 boilers, new electrics).

 

Never again. As much as people call new-builds I would rather have a new build any day!

[jo and scott]

Ah, I see. But, once the process starts, you will be surprised how it picks up momentum and before you know it, you are on a plane!

 

the little fella is doing well thanks. He is eating like you wouldn't believe. Just had a tin of meat and a bowl of biscuits for breakfast and will have soft boiled egg and soldiers when he comes home. His fitness is slowly coming back. He will be out for about 45 minutes now, which is good.

 

thanks stormy, all we have to do is book and pay for skills test, police checks and medicals, it doesn't feel like a lot at all !! would be lovely if we had the money to come out once the visa is granted.

 

ahh so pleased to hear he your little doggy is doing well :-)

[The Jamesy's]

hi pp !!

 

ive not been on here for ages as kids were off school for holidays, but they are back to school, and now I have some spare time ! back on perth poms :-))

 

we are still living with mil, but the driving to school is really annoying, anyway, a house has come up for sale, its about the same distance from school but, its needs doing up, we are thinking of buying it and doing it up to make some money.

 

what id like to know is, has anyone else done anything else like this ? if we buy this house and do it up we may have a nice little lump sum to come out to oz with :-))

 

jo. xx

 

Hi Jo,

 

It's nice to see you on here again

 

Okay, so, the middle of 2010 we bought a doer upper on our original return from Perth at the end of 2009 and after spending 10 months with MIL. It was never going to be our forever home as it wasn't in the area we wanted to be in. We built an extension, new kitchen, new bathrooms, every wall and ceiling needed plastering. Well, hubby did most of it as he is a carpenter by trade but does a bit of everything, so we moved in with 3 children and our 4th imminently due!! After being in the house for 2 weeks, baby number 4 came along!!!! We then spent 3 years doing all the work as we didn't borrow the money to do it, we had to save a bit then do a bit. Well, hubby did all the work so again, like someone else went through hubby spending every weekend/evening working on the house after doing a full days work. We finally sold this at the end of last year and were returning to Perth (typical ping ponger!!) however, hubby had cold feet about work and was really unsure about going back, so we said we'd spend another 6 months in the UK and see how we feel then. A property came up that was near to the girls school as I had spent the previous 4 years doing round trips of about an hour to and from school. It didn't need loads doing, just reflooring throughout and décor, new doors-so cosmetic really. We bought it for £405,000 in Feb this year, we have just literally sold it for £467,000, so after outgoings and costs, we made about £50,000!!! We are currently living at the in laws until we book flights to return to Perth in about 3-4 weeks!!! We are all very very excited and hubby doesn't have cold feet this time and is more positive about work especially now we have extra money to take with us.

So, although we have spent the last 5 years renovating properties (at the cost of family life believe me) we have made a very nice profit which is going to give us a lovely safety net in Perth and may allow us to be mortgage free or at least a very little mortgage-depending on where we decide to stay.

It is hard going working and living in that environment especially with young children and family life does get put on hold. I don't regret doing it because of the profit we made, I am just anxious now to get to Perth and make up for all the lost family time we have missed out on.

 

Good luck with whatever decision you make, if you have maybe another year before you get back to Perth then it may be worth it for the extra money it will give you in your new lives down under!!!

Good luck Jess xxxx

[jo and scott]

I bought a house to do up with my ex husband, we thought we could do it up with £10,000 and it ended up going way above budget (which we didn't have) so we were living in a house with rooms unfinished. This lasted 6 months, and then with working opposite shifts to bring money in our marriage crumbled. My ex left and I lived in that house unfinished for 4 years without enough money to finish it but every last penny was being spent trying to keep afloat on the problems...

 

Between 2007 and 2011 we lost £23,000 on its value and the £10,000 - £20,000 we spent on doing it up and maintenance problems (2 boilers, new electrics).

 

Never again. As much as people call new-builds I would rather have a new build any day!

 

so sorry to hear this jac2011, ive watched loads of the makeover programs and nearly all of them go over budget and over time, which would worry me, but then there is that 'what if' we may make a lot of money, but we may not, my sister in law has done up a few houses, great big ones that sell for a million quid ! we are starting small tho, its a 2 bed bungalow.

[jo and scott]

Jo

 

We did this we our last two houses. The first one we lived in it whilst it was being done and it was going to be my forever home. Then decided to move closer to the kids high school and brought a bungalow. We then renovated it purely with the chance of giving us more money to come out here with. It did work and it did give us the lump sum for the seven months Pete could not find work, but it nearly destroyed my marriage. It was stressful, even though we never lived in it whilst doing the work, it was more stressful than the move here and I had already experienced a renovation job. We never saw Pete as he was working a full time job, then spending all hours god sent preparing the house for the next tradesmen, money was extremely tight and we were robbing Peter to pay Paul.

 

If it is the only way you can see forward to help with coming here then go for it, personally I would never do it again just to make a bit of money as the stress and the time hubby misses with the family really are not worth it. XX

 

 

thanks sjt, I do think this may be the only way we can come out by September 2015, and if we do renovate the house in time or earlier then maybe we could come out earlier :-))

 

my daughter lauren is due to start senior school in September so we would like to come out before then if possible.

[jo and scott]

Hi Jo' date='

 

It's nice to see you on here again

 

Okay, so, the middle of 2010 we bought a doer upper on our original return from Perth at the end of 2009 and after spending 10 months with MIL. It was never going to be our forever home as it wasn't in the area we wanted to be in. We built an extension, new kitchen, new bathrooms, every wall and ceiling needed plastering. Well, hubby did most of it as he is a carpenter by trade but does a bit of everything, so we moved in with 3 children and our 4th imminently due!! After being in the house for 2 weeks, baby number 4 came along!!!! We then spent 3 years doing all the work as we didn't borrow the money to do it, we had to save a bit then do a bit. Well, hubby did all the work so again, like someone else went through hubby spending every weekend/evening working on the house after doing a full days work. We finally sold this at the end of last year and were returning to Perth (typical ping ponger!!) however, hubby had cold feet about work and was really unsure about going back, so we said we'd spend another 6 months in the UK and see how we feel then. A property came up that was near to the girls school as I had spent the previous 4 years doing round trips of about an hour to and from school. It didn't need loads doing, just reflooring throughout and décor, new doors-so cosmetic really. We bought it for £405,000 in Feb this year, we have just literally sold it for £467,000, so after outgoings and costs, we made about £50,000!!! We are currently living at the in laws until we book flights to return to Perth in about 3-4 weeks!!! We are all very very excited and hubby doesn't have cold feet this time and is more positive about work especially now we have extra money to take with us.

So, although we have spent the last 5 years renovating properties (at the cost of family life believe me) we have made a very nice profit which is going to give us a lovely safety net in Perth and may allow us to be mortgage free or at least a very little mortgage-depending on where we decide to stay.

It is hard going working and living in that environment especially with young children and family life does get put on hold. I don't regret doing it because of the profit we made, I am just anxious now to get to Perth and make up for all the lost family time we have missed out on.

 

Good luck with whatever decision you make, if you have maybe another year before you get back to Perth then it may be worth it for the extra money it will give you in your new lives down under!!!

Good luck Jess xxxx[/quote']

 

hi jess, that's fantastic news, congratulations on selling your house !! not long until you fly out :-)) and a nice profit too !!

 

what worries me is that if we were to buy a house, what happens when you sell it and your flights are not for a couple of weeks ?? mil is going to sell her house once we move out so there isn't any family to stay with.

 

anyone else in this situation ? do you stay with friends or book a hotel ? saying that actually, my sil is renovating a great big 6 bed pub / house at the mo, so that may be ready lol !!

 

xx