Here’s a sneak peak of our latest 5 day renovation on the Sunshine Coast.
Purchase price: $370,000
Renovation: Under $5,000 (full intinery of costs to come)
Rent:$420 p/w
After Reno valuation: TBA (current estimates $390-400,000)
https://www.dropbox.com/s/lfn6hvcljuhs0ml/IMG_0749%202.JPG
https://www.dropbox.com/s/o9bu4hdnvgu8edi/IMG_0745%20copy.jpeg
For the full summary of the BEFORE and AFTER photos, videos, renovation processes, tips etc click the following link:
http://sciencesurf.wordpress.com
Click FOLLOW for more information to come!
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This topic was modified 10 years, 5 months ago by
sciencesurf.
sciencesurf
http://sciencesurf.wordpress.com/
Email Me | Phone MeClick my website for the Sunshine Coast Property Blog
Nice work, looks good.
Kinnon Bell | Kinetic Funding
http://www.kineticfunding.com.au
Email Me | Phone MeMortgage & Personal Loan Broker based in Cairns and Melbourne but servicing clients Australia wide.
Cheers Kinetic :) now to get it leased!
sciencesurf
http://sciencesurf.wordpress.com/
Email Me | Phone MeClick my website for the Sunshine Coast Property Blog
Nice, neat and presentable cheap reno. Good work, always best to provide a clean product, as you’ll attract the more desirable tenants too. :)
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Makes me feel sick about the $20k+ I’ve just spent on a PPOR bathroom Reno.
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]
Makes me feel sick about the $20k+ I’ve just spent on a PPOR bathroom Reno.
Cheers
Jamie
But you’re happy with the result no doubt? ;)
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Hi guys,
A late reply – property can’t occupy our every thoughts now can it? ;)
@jamie-m I’ve seen you mention the $20k reno a few times. That must have really stung. Obviously your business in doing great guns and you have yourself a bloody nice place to shower, s..t and shave every morning!
@cjaysa Thanks for your comments. Spot on. Cheap, presentable and clean. Our aim is to attract better tenants and effectively lower the LVR by increasing the capital on the property. Lower your risk and sleep easy.
Unfortunately marketing on the property could not begin until settlement. The old Chinese owner felt this was pushing boundaries even though he was happy for us to complete a garden clean-up, quoting for trades while he was in the property etc. Go figure..
The property is rented but @ $400 p/w on a 6 month lease. We have noticed a winter slowdown in the rental market and we adjusted accordingly to ensure a quick take-up. Renewing the lease over the January period will provide an opportunity for increase. Things are set to be extremely busy this summer.
Anyone interested in the process, check the website, or flick me an email. I’m happy to provides details at no cost.
Cheers
sciencesurf
http://sciencesurf.wordpress.com/
Email Me | Phone MeClick my website for the Sunshine Coast Property Blog
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