Hello
After 8 months my renovation is complete, the tenants move in on Monday.
I am now getting $450 per week, as apposed to $375 before the renovation. This is on a property I paid 260K for about 3 years ago (just before prices ramped up). The bank valuer indicated it would be worth 360-380K once the renovation was complete.
The total cost of the renovation was around 20K excluding lost rent (12K).
I will post before and after pictures soon.
Adam
After 8 months my renovation is complete, the tenants move in on Monday.
I am now getting $450 per week, as apposed to $375 before the renovation. This is on a property I paid 260K for about 3 years ago (just before prices ramped up). The bank valuer indicated it would be worth 360-380K once the renovation was complete.
The total cost of the renovation was around 20K excluding lost rent (12K).
I will post before and after pictures soon.
Adam