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We are raising and building in under our house. Then renting out 4 rooms downstairs at $160 per room. So extra income = extra borrowing capacity. The work we are doing on the house is going to be done by mostly me. The house should be worth about $850 000 when I'm done. I'll sink about $200 000...

So the valuation just came back in. We purchased the property for $370 000 in 2012, including stamp duty and improvements/renos we spent $30 000. Total $400 000 cost. It just got valued at $540 000!!! I really didn't expect that. Our previous loan was based on an 80% lend with a value...

I pressure washed the driveway as per the suggestions. I also painted all the green bits. I did lots of other work touching things up as well around the house. Hopefully it all helps with the final value that I get on wednesday. I also just got the new council valuation for the land which is...

It's all done on the one tenancy agreement so no grief... yet :P

Ok will do thanks

I was thinking about painting the driveway or do you think it just needs a clean? My brother has an industrial strength geni that would clean it quick. And the backyard goes another 800m2 behind that drive way in the picture. It's got lots of grass and fruit trees etc...

Now it's kind of like a little flat. Still a bedroom in the house, but fully self contained. I rent the house out as share accommodation so get a premium for rooms with their own bath and kitchen. Thanks for the other comments. I'm hoping to get a value of $500 000 as prices have increased...

According to a bank valuer for refinance do you think I've added any value? The first two pictures have all 3 stages of reno, from when we purchased it, then until 2 days ago, and then today. I thought I would give it a quick 2 day makeover before bringing the valuer in next week. I did a few...