The IP we are looking at purchasing has a ramshackle laundry attached on to the back of the house and we are trying to find alternatives, so can get rid of the eye sore. The house is a 3 br postwar home and we are aiming to reno and sell. We saw combined kitchen/laundry on visit to the UK and I found one post that suggested do in Cairns units. Was wondering if anyone has a view on whether or not a viable idea. Any other ideas?
Thankyou.
MelanieI'd buy it, if it was done well. Or is there a large bathroom that could take a laundry?
Bathroom ok size but kitchen big eat in style. Thanks for helping.
It would have to be a real ugly laundry for us to demolish it instead of renovate it. Extra rooms usually mean extra $$. However if you go ahead there are some really good options available these days that intergrate laundries well.
Check with the local council especially if it is postwar as it may have asbestos that needs to be removed.
Adrian and Amber Zenere
http://www.RealEstateDevelopmentClub.comMain problem is that there is a laundry extension and a 2nd bathroom extension off rear of house from the kitchen, (the kitchen window looks into the bath extension!!!) and both are on diff levels to each other and to the rest of house. We think it is the ‘problem” that makes the house undervalued. There is a gorgeous back yard with no windows looking onto and the only rear exit is down thru the laundry. We were thinking that as there is another bathroom and ensuite off main, would convert rear area to an outdoor living space. Does that sound reasonable or not?
Thanks guys.Have a look at some space saving options that appear on some reno sites. They have some really good designs for intergrated bathroom/laundry, cupboards and all sorts of stuff. Hidden washer/dryers can be accomadated through a well designed bathroom.
I've seen some really cool bathrooms with hidden laundry facilities. I hate shared laundries in units!When we're considering a renovation or development project we always start with the end in mind and ask ourselves this question: Who is my buyer and what would they want?
Would they want a 3 bedroom home with 2 bathrooms and an ensuite, separate laundry with little access to a beautiful backyard or would they want a 3 bedroom home with 1 bathroom, 1 ensuite, combined kitchen/laundry (that was intergrated well) and easy access to an outdoor living area and beautiful backyard.
If you're still unsure ask 2 or 3 real estate agents in your area for their opinion. From our experience most are happy to help especially if they think there could be a possible sale in it for them.
Then with any project you need to 'crunch the numbers' beforehand so you're confident that it will be profitable. Apart from the renovation costs take into account the costs to get into the deal (stamp duty and other purchase costs) and any costs to get out of the deal (CGT, agents selling commissions, etc.)
Remember to consider how long each option will take as time is money. If it appears you're onto a winner then go with the most profitable option and where there is likely to be more demand. After all a property is only worth what someone is willing to pay for it so the more demand the more likely you will achieve a better outcome.
Hope this helps!
Adrian and Amber Zenere
http://www.RealEstateDevelopmentClub.com
You must be logged in to reply to this topic. If you don't have an account, you can register here.
