Hee, hee!
Oh, this will be fun! Yes, we've never done this before - oh dear . But, you've got to start somewhere! This is my thread on our recent purchase - a 2-bed unit in Ormond, Melbourne that needs the works. Purchase price $235k. We know we can get the entire reno fully organised and completed for $30-35k without us lifting a finger or doing much at all besides signing checks (I'm sure in months time I will be begging for this!).
But what's the fun in that? So, our goal is to try to halve the costs and do what we can ourselves and organise what we can't (this will also be a challenge!).
And yes, my reno skills are pathetic to say the least. But, I have a lovely fiance, Geoff, who thinks he might be "handy". And I LOVE to find bargains, I can paint, and I'm a slight perfectionist. Plus I enjoy giving organising things and then running away for coffees when things aren't fun anymore (I find the people who are working don't actually mind this skill of mine )
We won't be selling when it's done. We have 3 goals, the 1st is to increase the value of the property by doubling what we put into the reno, the 2nd is to make it suitable to more "desireable" tenants (and hence increase rentals); the 3rd is that it will cheaper than if we would have just sat back and paid someone else to organise and do the whole thing without us!
In current condition, the property has a rental value of $210/wk.
First on the agenda, pictures: (This could be the start of many failures).....
The kitchen:
Oh, this will be fun! Yes, we've never done this before - oh dear . But, you've got to start somewhere! This is my thread on our recent purchase - a 2-bed unit in Ormond, Melbourne that needs the works. Purchase price $235k. We know we can get the entire reno fully organised and completed for $30-35k without us lifting a finger or doing much at all besides signing checks (I'm sure in months time I will be begging for this!).
But what's the fun in that? So, our goal is to try to halve the costs and do what we can ourselves and organise what we can't (this will also be a challenge!).
And yes, my reno skills are pathetic to say the least. But, I have a lovely fiance, Geoff, who thinks he might be "handy". And I LOVE to find bargains, I can paint, and I'm a slight perfectionist. Plus I enjoy giving organising things and then running away for coffees when things aren't fun anymore (I find the people who are working don't actually mind this skill of mine )
We won't be selling when it's done. We have 3 goals, the 1st is to increase the value of the property by doubling what we put into the reno, the 2nd is to make it suitable to more "desireable" tenants (and hence increase rentals); the 3rd is that it will cheaper than if we would have just sat back and paid someone else to organise and do the whole thing without us!
In current condition, the property has a rental value of $210/wk.
First on the agenda, pictures: (This could be the start of many failures).....
The kitchen: