About 2 months ago I put out an SOS to somersoft readers. I needed someone to do a small makeover/reno to my single fronted 110 year old Victorian House in the Inner North (6km) from Melbourne CBD.
We bought this renovators delight 7 years ago and without so much as a lick of paint we put tennants in immediately. It has been a good house and we have seen rents rise from 230 bucks (7 Years ago) to 380 bucks just 6 weeks ago.
But alas, tennants vacated and on final inspection it was abvious work needed to be done. The carpets smelt of cat and dog pee, the walls were cracking and many things were falling apart. I felt guilty accepting any money from anyone game enough to live there!
Anyway - i sent out the SOS and enter somersoft poster 'chasethesun'.
I had been impressed by the picks of her recent renovation and asked her if she would be prepared to manage the makeover. She agreed...
The results are amazing
The facts
- Pre Reno rent: 380 PW
- 6 week makeover reno
- Cost 14k including management fees.
- Post reno - house listed for 490 PW....(approx 20 percent higher)
Nothing structural but 'chasethesun' managed the process, found great deals on benchtops, lighting, paint, floor sanders etc etc, did some work herself, added the female touch and imo the results both consmetically and financially are amazing...
The female touch is super important. No point doing a reno yourself if you dont understand the market. In the inner city market many of the buyers are young (sub 40) woman.
I am also trying to convince her to start a business and do the same for others. You should PM her if you have a house in need of a makeover..
Thanks to "chasethesun'
cheers
Aussierogue!
We bought this renovators delight 7 years ago and without so much as a lick of paint we put tennants in immediately. It has been a good house and we have seen rents rise from 230 bucks (7 Years ago) to 380 bucks just 6 weeks ago.
But alas, tennants vacated and on final inspection it was abvious work needed to be done. The carpets smelt of cat and dog pee, the walls were cracking and many things were falling apart. I felt guilty accepting any money from anyone game enough to live there!
Anyway - i sent out the SOS and enter somersoft poster 'chasethesun'.
I had been impressed by the picks of her recent renovation and asked her if she would be prepared to manage the makeover. She agreed...
The results are amazing
The facts
- Pre Reno rent: 380 PW
- 6 week makeover reno
- Cost 14k including management fees.
- Post reno - house listed for 490 PW....(approx 20 percent higher)
Nothing structural but 'chasethesun' managed the process, found great deals on benchtops, lighting, paint, floor sanders etc etc, did some work herself, added the female touch and imo the results both consmetically and financially are amazing...
The female touch is super important. No point doing a reno yourself if you dont understand the market. In the inner city market many of the buyers are young (sub 40) woman.
I am also trying to convince her to start a business and do the same for others. You should PM her if you have a house in need of a makeover..
Thanks to "chasethesun'
cheers
Aussierogue!