Forum Replies Created
Yes it would look odd! If you need to replace doors, then maybe better to stick with painted finish. White trim will really freshen up the property. From memory the exterior was quite tired and dark. All the more reason to use white trims.
Sorry to confuse you. Will give you specific advice about your renovation colours etc when we chat over the phone and I can see your photos.
Perhaps get pricing on both options so I can get the full picture before making a recommendation to you.
Jane – Hotspace | Hotspace Consultants
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Hi Fredo,
As a designer I come in touch with these paint brands most weeks. The paints I hear the best comments about are Taubmans, Dulux and Resene.
People always will have their favourites and painters in particular are very loyal. The reason painters are so loyal is that they negotiate their discount with the various paint companies/onsellers and then want to sell their customers the brand they get the biggest discount on – so that they can make the biggest margin on the paint.
You may not know this (and I will probably get some death threats on this one – ha ha!) but you can actually tint any brand of paint to any colour you like – from any other paint brand. For instance if you like a Taubmans colour but want to use a Dulux paint product, you can. Most paint shops will carry the colour formula for all the other paint brands out there.
The colour may turn out slightly different as the base paint and the tinters used by a different brand of paint will not be the same as was used when creating the sample chip.
Just saw the date on your original post so hope this catches you in time!
Jane – Hotspace | Hotspace Consultants
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Hi Emma,
Can you post a photo? Love to give you some help with this one!
Maybe take a photo of the exterior of the property too so I can get an overall impression?
Dulux, Grey Pebble Half is a great choice for an interior – have used this a number of times myself and it is a very clean, light, modern colour. It will look great with either white or Jarrah trim.
Regards,
JaneJane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Renovating is a great, low risk way for people to add value to their property and make money as a result, even in these 'hard times'.
The trick however, is doing it properly and not over-capitalising of course.
I have plenty of clients renovating-for-profit at the moment. Not everyone is just sitting on their hands thank goodness.Having said all that, if not many new homes are being built, then builders are in short supply of work which means now would theoretically be a great time to get some sharp pricing and (hopefully) a quick turn-around.
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi again Emma,
I meant internal blinds/window dressings.
No I wouldn't do anything else on the exterior. Sometimes feature louvres or a modern canopy/awning can work well to add interest. However, I don't think it's necessary on this property once the rest of what I've suggested has been done.
So pleased you are using my DIY Renovating System for this property. Make sure you update us all with your photos when you're finished!
Regards,
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Emma – Hopefully you're putting our DIY Renovating System to good use!
My best tips to improve street appeal of this property are:
a) Paint the weatherboards a medium strength neutral colour – possibly Dulux, Calf Skin
b) Create a really sharp looking garden – I'm talking flattening off the yard completely, remove all existing garden beds and create something you might see in a show home with slick garding edging and structured plants (Plantation Homes have some good examples of this… http://www.plantationhomes.com.au/#/House/7/)
c) Install 50mm slat wooden blinds in the windows (particularly road facing) to emphasise a linear look which will help you modernise it beautifully
d) Can't see what the window frames are made of but if timber, I would definately paint them to give them a lift
e) Consider coating the driveway using a specialised paving product for driveways
f) Think about a garden bed running along the front of the property – parallel to the road – as this will help 'frame' and 'contain' the property without having to go to the expense of building a new fenceHope that helps.
Talk to you on the other side!
JaneJane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
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Hi mg,
The best piece of advice I can give you is to have a clear plan about what you are going to do to your property, before you do a thing!
If you can clearly articulate what you want, then you are well on your way to a successful reno. This way you can get accurate pricing up front. Then when it comes to the implementation, there is less likely to be confusion/overlaps/gaps in your reno – which is what causes cost over-runs.
I always recommend a project manager when my clients are renovating a property that is not local to them. If you have appointed your property manager yet, then perhaps see if they will co-ordinate the reno for you. This is an excellent option as they will already have reliable trades-people they can call on. You will pay a margin on top of the actual costs – and this will cover the running around the property manager is doing for you (just as you would pay a Project Manager).
I would always use a Project Manager over a Property Manager (if you have the choice). They will be more focussed on your reno and therefore have it finished quicker and with less complications.
You'll probably want to make at least 3-4 trips. First to go and make a plan about what you are going to do to the property (don't rely on anyone else or they may have you ripping the whole place apart and starting from scratch!) – and give it a clean up (as suggested previously). Secondly, to meet tradies to get quotes. 3rd visit to kick the project off and clarify specs with each trade. 4th + visit to monitor progress (visit as often as you can – and if you can't visit site yourself, make sure someone else is doing so on your behalf every few days).
Hope that helps mg.
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
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Hi Fredo,
Check out this website… http://www.spacemakerwardrobes.com.au/
I have directed a couple of my clients to these guys and have had some good feedback. They are based in Brisbane but deliver Australia-wide.
Hope that helpsJane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi imaginery number,
Just a tip on the type of carpet you could select to help keep your costs down. From a specification point of view, a loop pile Solution Dyed Nylon carpet could be a good way to go. This is because it is hard wearing, less expensive than wool but still soft under foot – which is often lacking in other cheaper Polyester/Nylon type carpets.
I've seen some good options at Bunnings too. Also, a few weeks ago Carpet Choice had a product called 'Coventry' for $36/sqm installed. Thats a pretty good price – and was a nice carpet too (that coming from a fussy designer!).
A good quality vinyl could be the way to go – but I have some hesitation in advocating vinyl tiles because if they are not installed correctly, can lift over time (and get dirty in the joins). If you're going to be renting the property out eventually then I do recommend spending a bit extra on getting it right.
Spending a bit extra (maybe only another $1000 on the entire property) in the short term on a better quality flooring means it is more likely to last longer. I have seen some excellent 'timber-look' vinyls – but they only look decent when you buy a good quality one. Cheap timber-look vinyls look n-a-s-t-y!
Good luck with the reno.
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Marie,
I've never sold a property without the help a real estate agent, but I have sold a number of properties – just about all of which I have staged. Research says that a staged property sells for an average of 10% more and in 50% of the time. I'm not sure how these figures are arrived at, but I certainly have had excellent success (though I did reno the properties as well).
The cost does vary according to who you use, how much of the property you stage and the quality of the furniture and accessories. However, you can keep your costs down by only staging the key areas such as lounge, dining and the master bedroom.
Here is an article on my website that you may be interested in… http://www.hotspaceconsultants.com/pdf/Styling-your-property-for-maximum-sale-price.pdf
RE selling yourself – I'm pretty sure that when buyers realised you are selling privately, they will automatically deduct the equivalent of agents fees off their offer (and use that as part of their justification) – I know that's what I have done in the past!
Best of luck with the sale!
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Paul, Just a quick note re your bank valuation. I believe you may be able to request a full valuation from your bank given that you have made improvements to the interior. Certainly worth asking about (or demanding as the case may be!). If they will not do this, then perhaps see if you can pay the valuer yourself to go back and do a full valuation to then re-submit to the bank.
Good luck!
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
I have written an eBook called "How to Trim the Cost of your Renovation". Feel free to send me an email ([email protected]) if you would like a copy. I'm happy to offer it to PropertyInvesting.com members for free.
Cheers,Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Some excellent answers here. Kev T is right – every property is different and every area is different.
Are you renovating to hold or sell? This is certainly something to consider when deciding what to do to the property. Spend more on the interior if you're holding to rent out and spend a good deal of time and effort on the exterior if you're selling. This is key!
Another thing to do is to set your budget first. Then allocate your funds according to what is most important. Kitchens and bathrooms are important, yes, but depending on the property you might be better with a 'trick up' rather than gutting the house and starting from scratch.
Look at spending $1 to make $3 or $4 if you can (easier said than done huh!). To give you an example, I recommended to a client that they just trick up their kitchen rather than replace it entirely (which is what she was originally going to do). She spent $2,000 + appliances and flooring and made quite a significant change to the kitchen. It's not a million dollar property – it's a $400k property, so this sort of reno was perfectly suitable… http://www.hotspaceconsultants.com/_webapp_449809/53_Wildley_Road
It's really important to not take a 'blanket view' of your property by doing what everyone else is doing (or what the taxi driver tells you). Well done on doing some research before jumping in boots and all! Talk to some agents and take advice from people who know your area and your type of property. Eventually you will come up with some repeated advice. When you get told something 3 times by people who know your area and your property – I'd say you're on the right track.
Good luck!
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Strataman,
Catalyst is right – one of the best things to start with is finding out what people want – what they find value in. You could call 3 or 4 well regarded real estate agents in your area for their feedback perhaps.
In my experience, a separate toilet will add more value to a property. Yes it's a great to have a large bathroom, but better to have a separate toilet when there is more than one bedroom especially.
There are lots of excellent design tricks that will help you give the illusion that your bathroom is bigger than it actually is. For instance, a wall mounted vanity (not touching the floor), lighter coloured walls than floor (make the walls appear further apart), landscape positioned wall tiles (elongates the room), frameless glass shower screen (creates a more seamless look), large frameless mirror set into the tiles, avoiding medicine cabinets and anything that protrudes into the room unnecessarily, good lighting that shines onto the walls and pushes the walls out. These are just a few of the things you can do!
If you scroll down the page at this link, you will see a few of these principles in action… http://www.hotspaceconsultants.com/_webapp_742650/48_Rogana_Crescent
Good luck!
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi everyone its Jane from Hotspace Consultants here (referred to in the above posts).
Yes I did ask some of my previous customers to hop on to this forum and give a testimonial for me – thought better than to big note myself… And I promise there was no bribery involved! They are real people and I'm pretty sure they'd be happy to provide a verbal testimonial.
I am fully booked at the moment anyway, but there is loads of free info on my website (eBooks, Blog etc.) so lots to get on with while you start the planning of your reno's (see below).
I wish you all well with your renovations.
Regards,
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
You're welcome!
One of the hardest parts is finding a property to reno in the first place. You're right there are some processes/templates out there that will help you – and this is an excellent thing to use, especially if you're starting out.
There are also a few really good courses out there. Cherie Barber and Stephen Tolle are EXCELLENT (Renovating For Profit). Their course is so thorough and you walk away with so much knowledge, templates etc… I have presented at their seminars now a number of times and I can't tell you how comprehensive it all is! You of course need to pay for this and this is where some people come unstuck. But think about it like this – you'll spend (say) $5k on the course but on your first deal you are likely to make this back 5 or 10 times over (depending on the deal of course!).
The other option is Ana Stankovic (Winning Formulas for Success) who is also excellent and does courses as well as a very reasonably priced coaching/mentoring service. This is great if you want 'hand-holding' through your first deal especially. Money well spent I would say!
Good luck.
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Alex,
I have personally sold 2 properties over Christmas and have not really had any problem. I have to admit they settled early January though as opposed to late December. One of the reasons we had to settle in January was because the buyers solicitor was on holiday!! (just something to think about).
I would definitely have a back up plan since that time of year is pretty crazy and people are concentrating on their holidays, family etc. and not necessarily on moving house.
One thing to really make sure you do (at any time of the year) is create good VALUE for your buyer. There are lots of articles on my website if you are interested. In particular, I am a fan of renovating to meet the needs of your target market. See if you can find out who your likely buyer is going to be (young families, retirees, professional couples, families with teenagers etc.) by talking to local real estate agents. Then renovate your property to suit that target groups' particular needs and wants. You also might consider their average income (so you can work out what value of property they are likely to buy).
I know this is a little like 'crystal ball gazing' but you can work these things out to some degree. Better to have a bit of an idea about who your buyer is going to be than no idea at all!
I hope this helps.
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Mrs C
Jason and Scott are right – Ikea have some fantastic product but when it comes to kitchen cabintery etc I wouldn't go there unless it was a basic, straight bench.
Their product does look nice in the showrooms, but when it comes to quality and longevity I don't belive it is up to scratch – particularly for an investment property where you've got tenants banging and crashing the kitchen doors etc. without much regard for looking after it.
Seriously, you can go to a local kitchen maker and buy twice the quality for the same price or less. Get your ideas from Ikea – sure (colours etc.) but buy local if you can. I do believe you'll get a better result without having to spend any more money (and you'll be supporting your local tradies!). You could even take the specs from your ideal Ikea kitchen to your local cabinet maker and see how they can match or better the Ikea price. Be sure that they include installation in the quote.
Hope we've convinced you!
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Mav,
It's a bit of a tricky one since so often open plan is the way to go and the typical size of a kitchen next to a typical sized dining room next to a typical lounge is more than you will actually need.
I do highly recommend getting a designer to look at this for you rather than trying to work it out for yourself. I find that when my clients attempt to reconfigure a layout themselves there is usually (always!) a better way – and a designer is trained to work through and refine the best layout design for your particular property.
If you are set on doing the layout yourself, jump onto Google for average area sizes (which will vary according to the overall property size, number of bedrooms, type of property and expectations of buyers/renters in your particular area).
Sorry not to offer you a one-size fits all answer. Good luck none-the-less!
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi again,
Yes you can but I don't recommend it! Horizontal surfaces need to be very hard wearing and re-coating yourself I believe is just not going to cut the mustard.
Resurfacing vertical surfaces is more acceptable if DIYing – so if you ever have doors/drawer fronts that need re-surfacing this is certainly a possibility.
However, if re-surfacing doors etc.. on a rental property that is going to be susceptible to a lot of wear and tear, then I definately recommend a professional application.
Hope that helps!
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist