From: Always Learning
Dear Forum.
<p>
One of my IP's in the inner west of Melbourne has become vacant, I would like to boost the rental return via a quick fix to the following items, can anyone recommend any good companies, tradespeople etc to do any/all of the following.
<ol>
<li> I would like to quickly improve the kitchen via new cupboards, bench tops, sink, tap wear and maybe dishwasher and stove. Any ball park figures for this (yes its a how long is a piece of string question).
<li> I would also like to install/build a carport, in keeping with a californian bungalow. Any ideas about what the minimum I should pay for this?
<li> I think to build-in, large wall to ceiling robes, in 2 of the bedrooms.
</ol>
I think that with the above 3 things I could boost rentals by $20~30 pw ($1100~$1650 per year). If I want a 12% return on invested funds ( I pay 6%), then I calculate that would mean I should pay no more than $9000 ~ $13,000 for the above. Does this make sense?
<p>
Does anyone else have any good ideas to help boast rental returns?
<p>
Any help, tips pointers to companies or tradespeople who can do any of the above would be greatly appreciated.
<p>
<hr width="50%" color="pink">
<ul>
<li> Unless you change how you are, you'll always have what you've got.
<li> To have more than you've got, become more than you are.
</ul>
Dear Forum.
<p>
One of my IP's in the inner west of Melbourne has become vacant, I would like to boost the rental return via a quick fix to the following items, can anyone recommend any good companies, tradespeople etc to do any/all of the following.
<ol>
<li> I would like to quickly improve the kitchen via new cupboards, bench tops, sink, tap wear and maybe dishwasher and stove. Any ball park figures for this (yes its a how long is a piece of string question).
<li> I would also like to install/build a carport, in keeping with a californian bungalow. Any ideas about what the minimum I should pay for this?
<li> I think to build-in, large wall to ceiling robes, in 2 of the bedrooms.
</ol>
I think that with the above 3 things I could boost rentals by $20~30 pw ($1100~$1650 per year). If I want a 12% return on invested funds ( I pay 6%), then I calculate that would mean I should pay no more than $9000 ~ $13,000 for the above. Does this make sense?
<p>
Does anyone else have any good ideas to help boast rental returns?
<p>
Any help, tips pointers to companies or tradespeople who can do any of the above would be greatly appreciated.
<p>
<hr width="50%" color="pink">
<ul>
<li> Unless you change how you are, you'll always have what you've got.
<li> To have more than you've got, become more than you are.
</ul>
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