Hi
My tenants gave me 2 weeks notice that they will be vacating on August 2nd.
I'm thinking of doing a bathroom reno. It is a good opportunity to do it now as I have money in the bank and I can afford to have it vacant for a little while whilst the work is done.
Its a 1 bed 41 sqm. Renting for $280 pw atm.
Also how much do you think it will cost? $2 K, $3 K. Would also include a new hot water system. The old one works fine but it looks quite old.
I also have no idea how to go about organising all of this lol. Its a good time to learn hey.
Would I need to refinance or just go and get a small investmentloan. I dont want to use any of my savings if I can help it. Although if I had to I could easily afford $3 K. I wouldn't want to spend any more than that of my own money.
How exciting!! My first project
ps whilst living at mum and dads I now have (after i get my tax return) around $30 K in savings. I'm doing well now. I dont know if you remember but 1 and a half years ago i was in a hole.
thanks for your help
My tenants gave me 2 weeks notice that they will be vacating on August 2nd.
I'm thinking of doing a bathroom reno. It is a good opportunity to do it now as I have money in the bank and I can afford to have it vacant for a little while whilst the work is done.
Its a 1 bed 41 sqm. Renting for $280 pw atm.
Also how much do you think it will cost? $2 K, $3 K. Would also include a new hot water system. The old one works fine but it looks quite old.
I also have no idea how to go about organising all of this lol. Its a good time to learn hey.
Would I need to refinance or just go and get a small investmentloan. I dont want to use any of my savings if I can help it. Although if I had to I could easily afford $3 K. I wouldn't want to spend any more than that of my own money.
How exciting!! My first project
ps whilst living at mum and dads I now have (after i get my tax return) around $30 K in savings. I'm doing well now. I dont know if you remember but 1 and a half years ago i was in a hole.
thanks for your help