A couple of questions: Any help is greatly appreciated.
We are about to start our first renovation on our first IP and just wondering if anyone can tell me if we would be better to tile or put floating floorboards down. They will be going in the dining, kitchen, hallway, laundry etc.
I feel like tiles would be more durable but are going to cost us more to do.
Also, we are tossing up whether to put in a new (cheapish) kitchen ($3000) or just paint the cupboard doors and put new handles on them, my concern with that is, I don't want the kitchen to stand out as the only thing not fully renovated.
We are trying to create equity as well as more rent.
The property is in a low-socio area in regional Vic.
Tiles every day of the week! If you have a leak you will be replacing the floating floor every time, costing you time and money. Not to mention scratches.
As for the kitchen, for $3000 you may as well do it. First thing people see is the kitchen and bathroom. Just don't go put marble or granite bench tops!
If you are renovating the whole place I'd go new kitchen.
We usually do new kitchens. Only one place we didn't. We did carpet and paint. The kitchen was OK so we painted the doors and replaced the handles then put vinyl floor planks. Came up well but we don't expect it to last 5 years. Then we'll replace it.
Whether you put in a new kitchen or reface the existing comes down to the current condition and layout of the existing one.
Is the carcass sturdy? If so, refacing can be a good option. Nice handles, a decent splashback, new sink and mixer tap can make a big difference without costing heaps.
I wouldn't worry too much about over capitalising. The fact that your asking these questions suggests that you're someone that's not about to spend too much on unnecessary IP renovations
we currently did minor reno to an ex housing commission house in a housing commission area, we plan to do more but due to advice from our accountant all work is done after tenants have begun leasing the house (other wise it isn't tax deductible)
to begin with we put tenants in on the 1st and arranged with them for a painter to enter the day after,
we also spoke with the evaluator and asked about flooring, the floor doesnt really change the value of the house dramatically you will basically get what you paid for back if your lucky, the best thing with flooring to do is choose a low maintenance floor like tiles they cost more but you never have to polish them and as someone above said if water leaks they wont swell and damage as easy.. plus they look nice if you ever want to sell, wooden and carpet floors can get stains and scratches all over them causing future buyers to shy away a bit
as for the kitchen, we got the painter to repaint all the doors and clean up the handles, we plan to replace the kitchen soon but just dont want to blow over budget..
to be honest we
painted the house,
repaired the fan in the bathroom (its lid kept falling off)
cleaned the carpets (suprising they were in good condition but stunk)
painted the kitchen face
and installed a solar hot water system which was the most costly (coming to around $4,300 after rebates)
placed about $50 of pretty flowers in the yard…
total cost was approx 6K but the real estate said if the work was done before we signed on tenants we could have asked for an extra 30 a week and would have got it (not that we care the rent is already positive return), and the evaluator has increased its valuation by 25K
we still plan on putting in a new kitchen and bathroom not for extra value but more for the ease of renting it out and maintaining the condition
I think we will tile. My husband is pretty handy with all this kind of stuff but tiling is one thing he has concerns about doing himself. I've had a look at how much it costs to get a tiler to do it but it is very expensive and the few I called arent available until NEXT YEAR!
Does anyone have any tips on how to lay tiles correctly – we've watched a couple of you tube videos and I think we can do it easy enough – its just getting it all straight.
James, the carcass is a bit worn and torn and would definitely stand out as old when you open the cupboard doors. I think for the cost of putting in a new bunnings (or similar) kitchen at about $3000 it might be worth it?
Kerryn, do you mind me asking what area your property was in?
Definitely tiles for durability. We've also put good quality vinyl in and that looks good and wears well. Check out the pics on the main photo on this site – whilst that floor looks like timber it's actually vinyl: http://turnersbeachapartments.yolasite.com/
If the kitchen is a bit scruffy I would definitely replace it as you want your property to attract the best tenants.
As mentioned by ScottnoMates I agree that it's also worth putting a new vanity in for the sake of a few hundred dollars if the old one is tired.
Just one thing about tiles and Vic – they are FREEZING! so in a living area, I would consider lino. You can get great lino now that looks like floorboards, sorry I have no idea how to get the picture in or I would put one of our rental up that we did, using the lino.
Bunnings is great for cheap vanities, and kitchens. You can cheap on stuff like tiles (white tiles are white tiles) for the bathrooms, mulch makes a front garden look sooo much better. Give the outside a pressure wash and it will start to look heaps better. Theres heaps of ways to keep it cheap!
Good luck, keep us posted on how this goes for you.
our rental is down the south coast of NSW, its a pain trying to find positive return rentals now as we seemed to have had a bit of a boom when i say boom i mean some of the housing commission areas have over doubled in price, as a local i know these prices are not worth it but it seems a lot of investors don't… or out of town first home buyers… (so much for Australians having financial difficulties) either way it has pushed our market way over…
anyway if i can work out how to put photos up ill put some before and after photos to show how little we did but how much it improved the house
as for self tiling from what I've seen and been told, don't attempt it if you have bad knees and back.. also remember to prep properly cause if you don't the tiles will probably fall off.
my partners uncle had a professional tiler (a mate of his) come in and tile for mates rates, in his kitchen got those nice clear glass ones along the wall… yeah, 3 weeks later *smash* about half of them fell off and cause it was off the books work the company didn't cover it through insurance so my uncle inlaw had to use his house insurance or fork out more money himself to repair it
some times its better off to pay that extra if you can afford it, and know the company who do the job will be at blame if something goes wrong than risk it yourself, though ive never self tiled so i cant say if this is good advice or not lol
We put vinyl planks throughout an IP. Used in all areas except bedrooms (carpet) and bathroom (tiles).
It is fantastic. I know it will not last as long as tiles, but the benefits are worth it IMO……..
Cheaper purchase price
Cheaper to install – was able to DIY
Quicker to install (time is money with an empty IP)
Greater depreciation benefit
Is water resistant, unlike floating timber floors. This was put to the test with a poorly installed dishwasher that pumped water throughout the kitchen the first time it was turned on. .
Looks fantastic.
I guess time will be the real test to see if I would do it again.
I've recently tiled the floors of my IP. (kitchen, hallway, bathroom and laundry). Stupid me purchased porcelain tiles which are bloody hard to lay and get all square. Everyone comments on a great job, however i wouldn't do it again. Sore back and knees for a week.
If you get the planning right it shouldn't be too hard.
For me i rather to install a tiles instead of other materials. Because you can easily swept the dust into the tiles. I have installed a granite also that is is very tough compare to other tiles. http://www.azteccontainer.com
Hahaha I did tiling at my ppor so I could get good at it for when I did my IPs. It was a learning experience alright now Im good at it and my ip have great tiling and there is one row of uneven tiles in my laundry that taunts me every time I see them. Point of post practice on someone else’s property if you cab