ok....
bought two title duplex back in mid 09. 410K in total.... 205K each title in Townsville
Current rent each title was $150 a week at settlement....
Took possession as PPOR on the first title..... started a slow reno which still to this day I have a few thing to complete, just little things that bug me like a few touch up jobs.... spent approx $13,000 on this reno......
Included :
New Kitchen
New Tiles
New bathroom
New laundry
New carpet
New paint job.... first ever paint job... i tell ya what you learn a lot from it...
Air Cons
etc.....
getting $270 p/w which includes a fridge and washing machine.... up from $150 p/w
2nd title settled 4 months after the first.
I jumped the rent from $150 to $180 then to $200....
In Nov 10 the tenant had health issues and moved to a old persons home, so there I was back to the reno cloths
Used mainly same tradies, and cut a few that ripped me off on the first, still did a lot of the work myself, like gutting the place, painting ( this time with a lot better luck lol ) plus got some mates to help out with is also a bonus....
This time I think I have it down to a tee for colour and having the right tradies on hand....
New rent of $280 up for $200 p/w so cant complain about that.....
Still spent approx 13-14,000 on the reno, have to sit down and work out it all....
but I am happy that it has came to an end....
I didn't plan on it taking so long on the 2nd unit, but most of my work was over the xmas period which didn't help plus I got called off of leave to help with the floods down in Rockhampton for just over a week in the middle of my reno, that put at least 2 weeks on my completion time....
Only thing left to do is the front fence and a maybe later down the track paint the outside etc....
bought two title duplex back in mid 09. 410K in total.... 205K each title in Townsville
Current rent each title was $150 a week at settlement....
Took possession as PPOR on the first title..... started a slow reno which still to this day I have a few thing to complete, just little things that bug me like a few touch up jobs.... spent approx $13,000 on this reno......
Included :
New Kitchen
New Tiles
New bathroom
New laundry
New carpet
New paint job.... first ever paint job... i tell ya what you learn a lot from it...
Air Cons
etc.....
getting $270 p/w which includes a fridge and washing machine.... up from $150 p/w
2nd title settled 4 months after the first.
I jumped the rent from $150 to $180 then to $200....
In Nov 10 the tenant had health issues and moved to a old persons home, so there I was back to the reno cloths
Used mainly same tradies, and cut a few that ripped me off on the first, still did a lot of the work myself, like gutting the place, painting ( this time with a lot better luck lol ) plus got some mates to help out with is also a bonus....
This time I think I have it down to a tee for colour and having the right tradies on hand....
New rent of $280 up for $200 p/w so cant complain about that.....
Still spent approx 13-14,000 on the reno, have to sit down and work out it all....
but I am happy that it has came to an end....
I didn't plan on it taking so long on the 2nd unit, but most of my work was over the xmas period which didn't help plus I got called off of leave to help with the floods down in Rockhampton for just over a week in the middle of my reno, that put at least 2 weeks on my completion time....
Only thing left to do is the front fence and a maybe later down the track paint the outside etc....