so that would mean your original price was $217k for a property earning $140? a week?

what you smokin man!

I think the property will sell for around $100k. remember, rates have gone up a lot lately. Secondly, the house will be bought by an investor as there is a tenant, so dont make any comparisons to PPR sales. No investor will buy unless the numbers stack up, and of course they dont start to look good untill yield reaches the mortgage interest rate (currently mid 8’s)

take new photos, and change the front yard, it looks barren.

maybe evict the tenant so you can bring in the owner occupied market.

owner builder is someone who does STRUCTURAL work. This means altering existing structural walls or adding new ones via an extension. Things like gyprocking / tiling etc are not structural work. would have to be a big job to get $12k in structural work. Of course, if the bill is $11,999, you're in the clear!

heard a lot about bad tradies but not much about scumbag customers………

dont all jump up and scream "racist !!!" but as a tradie Ive found there are different cultures treating people in different ways………

if for example, I smell curry, I know the client will be an absolute pain in the butt and getting paid will be very difficult. They will stand over me and watch everything I do (which causes me to lose concentration and take longer costing them more). Ive even had some insult me in ways I wouldnt use against my mortal enemy. I doesnt matter how pefect a job you do, they will always complain and demand a discount.

if I saw a lexus in the driveway and a family of ten in the house with the latest electronics everywhere, I know they will be fair and reasonable. They are usually appreciative and ask for your card. They might seek a discount during the quote process but will never argue about money when the job is done. Often they pay in cash without you even asking them for payment. these people are my kind of customer.

then there are others who get 10 quotes for a 5 min job and waste tradies time. they want something fixed TODAY but yet wait 3 months to pay the bill. Ive had repeat customers who do this and I say "I can get around to it in a few months"………they ask why it takes so long and I say "Im quick to get to the job if you are quick to pay up"

hi Kylie

I would like to hear more about how you do a reno.

we are in similar situation but your setup sounds good.

we travelled around the U.S & NZ for 3 months after reno #1, looking for another holiday as we are about to complete #3. we also bludge a lot, Tuesday is often video day & we do half days on Sat & Sun. we used to work 6am to 6pm but it nearly killed us. now we barely do a 40 hr week.

we both enjoy spending all our time together instead of sitting in traffic & dealing with the whining public. we sometimes employ 2-3 people with no job prospects.

we seem to be getting better at this game, reno #1 took 12 months & made 83k, #2 took 6 months & made 100k, #3 will be 2 months & 80k. 300k p.a sounds good.

cheers

mould resistant silicon will only stop mould attaching to the surface. it wont stop mould growing underneath if you put silicon on another surface.

my guess is rip it all out and start again. and DONT lick your finger when smoothing out silicon……..thats where most mould starts

if its a unit, the wall is probably brick, and therefore structural.

second, you need body corp permission.

might still be possible tho

glad you realised what I was getting at, even if nobody else did & I copped it. Your boss must be a little like me…….
It was worth it. I realise I have no tact and this is an issue for some. But thats the way I am.

now we are getting somewhere.

Too often I watch these reno shows on TV and they make it seem so easy & cheap. Then people follow their example & lose a bundle of money. I guess I was beginning to think the same thing was happening in this thread. Thats not really your fault either.

Profits aside, you should be commended on your candid and honest contribution, especially during a period when your time was valuable and in short supply.

thanks