Renovating Units: Thoughts from experienced unit renovators

The best units are ones that don’t present well internally – but don’t cost a lot to fix.

The very first IP we bought was an old run-down unit where the tenant had fled the place – leaving it in really bad condition.

It was a huge deterrent to any potential buyers – and the owner was so disgruntled he couldn’t be bothered fixing/cleaning it up before selling. He just wanted to get rid of it ASAP.

All it took was a bit of cleaning, painting and some repairs and value was instantly added :-)

The external look of the complex will play a part – some blocks look more inviting than others. The condition of the external parts will also give some insight into how the strata operate.

Cheers

Jamie

I agree with Jamie!

It can be easy to underestimate the value of a quick cosmetic job, but the most useful advise I can give is stick to neutral tones.
As pretty as an orange feature wall might be and suit your furniture, bespoke styles are so hard to sell.

I am an agent who has a few units aimed at investors and seriously appreciate a space thats depersonalised and universally changeable.

I renovated a home in Alderley when I was young, and we found a lot of super useful stuff from a demolition place in Brendale. We found a brand new vanity unit and bought it for $80. It needed a good scrub, but came up beautifully. There was also sinks, doors, windows etc all cheap!

A new lick of paint is always a good start, but also look at changing the door knobs, kitchen and bathroom handles and the light fixtures. Its the small things that can make the biggest difference. :) We have made these changes to our house now as well as adding some LED lights under the breakfast bar and behind the TV, changing the blinds ( $50 from Kmart and self installed) and updating the carpets.