Hello
I have been renovating a house full time since august last year.
I purchased this place for 260k in 1999.
I had it rented out before the renovation at 475per week. After having problems with the tenants, and after they moved out I decided to continue renovating the house. I have completed the following:
Replaced all 70s hollow doors (rotten and lifting laminate), with new modern hollow doors, complete with architectal door levers through-out.
all non private doorways had bevelled french glass doors installed 10 in total, all painted high gloss white with architectual door levers.
painted the entire house nuetral colours instead of mission brown.
replaced the funky 70s lighting with modern lighting through-out the house.
Installed 5 outside light zones that are motion activated, uplights, downlights, up-down lights, mushroom, spotlights all halogen.
put 50 sq metres of solid tassie oak flooring in the games room, in place of the rotten red carpet that had a smelly yeast odour to it as well as a large rats nest underneath it.
replaced the ugly looking carpet with floating floors.
replaced the ugly tapware with modern gold . chrome variaty
covered the brown bare brick in the entry with gyprock.
replaced 3 large decks and the associated railing.
painted the entire exterior of the house, and replaced all guttering with colorbond.
about 500 other major jobs
I used 300 litres of paint in the renovation total.
I replaced all rotten timber, I preserved the rest and put flashing on any exposed timber.
I renovated 3 bathrooms so that they all look modern.
I renovated the kitchen and laundry.
Basically not one part of the house remained untouched.
The bank valuation before the exterior renovation was 440k.
I then got talked into this set sale thing to sell the house, and was shown all these pretty graphs that seemed to make sense to me.
A valuation was carried out by the real estate agents valuer which came in at 420K, I was concerned because this is far below the banks valuation.
To cut a long story short no offers were put in during the set sale process.
I then find out the agents dropped the pricing of the house without telling me advertising in the range of 350 to 430k.
I explained to the agent I was not very happy he dropped the price without telling me, and advised him it makes me look desperate to sell, and that if I was I buyer I would put an offer of 350k.
He said that it does not work like that, and that it was to draw in more buyers, I said that seeing as he is the proffessional I would take his advise, however if I get several offers at 350k then I would not be happy.
Well thats exactly what happened, I told him to withdraw the property from sale, it has left a sour taste in my mouth. I now owe the man 8000 dollars mainly for advertising etc with no result.
I feel that he contradicted himself when the house did not sell, and what he said makes me think that he new this set sale system was not appropriate for the type of house I was selling (unique).
The house is on 2 (mainly vertical) acres 15 mins from the city (Adelaide) its about 280 square metres of house with heated inground pool, sauna, Gazeebo, spa, 5 decks, a massive games room with full size billiard table included. Its got 2 water falls, a fountain, 2 fish ponds, electronic water system etc.
And to be told its only worth 100k more than I bought it for 4 years ago, its a real shock.
All the real estate agent wanted to do is keep dropping the price, I could hire a dumb monkey to do that and I would save a fortune in commision.
I have been renovating a house full time since august last year.
I purchased this place for 260k in 1999.
I had it rented out before the renovation at 475per week. After having problems with the tenants, and after they moved out I decided to continue renovating the house. I have completed the following:
Replaced all 70s hollow doors (rotten and lifting laminate), with new modern hollow doors, complete with architectal door levers through-out.
all non private doorways had bevelled french glass doors installed 10 in total, all painted high gloss white with architectual door levers.
painted the entire house nuetral colours instead of mission brown.
replaced the funky 70s lighting with modern lighting through-out the house.
Installed 5 outside light zones that are motion activated, uplights, downlights, up-down lights, mushroom, spotlights all halogen.
put 50 sq metres of solid tassie oak flooring in the games room, in place of the rotten red carpet that had a smelly yeast odour to it as well as a large rats nest underneath it.
replaced the ugly looking carpet with floating floors.
replaced the ugly tapware with modern gold . chrome variaty
covered the brown bare brick in the entry with gyprock.
replaced 3 large decks and the associated railing.
painted the entire exterior of the house, and replaced all guttering with colorbond.
about 500 other major jobs
I used 300 litres of paint in the renovation total.
I replaced all rotten timber, I preserved the rest and put flashing on any exposed timber.
I renovated 3 bathrooms so that they all look modern.
I renovated the kitchen and laundry.
Basically not one part of the house remained untouched.
The bank valuation before the exterior renovation was 440k.
I then got talked into this set sale thing to sell the house, and was shown all these pretty graphs that seemed to make sense to me.
A valuation was carried out by the real estate agents valuer which came in at 420K, I was concerned because this is far below the banks valuation.
To cut a long story short no offers were put in during the set sale process.
I then find out the agents dropped the pricing of the house without telling me advertising in the range of 350 to 430k.
I explained to the agent I was not very happy he dropped the price without telling me, and advised him it makes me look desperate to sell, and that if I was I buyer I would put an offer of 350k.
He said that it does not work like that, and that it was to draw in more buyers, I said that seeing as he is the proffessional I would take his advise, however if I get several offers at 350k then I would not be happy.
Well thats exactly what happened, I told him to withdraw the property from sale, it has left a sour taste in my mouth. I now owe the man 8000 dollars mainly for advertising etc with no result.
I feel that he contradicted himself when the house did not sell, and what he said makes me think that he new this set sale system was not appropriate for the type of house I was selling (unique).
The house is on 2 (mainly vertical) acres 15 mins from the city (Adelaide) its about 280 square metres of house with heated inground pool, sauna, Gazeebo, spa, 5 decks, a massive games room with full size billiard table included. Its got 2 water falls, a fountain, 2 fish ponds, electronic water system etc.
And to be told its only worth 100k more than I bought it for 4 years ago, its a real shock.
All the real estate agent wanted to do is keep dropping the price, I could hire a dumb monkey to do that and I would save a fortune in commision.
