Hi,
Just exchanged the contracts on my first investment property. Will get possession on about 16th DEC
Went over to the house today and measured up so I could plan my reno's HAVE A LOOK BELOW TO SEE WHAT I CAME UP WITH - PLEASE COMMENT & TELL ME HOW TO IMPROVE THIS DESIGN>>>>
My Goals:
> Increase Value / Build Equity
> Increase Potential Rental Income
> Time Frame 4-6wks
Reno Finishing Quality:
> Med-High
My Concerns:
> Bedrooms are small
> Have to move the front door to the side by approx 30cm to allow 3 Bedrooms.
> Not much storage room, i.e no Linen cupboard, there will be a cupboard behind the door in the kitchen, I guess that can be for linen?
> The laundry room is outside/downstairs under the proposed living areas at back of house, is large room with plenty space for storage. But its outside! is this detrimental for renting?
Budget: $40K
> Plan do almost everything myself except Plumbing & Electrical
> Some asbestos may need to be removed
> Also there is a fair bit of plastering work to be done, so ill probably look to fix the sheets but contract the pros to Set & Finish it.
> Get flat packed Kitchen from Bunnings?
NOTE:
> The existing layout is in grey on the left hand side.
Just exchanged the contracts on my first investment property. Will get possession on about 16th DEC
Went over to the house today and measured up so I could plan my reno's HAVE A LOOK BELOW TO SEE WHAT I CAME UP WITH - PLEASE COMMENT & TELL ME HOW TO IMPROVE THIS DESIGN>>>>
My Goals:
> Increase Value / Build Equity
> Increase Potential Rental Income
> Time Frame 4-6wks
Reno Finishing Quality:
> Med-High
My Concerns:
> Bedrooms are small
> Have to move the front door to the side by approx 30cm to allow 3 Bedrooms.
> Not much storage room, i.e no Linen cupboard, there will be a cupboard behind the door in the kitchen, I guess that can be for linen?
> The laundry room is outside/downstairs under the proposed living areas at back of house, is large room with plenty space for storage. But its outside! is this detrimental for renting?
Budget: $40K
> Plan do almost everything myself except Plumbing & Electrical
> Some asbestos may need to be removed
> Also there is a fair bit of plastering work to be done, so ill probably look to fix the sheets but contract the pros to Set & Finish it.
> Get flat packed Kitchen from Bunnings?
NOTE:
> The existing layout is in grey on the left hand side.
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