Hi there
Our PPOR is looking a bit dated, but in sound condition, built in 1988, 100 km from Melbourne in a growth corridoor. Summerhill pink bricks with some internal brickwalls, apricot fluff painted wall, and exposed cathedral beams, cedar ceiling and pine ceiling boards in living areas and ceiling fans. Current value 500000, low density residential on 5000 sq metres in a good part of town.
We are planning to move in 3-4 years to our IP. I am keen to relocate, but wife is not sure she wants to move. As a compromise we plan to keep our exisiting PPOR as rental for 2 years until she can decide if she is happy in her new location. Based on current condition house only needs sun damaged carpet section replaced.
My initial thought was to plaster over internal summerhill brick walls in living room, 1 bedroom, hallway and study and replace carpet and repaint. Carpet is original and is now rotten, effected by north sun for a 30 cm strip along north facing windows in 1 bedroom, and dining, family room. The rest of the carpet is still ok.
We like timber flooring and though of bamboo flooring in living rooms, dining and kitchen, perhaps 130-150 sq metres of bamboo flooring.
Preparing for rental, is it better to get a new strip of carpet that matches and replace the sun damages section and delay all plastering, painting, new carpet and flooring until we either return or decide to sell. Or perhaps do plastering, minimal painting, carpet repair and delay new bamboo flooring and entire house repainting until after rental ends. Or spend 25000 now get benefit for next 3-4 years, increase rental appeal and do floor sanding, carpet steam cleaning and repaint when rental ends.
Thanks for any input.
Our PPOR is looking a bit dated, but in sound condition, built in 1988, 100 km from Melbourne in a growth corridoor. Summerhill pink bricks with some internal brickwalls, apricot fluff painted wall, and exposed cathedral beams, cedar ceiling and pine ceiling boards in living areas and ceiling fans. Current value 500000, low density residential on 5000 sq metres in a good part of town.
We are planning to move in 3-4 years to our IP. I am keen to relocate, but wife is not sure she wants to move. As a compromise we plan to keep our exisiting PPOR as rental for 2 years until she can decide if she is happy in her new location. Based on current condition house only needs sun damaged carpet section replaced.
My initial thought was to plaster over internal summerhill brick walls in living room, 1 bedroom, hallway and study and replace carpet and repaint. Carpet is original and is now rotten, effected by north sun for a 30 cm strip along north facing windows in 1 bedroom, and dining, family room. The rest of the carpet is still ok.
We like timber flooring and though of bamboo flooring in living rooms, dining and kitchen, perhaps 130-150 sq metres of bamboo flooring.
Preparing for rental, is it better to get a new strip of carpet that matches and replace the sun damages section and delay all plastering, painting, new carpet and flooring until we either return or decide to sell. Or perhaps do plastering, minimal painting, carpet repair and delay new bamboo flooring and entire house repainting until after rental ends. Or spend 25000 now get benefit for next 3-4 years, increase rental appeal and do floor sanding, carpet steam cleaning and repaint when rental ends.
Thanks for any input.