I have to say I've never been to a renovation course, so can't fully comment on their benefits or lack of. But I can tell you for $5,000, you can buy a hell of a lot of books, magazines and do plently of searching the internet reading sites like this for information.
I first found this site a number of years ago in...about 2006? I was 20 years old and decided I wanted to get into property. A renovation sounded great, right up my ally. Only, I had no trade experience, didn't own any tools and began with zero support from family or friends as I kept it secret until the place settled as not to be persuaded into backing out from fear of the unknown. Anyways, I searched this site every single day after work. Subscribed to property magazines and read as many articals as possible about people who had done just what I wanted to do. Not to mention bunnings was always there to ask advice.
After all was said and done, I managed to purchase a 4 bedda for 198k, spend about 12k on renovations (plus another 5k holding costs and purchase of all the tools I needed). Valuation after renovation was about 260k. Not bad for a 21yr old COMPLETE beginner.
All I needed for that was guts, determination and a "rule of thumb" for guidence which someone was kind enough to share with me on this site. "For every dollar you spend, you should make atleast $2 back otherwise its not worth your time." I applyed that to each and every purchase or alteration and learnt sooooooo much along the way. Next time I think I could do the same renovation in half the time, with half the money. But I only have the confidence to say that because I've actually done it before, not because someone on a stage told me they done it.
Goodluck (ps sorry if I trailed off abit there)
I first found this site a number of years ago in...about 2006? I was 20 years old and decided I wanted to get into property. A renovation sounded great, right up my ally. Only, I had no trade experience, didn't own any tools and began with zero support from family or friends as I kept it secret until the place settled as not to be persuaded into backing out from fear of the unknown. Anyways, I searched this site every single day after work. Subscribed to property magazines and read as many articals as possible about people who had done just what I wanted to do. Not to mention bunnings was always there to ask advice.
After all was said and done, I managed to purchase a 4 bedda for 198k, spend about 12k on renovations (plus another 5k holding costs and purchase of all the tools I needed). Valuation after renovation was about 260k. Not bad for a 21yr old COMPLETE beginner.
All I needed for that was guts, determination and a "rule of thumb" for guidence which someone was kind enough to share with me on this site. "For every dollar you spend, you should make atleast $2 back otherwise its not worth your time." I applyed that to each and every purchase or alteration and learnt sooooooo much along the way. Next time I think I could do the same renovation in half the time, with half the money. But I only have the confidence to say that because I've actually done it before, not because someone on a stage told me they done it.
Goodluck (ps sorry if I trailed off abit there)
