renovation

Hi guys I have recently purchased my first IP which has had a previous extension. My understanding is that as the extension is less than 40 years old I can depreciate the cost of the extension? My question is: Do I need to find out the details of this extension in order for a quantity...

Hi all, Seeking advice from builders/architects/gun renovators out there. Looking at this property layout, would it be possible to add an ensuite between northern property boundary and 4.2x3.4m bedroom. As the property stands, there is 900mm width between the northern wall of the bedroom and...

Hello Everyone I'm new to this forum. I've been investing for around 4 years. I wanted to know your personal opinion on this. We own a 2 story-semi on a nice location. Near the beach and amenities in Sydney. Property is rented. Rental return is around 4.5%. Its 100% investment. Semi...

Hi Guys, Uncle Knackers here. First of all thanks to all of you that watched my introductory video for my Owner Builder Series. In case you missed it, here's the link to my YouTube Video. https://www.youtube.com/watch?v=37Ayp8qy844. Secondly, here's the Official link to Episode 1 of...

G'day Guys. Uncle Knackers here from DIY For Knuckleheads here. Just a quick message to let you all know that l'm doing an Owner Builder Video Series that you might like to check out. I plan to film my Beach Shack Renovation from the planning phase, right through to completion and l hope you...

Who of you has had success in renovating properties to produce deposits to do more? Ideally: Buy at 80% LVR Renovate Val shop Refinance with new lender at 88% (taking out more than your deposit/purchase and reno costs combined) Renovated property = cashflow neutral or positive...

Bought a Frankston (VIC) IP few years ago, 3Br old weather-board house on a concrete slab. House is very basic but in average living condition, currently rented out. The house is in a good pocket close to Frankston/FrankstonSouth boundary, few hundred metres from Frankton high school. The plan...

Hi, I have a LoC that I intend to draw on for a deposit on an investment property. However, I also need funds to undertake a renovation to the IP. I intend to claim the interest on the LoC in my tax return as the purpose is investing. If I were to use the LoC for the reno as well, can I...

Welcome to the second meeting of the year, last month we had a great turn-out with nearly 40 people learning some great things and having plenty of opportunity to network. Why not come along this month, we have another two great speakers. This month: Back to basics. Renovations Part 2! Last...

Firstly a happy new year to everyone! We hope this year is a spectacular year for you and your families. Over the Christmas break PropertyMeeting has been working hard to come up with a calendar of events that is sure to stretch the investing muscle of our group members and push them to be much...

Hi SS, I'm looking for the 2nd IP around the area - some of them needing proper lift up with (old kitchen, remove carpet and polish floorboard, new bathroom, etc). Before I start considering IP that need works, I want to get a general idea how much it will cost (and the quality expected)...

Hi everyone, I'm hoping someone could please offer some insights into the renovation process as we are totally 'green' in this area. We have recently acquired a home that needs some work to get it up to todays standards. We have renovated small scale before, not to this level and as this...

Happy Friday everyone! Could anyone recommend a good builder in the Newcastle area? I've just bought my very first investment property and need to build a new internal wall, lay a driveway and build a deck. Thanks in advance. Neil

What do you think of something like this? A unit in Windsor would be an affordable entry point to buy into an inner city suburb. These units I think would have good CG and becuase the cost price is lower the yield would be a bit higher than if I bought for over $400 K too. Group of 6 - a 2 x...

Hi Team, Looking for some guidance here! Long term listener... We have a 1880's Victorian Double Fronted Weatherboard in Hawthorn East, Vic that is our PPOR. It is in liveble but very outdated condition. We bought this place last year and it is likely to be a long term family home...

Colleagues, Does anyone know (good quality)+(reasonable price) places in Perth to source kitchen cabinets and various wardrobes? Basically everything wooden to install into the house to hide stuff in. I feel like Builders are crazy on these things and willing to get hefty margins or...

After gaining a lot of assistance from the knowledge and recommendations from Somersoft members - both from the threads and directly we thought we would share our journey of purchasing and renovating interstate. It seems there are a lot of members looking at Brisbane from elsewhere so...

Hi I am looking for options to install a new kitchen in an IP (1x1 in old 1960 building). I was looking at Bunnings at below $1k for a linear 2.5m, but it does not give a lot of room/appeal. Was more on a L shape 2.5m X 2m or a complete U shape. Do you think I can find those for below $3k...

I have seen this small but light filled 1br apartment and am considering securing it for my PPOR. I plan to live in it as long as it suits my single lifestyle (single city dweller), and hence plan to renovate this for myself, with the idea that into the future I could let it out when needed...

I think this is the best place for the post. I just wanted to let you know that after 9 months of filming hundreds of hours of renovation and property investing footage and having completed full 2 renovations for case studies going through a structural flip and a cosmetic reno my Online course...