All Topics / Value Adding / I have IP in canberra but live overseas – need help with renovations

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  • Profile photo of ers_6ers_6
    Member
    @ers_6
    Join Date: 2004
    Post Count: 5

    Hi everyone, I havent contributed much to these forums but check in regularly and enjoy reading posts…

    I need some help.

    I have a 2 bed duplex in canberra that Ive had for 4 years and done well out of. The only thing is I have spent minimal $$ on maintaining it and its time for some tidy up work. ie new carpet, upgrade kitchen and bathroom. Its a 1970's home which is in ok condition but starting to wear. 

    The only thing is I live overseas – does anyone have an experience they can share with me renovating a property from a long way away?
    I have a good estate agent – should i do everything through him? How do I control it? Will he ask for a fee?
    Are there companies that specialise in this sort of thing that I can hand the reins to?

    Any advice/opinions would be appreciated.

    thanks.

    Profile photo of ducksterduckster
    Participant
    @duckster
    Join Date: 2004
    Post Count: 1,674
    Profile photo of businessglobalbusinessglobal
    Participant
    @businessglobal
    Join Date: 2005
    Post Count: 118

    If you have a good property manager – ask them for quotes on the work, they can also check it for you and normally have a good pool of suppliers- yes normally they charge a fee per hour or add 10- 15% on top of the invoices.
    I do a lot of reno project management work and normally I charge anywhere from $65- 120 per hour + travel to arrange everything, quotes, schedule of works, and also check my sites and take pics of works performed, but I mainly work in Brisbane, Gold Coast, but there must be building inspectors/ project managers down Canberra that can arrange quotes, schedules of works and send you a report/ pics, and check all works before bills are paid.

    Hope this helps a little
    Also good to set a budget and be realistic with your budget and also make 15 % plus allowance for possible price/ job cost blow outs.

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