From: Nigel W
First some questions and then the challenge!
For the benefit of those of us with no refurb's under our belts yet, would the experienced players please provide some guidance for good rules of thumb regarding cost estimation for cosmetic things like:
* average bathrooms - what does it typically cost to rejuvenate (whether going the whole hog or just reglazing and a new shower curtain!)
* average kitchens - how do you estimate the cost/metre? In your experience what's the best material/s to use for cupboards/benchtops/sinks/splashbacks? (I know there has been some good & unusual suggestions in the past, like using frosted glass instead of tiles etc). Other issues like good suppliers/installers, traps for young players, would be appreciated.
* floor coverings - is vinyl the go? Or should you tile the wet areas for longer durability but less tax benefit?
And now the challenge...contributors like Geoff Doidge and others have based whole seminars around the substantial profits they have achieved through value adding involving minor building work.
BUT what I'd like to hear from people is how much they gain they were able to achieve from purely superficial work. The winner will be the person who can boast the lowest outlay for the highest capital gain! (Cap gain must be verified through sale, independent valuation or refinance) I'll start the ball rolling...
* 1 can of paint, 2 smoke detectors and 2 hours time. Cost $30 - cap gain $5500.
Let the stories begin...
And of course the prize is that winning is its own reward!
First some questions and then the challenge!
For the benefit of those of us with no refurb's under our belts yet, would the experienced players please provide some guidance for good rules of thumb regarding cost estimation for cosmetic things like:
* average bathrooms - what does it typically cost to rejuvenate (whether going the whole hog or just reglazing and a new shower curtain!)
* average kitchens - how do you estimate the cost/metre? In your experience what's the best material/s to use for cupboards/benchtops/sinks/splashbacks? (I know there has been some good & unusual suggestions in the past, like using frosted glass instead of tiles etc). Other issues like good suppliers/installers, traps for young players, would be appreciated.
* floor coverings - is vinyl the go? Or should you tile the wet areas for longer durability but less tax benefit?
And now the challenge...contributors like Geoff Doidge and others have based whole seminars around the substantial profits they have achieved through value adding involving minor building work.
BUT what I'd like to hear from people is how much they gain they were able to achieve from purely superficial work. The winner will be the person who can boast the lowest outlay for the highest capital gain! (Cap gain must be verified through sale, independent valuation or refinance) I'll start the ball rolling...
* 1 can of paint, 2 smoke detectors and 2 hours time. Cost $30 - cap gain $5500.
Let the stories begin...
And of course the prize is that winning is its own reward!
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