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  1. Perp

    Cosmetic renovation for quick profit, is it possible?

    There has to be one party at the "apex" of a building job, who's organising and coordinating it all, and that person is responsible for OH&S on the site, obtaining and complying with building permits, obtaining building insurance for the job, warranting the overall job, etc. Individual tradies...
  2. Perp

    Cosmetic renovation for quick profit, is it possible?

    It is a regulatory requirement in most states (I think, from memory, WA is an exception) that all people performing building work are licenced. This is to ensure they have adequate capital, fulfil warranty obligations, know and comply with OH&S and other regulations, and know how to manage...
  3. Perp

    Cosmetic renovation for quick profit, is it possible?

    Are you a licensed builder? If not, do you renovate illegally, or are you finding deals with enough profit in them to include the additional costs associated with having a builder involved? (As Nathan does.)
  4. Perp

    Cosmetic renovation for quick profit, is it possible?

    Then I misunderstood; I thought we had been talking about whether buillders' licences were required by owners of property, and I thought you were talking about whether a building contract was required, which are two separate issues. But OK. :) Oh, OK. I knew that and I didn't see anybody say...
  5. Perp

    Cosmetic renovation for quick profit, is it possible?

    In Queensland, yes. In Queensland, any work for which there's a QBSA licence class - so painting, plastering, tiling, electrical, plumbing, etc - forms part of "building works". In Queensland, yes. It comes down to how one defines a "project", and there is definitely ambiguity. If you strip...
  6. Perp

    Cosmetic renovation for quick profit, is it possible?

    I agree that Nathan seeks (and finds) both - bless him! ;) And that's awesome, nothing wrong with having both! I was simply making the point that if you spend $20K on a renovation to get $20K more, then you shouldn't bother renovating. If it adds substantially more than $20K, then do it. And...
  7. Perp

    Cosmetic renovation for quick profit, is it possible?

    I agree. And if it's a rising market, why bother doing the reno at all; why not just ride the market and save yourself the effort of renovating? It seems that the primary purpose of the renovation is to fill up the time needed for the market to move. In which case your profit is not from...
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