Posts Tagged ‘renovation’

THE ART OF HOUSE FLIPPING

Who hasn’t sat back and watched ‘The Block’ or ‘House Rules’ and thought renovating a house looks easy enough? The popularity of these reality TV shows has turned renovating into a business beast of its own. It has become way more than a simple hobby or side hustle these days, but it’s one thing to renovate and another making a profit from it. One of the fastest growing trends is House Flipping. For those who know little about this term, house flipping is when a real estate investor buys a house and then sells them for a profit. In order for a house to be considered a flip, it must be bought with the intention of quickly reselling. The time between the purchase and the sale often ranges from a… Read More »

AN INVESTORS GUIDE TO RENOVATING THEIR RENTAL PROPERTY

The longer you hold an investment property for the more likely you will at some stage need to undertake some renovations and major repairs. Properties eventually just get tired and run down no matter how well tenants look after them. Floors get damaged, kitchens and bathrooms get dated, gardens die off and fences rot. If your property is in another state or country liaising with your management company to undertake the renovations on your behalf can take a lot of the stress and hassle out of it for you. In fact, a good agency will bring any renovations required to your attention and offer to project manage on your behalf for a small extra fee. Every time a property becomes vacant is a good time to assess what work is… Read More »

RENOVATION TIPS AND TRICKS

It is officially Block season, and if you are a fellow Blockhead like everyone else in our office you are probably itching to start your own reno. If you are thinking about giving your property a makeover, or a home renovation has been on the cards for a while, here are a few things you will want to know before you dust off the tools and start demolition. WHERE TO START 1.    Designing and Planning: Keep it simple and try to set your budget from the beginning. Also, try to be firm and final with your decisions within this planning phase. If you decide on these things early, you can avoid unexpected costs that may arise. 2.    DIY or Hire The Pros: Discuss whether you are going to do the majority of… Read More »