Hi guys,
I'm nearing the end of my renovation I'm doing for my first IP. My house as I bought it is a light blue colour made of bricks and weatherboard. Some weatherboards are painted, some are not (I'd say 15% isn't painted) and some have paint starting to peel. I've got a quote for $8500 to repaint the whole double storey home, its balcony and gutters.
My question is, in this current rising market, how much valuation would I expect from painting the external of my house and would it be worth it? Or would I be best to just leave it as is?
Abit about the house, it is in Coopers Plains, QLD, double storey, 6 bedrooms, 2 baths, 600m2 block.
Thanks,
Dao
Can you colour match the existing painted wheatherboard surface and use that paint to cover the remaining 15% that isn't painted? It won't look as good as a whole new paint job but it should do the trick – and save you heaps.
If it were me – I'd just touch it up in the most cost effective way possible. Different story if it were a PPOR – but for an IP, I wouldn't bother running out to spend $8.5k on an external paint job. That money could be used better elsewhere IMO.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
well I would firstly Pay $300-500 to speak to a colour consultant so that they can pick the colors out. You would want to paint the most updated colour schemes that are out there. I've found that weatherboard houses can look especially striking with a darker colour palette. But for a 6 bed home double storey that sounds a OK price. Its not super cheap either though. but its ok. I think you could at least add that price in value to the home.
Try get some cheaper quotes. Play each trade off each other. "If you can do it less then 7500 its yours etc"
wilko1 wrote:well I would firstly Pay $300-500 to speak to a colour consultant so that they can pick the colors out.I should have done that. I didn't even realise the service existed.
I've spent over $100 on sample pots in the last week and also spent a fair bit on a 15 liter tub of china white only to decide that I no longer liked it. I have patches of paint all through the PPOR resembling little pacman characters. Who would have thought there were dozens of different whites!
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Jamie M wrote:I've spent over $100 on sample pots in the last weekI got a whole box of those in the shed that the missus bought. More than $100 wroth though. Makes me blow a little bit of steam every time I come across them
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
Those sample pots are better then painting the entire front of a house in overcast conditions before the sun came out and you reliesed you just painted the entire front of the house in bright gay purple. And you stand there going that is not what it looked like the shop lol
Personally I’d paint it
- better rental value
- better market value (equity?)
- better class of tenant
- tenant more likely to take care of the property
- you have to keep the maintenance up anyway
wilko1 wrote:Those sample pots are better then painting the entire front of a house in overcast conditions before the sun came out and you reliesed you just painted the entire front of the house in bright gay purple. And you stand there going that is not what it looked like the shop lollol – you win Wilko!
I went crazy and settled with Whisper White…..I'm really living on the edge.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Soooo I've just spent the last 12 hours painting……and I'm going to be sore tomorrow
Give me a desk job any day of the week.On the plus side – you'll be happy to know Wilko that the sun was out and the colour looks pretty good
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Always good when you get the colour right Jamie . Reminds me that I have all the downpipes and facades to paint on my. PPOR. Perhaps if I leave it long enough the old paint will peel itself off so I don't have to strip it. Here's hoping
wilko1 wrote:Always good when you get the colour right Jamie . Reminds me that I have all the downpipes and facades to paint on my. PPOR. Perhaps if I leave it long enough the old paint will peel itself off so I don't have to strip it. Here's hopingOr maybe if you are lucky, your paintwork will get vandalized by some troubled youth. You would then have to get it fixed on insurance! You can only hope!
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Hi Dao,
It does depend on the property. I'm an interior/exterior designer and sometimes I find that a tweak here and there can make a huge difference to the overall appearance without having to go all-out on a reno. There are loads of examples on my website if you wanted to have a look…http://hotspaceconsultants.com/portfolio.html
It might be that you just need to paint a bit and adjust some of the landscaping or other features on or surrounding the house.
Jane – Hotspace | Hotspace Consultants
http://hotspaceconsultants.com/home
Email Me | Phone MeRenovating for Profit specialist
Give me a desk job any day of the week.
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