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I pay $1,200, for a few property transactions, a few buy and holds, 2 companies , two trusts and my wife's wonderings. This also includes a good chat/planning for the new financial year. I think is reasonable considering how much money my accountant has been able to save me over the years with good advice. In the whole scheme, $1,200 is not a lot of money. Happy investing
Hi Simon, don’t know where are you based. I work the hunter area in NSW and there are a couple of recycled wood places, good value too. My tradies are instructed to keep and re-use wood when possible. I would love to share photos of it, however we try to use this wood for interior structures (form for walls, baths, etc) and use new timber for decking, etc. If in NSW, and close to the Hunter I would be more than happy to point you in the right direction. Happy investing
Normally, a town house would be cheaper to run, and attract a higher rent (if closer to the city). A house would have a higher capital growth due to the land content, remember land appreciates, building depreciates… Happy investing
Property Data Solutions, PDS, is operating in NSW now and are a similar however much cheaper option than RP data, etc…
Before you subscribe to any service, I want to share with you that there is a lag between the time the property gets sold and the time you can search for it in any service available out there. This lag includes settlement and government red tape, etc, etc. In other words, if the property gets sold tomorrow, you should be able to get the price through any of the services mentioned above, however it takes 2-3 months to get updated…. Just in case, however if all you want is to find out how much comparable properties have sold for, then I would really recommend you pay for this data, it will save you money in the end. I used to be a property analyst before going full time property investor, and this is why I know about "the lag", Happy InvestingHi there Mark makes a good comment. The cost of tiling for my renos range around $25 to $35 per sqm (for the tiles) and around $20 per sqm for laying the tiles to finish. Work how many sqm you have( you can do this by measuring the length of the area and the width and multiply both measurements). Call some tilers in your area and give them the total sqm’s and they will give you a quote straight away, good luck!
I do my renos not too far from you (Hunter), may I suggest you place a tiny $20 add in the paper and you will see how many handy man/fencers you will get, I got 25 calls in 2 days. I tried a few out and now I have found a couple of guys that charge me less than a fencer and do the job just as good. The other option would be to call the handy man and ask them if the know fencing, etc. Some of the guys that called actually had references to proof that they could do fencing, etc. Plenty of good handy people out there, good luck!
Hi my name is Jon, I am a full time property investor, it would be good for you to think about this: If you do the work yourself, then it is not an investment, if you delegate the work and manage from home/phone/odd visit to your sites, etc, then it is an investment.
For me if I had to pick up a hammer I would have stayed at my corporate job, safer…
I am running 4 renos at the moment, and there is no way I could do this without delegating 100% to tradies. I have one handy man that I pay a little extra per hr and he does all the running around, including buying materials, etc, etc.
Are you an investor or you just have changed your job for another job…
This was a good distinction for me, it helped me not loose track when I decided to do this for a living.
May recommend you delegate this job. Talk to the “owners corporation” of the building and then get a semi retired bricky to do it, he will charge you around $40 bucks an hour and you just need to work out with him how many hours it is going to take him to do it, and then see if it fits your reno budget.
It sounds like by DIY you wont get the quality finish that you may need
I Zoe, I live in an area (corner block) that even though I would not classify as a rough area, I have a lot "traffic" from the local pub, my fence gets kicked, schooner glasses smashed on it, drunks crashing on it and the odd rock every now and then. When I bough it, it was an investment property that later on became my PPOR, we had to fence it and we had 37 linear meters (fencing lingo) to do. I got my “standard” 3 quotes and Colorbond came at $60- $65 per smq installed and all. Then I got 3 quotes for a wooden fence (lapped and capped) and was a cheaper option, at $45 per sqm. After two years, the wooden fence is holding well and looks great. In regards to the “urban painters” of this world, I got a huge one not too long ago. This is what I did: we had it covered by a dark wood finish, one of those that helps the wood, etc, etc. I sanded the graffiti area and proceeded to put some more of the finish. It did the trick. I am sure there are other options I hope this helps, Good luck
Hi Cata, nsw here, and thank you for your reply.
When I bought them my brother lent me some money for the deposit. I have already set up the structures , what I wanted was to put them in the trust anhd thern allocate units equivalent to what each of us put at purchase time.
What do you mean by a cheaper option?
Thanks once again mate
