thankyou everyone

[dags]

Hi everyone.

Just finished our first reno and we would like to extend a huge thankyou out to the somersoft community for all your help and support.
Big thanks to the regular posters for their continuous free advice which is worth a hellavalot!
Thanks to DaleGG, Mike Yardney, Rolf L andanyone else that has suffered a barrage of my endless mind numbing questions!
Also thanks to the reno kings for their workshops and advice.

We have now rented out the property(was PPOR) for $305 per week and the property was rented within one day of advertisement.
Purchase price 300k
reno 25k
revalued at 380k

what we did;
new kitchen(reused doors from previous kitchen)
updated bathroom(white knight tile paint)
painted throughout
feature walls
new timber venetions throughout
floating floors throughout
rendered exterior
new front door
paving at rear/shadecloth/ entertaining area
landscaping front and back
painted gutters.
New front fence and gate.
(property was restumped and rewired before purchase)

I shall post the before and afters in the photos section
http://www.somersoft.com/forums/gallery/showgallery.php?cat=500&ppuser=2505

We are now accessing our gained equity and will be purchasing within the next month and repeating this process.
(95%lvr of 380k,purchasing a IP around the $200k mark)


once again a very big thankyout o everyone involved
kind regards

Darren and Glenn Haig
the hippie investors

 

[eggnog]

congrats dags. Not bad equity gain. But how long was the project - when did you settle, when did you start renovating and when did you finish and rent out?

 

[dags]

reno was done in 2 months and we have been living in the property until recently when we found it was cheaper to rent out the PPOR and find a place to rent ourselves.
We needed to free up some cashflow as to fund our next purchase.

dags

 

[BV]

Hi Dags,
Nice reno, keep up the good work.
Cheers

 

[TheCamel]

Congratulations - Good luck with your next one