All Topics / Value Adding / a blog post about renovating before you sell
Hi everyone,
Thought you may find my recent blog post helpful if you are selling soon.
Here it is… "Renovating before you sell? Wondering how to get the biggest bang for your buck?"
Cheers, Jane
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Jane,
Nice blog – what's your thoughts on the re-use of existing materials (such as floorboards, internal doors, cabinets, etc) within the house instead of buying new or even buying second hand as opposed to buying new?
Regards
Shahin
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
I like to re-use as much as possible which means your renovation budget can go so much further. This is only appropirate for some properties though.
When advising my clients on how to renovate their properties for the biggest bang for their buck, I try to look at all elements within a room/house independently of each other.
For instance, if you have a kitchen that is looking a bit worse for wear, look at it elelment by element (doors, handles, bench-top, splash-back, flooring, walls, appliances, lighting etc… Sometimes by changing one or two of these things – such as just the – but leaving everything else as it is, you can make a huge difference to a space.
Here are a couple of photos of a client of mines' kitchen which he renovated for only $1607 (DIY)… http://www.hotspaceconsultants.com/sneak-peak/24-winthrop-street
This client re-used the existing vanity but changed the bench-top and sink/s, shower and floor tiles (and mirror). But just to not have to remove the vanity was such a time and money saver… http://www.hotspaceconsultants.com/sneak-peak/35-robyns-lane
It always depends on the property, the location, pre-reno value, post reno value, reno budget and whether you are selling holding etc as to what you should do to your property.
I'm not a fan of buying second hand as it always seems to involve so much time and running around.
Hope that's useful info.
Jane
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Hi Jane,
Re the Kitchen for $1,607 – does that include the benchtop? Also where did you get a kitchen of that size for $1607?
Regards
Shahin
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
Shanin – looks like existing kitchen with the cupboard doors spruced up by being resprayed. The house looks so much lighter and brighter
Yes that's right, the doors were sprayed and the bench-top was replaced with an end of line laminate bought from a local wholesaler. New appliances were also end of line.
My client was an avid DIYer so the only labour costs were plumbing and electrical.
Paying someone else to do similar work would cost an additional $1500 – $2000 I'd say, so still not an expensive way to reno.
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Wow – I genuinely thought they were new cupboards. Nice work.
TheFinanceShop | Elite Property Finance
http://www.elitepropertyfinance.com
Email Me | Phone MeResidential and Commercial Brokerage
This is a very helpful blog. Renovating the house in practical perspective. I like the idea of having the list of the – must haves – nice to have – no need to have. I guess it’s just a matter of setting priorities in where to spend your money and determining your target market.
http://ezinearticles.com/?Practical-Tips-When-Renovating-Your-Home&id=3867586
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