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    Reno questions from a 1st time investor

    Hi Bronwyn, Thank you for your input :) Since the original post I've spent quite a bit of time getting quotes, etc. and I now think that it may come to more like $17k, but I still think the improvements that I plan to make will be work it. Regarding the bathroom, I've had a chance to...
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    Reno questions from a 1st time investor

    Structural Engineer Hi All, I've been finalising my reno plans and chasing up quotes and prices. One question that keeps coming up is whether or not the kitchen wall that I want to knock down (see attachments above) is structural/load bearing. Being a top floor apartment, I can't imagine...
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    Reno questions from a 1st time investor

    Home design software On the topic of renovations, has anyone ever used one of the 3D home design packages that are out there? I've looked at a couple by Borderbund and Better Homes & Gardens. I spent a few hours the other night doing up a plan for my place in the BH&G package and it looks...
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    Reno questions from a 1st time investor

    Cheers Softmonkey! I'll have to head out to Bunnings and check those out.
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    Reno questions from a 1st time investor

    Hi Spiderman, Thanks for your reply. Regarding your first point about the cost/return, I had figured that borrowing an additional $15k (interest only) will cost ~$100 extra per month, while additional rent will add up to ~$215, making it a good deal. Is that sound logic? You make a...
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    Reno questions from a 1st time investor

    Thanks Wylie! I personally think the kitchen wall is the most important job. I'm with you in not knowing about the wall being supporting, but I've arranged access to the property in the morning to measure up and get some more photos, and I'll also be trying to get a better idea about the...
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    Reno questions from a 1st time investor

    Hi All, I'm a long time reader, but first time poster on the Somersoft forums, so please be gentle with me :) I have just purchased my 1st IP - A 1br unit in Hawthorn East. I settle mid-October. I am considering doing some renovations to the property, and would really appreciate any...
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