$165k increase in value in 3 months!!!

[mattyg_10]

I know people here love seeing before and afters on renos...this is one we did six months ago and forgot to add it here.

I will get some details of expenses to share as well...

enjoy!

http://www.youtube.com/watch?v=sLdhA4PR9Cg

 

[BV]

Nice work
Did it take 3 months to complete the reno?
Have you sold or are you going to?
cheers

 

[mattyg_10]

The expenses were as follows...

$23,810 total for inside both units.

- Kitchen $4,650 ea.
- Bathroom $3,100 ea.
- Floor $ $3,000

$17,165 for external.

- Carport $3,673
- Render /Paint $8,500
- Fence $2,390

$11,459 in Extra costs.

- Strata tile fees $4,874
- Purchase costs $2,917

Grand Total $52,435.44

We did have one on the market straight away after 2 months for $349k. Wasn't a good time and a little over priced. Have them rented for $330/week. Plan is to still sell them both, probably later this year.

So any recommendations for a excellent agent down the goldie would help us.

 

[rexilla99]

Nice job, good to see the before and after pics.

 

[BuildingBlocks]

Good job especially on the front yard.

 

[Chippo]

G'Day Mattyg 10,

Thats an awesome profit mate well done!

 

[Perp]

Great work!

 

[craigb]

awsome , seeing those late nights put to the test, you have done well and if you could hold , that would be better to be able to go onto the next couple, abd be retired in five years, it gets easier and cheaper the more you do.

 

[INVSTOR]

Nice work!!

 

[Melbournian]

good stuff !

 

[whitegoodman]

looks nice... where are you getting the 165k increase in value if you havent sold them?

 

[Melbournian]

that's true a property is only worth as much as a buyer is willing to pay.

 

[mattyg_10]

who said i had to sell them to get a value?
the banks are lending the money, and they say they are worth that much.

I cant really argue with them, so long as they keep giving out the dosh.

 

[RenoTeam]

Brilliant work Congrats Are you working on anything at the moment? Would love to chat with you

 

[Ocean Architect]

well done good to see!