Affordable Backyard Studio
We all can’t afford the major disruptions that home renovations or additions could cause. That is why HopMod offers you a better option of getting more room without all the hassle and high costs. We make sure that our clients have an affordable backyard studio that fits their budget.
Whether you need an affordable backyard studio or cheap home office pod, we got you covered.
Option 1 – Upgrade to a New House
Step 1 - Sell existing too small house
Average 3-bedroom price $850,000 (median Canberra price)
Real Estate Fees:
- Marketing – $4,000 paid by vendor
- Real estate fees – 2% sale fee – $17,000
Give up your next 6 weekends – first 2 weeks getting home ready for photos; next 4 getting home looking like showhome.
Step 2 - Buy new larger house
Four-bedroom en suite home in same area ($1,050,000)
Move in with parents (with 2 kids)
Spend next month looking for new home, find one you like, get beaten at auction (it went for $1,125,000. Happens twice, start looking at broader area.
Finally purchase at $1,085,000 (fourth bedroom is more of a study, but it has an en suite.)
Changeover cost – purchase vs sale $235,000
- Real estate fees – $21,000
- Stamp duty – $42,952
- Solicitors fees – $1200
- Removalists – $1600
TOTAL – $301,752
On top of staying with in-laws!
NO DOLLAR VALUE CAN BE PUT ON THE PAIN, LOST TIME, STRESS OF BEING BEATEN AT AUCTION.
Option 2 – HOPMOD
Step 1 - Introduction - what are you after (Pay initial consultancy fee.)
Step 2 - Site Analysis (do you need council approval or exempt development?)
Exempt: Pay Deposit > Get cracking > Turn up complete. Only 1 week of site disruption.
Approval process: Pay deposit > Submit to council or private certifier > Wait for approval > Get cracking > Turn up complete. Only 2 weeks of site disruption.
Prices for a 7.5 metre unit x 3.1m:
$45,000 + GST, with an open footprint
$85,000 + GST, fully fit-out including bathroom, kitchen with island bench and storage
NO PAIN. NO LOST TIME. NO STRESS.
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