Selling your home isn’t something that you do every day-unless you’re a real estate agent. Over the years I’ve honed my skills in learning what works when it comes to selling your home, as well as what doesn’t.

Fortunately, other people have made these mistakes so that you don’t have to!

1. Ignoring an estate agent’s style tips

We all develop personal connections to our homes, but sometimes those connections mean that it’s hard to see our home through the eyes of a potential buyer. An experienced agent should know how to present your home in a way that will maximise your home’s selling potential.

2. Underestimating the importance of street appeal

First impressions matter, and potential buyers driving past or inspecting your home will take notice of your property’s exterior. In my experience, people buy in the first five seconds and justify throughout the inspection. Make a good impression from the outset and keep up to date with the mowing and weeding!

3 Under-investing in marketing

A targeted, wide-ranging marketing campaign designed to reach as much as possible of your buying audience is essential. Buyers fall into different groups and demographics, and a high quality marketing campaign will reach out effectively to all of these.

4. Not being switched on about going online

In our office, it’s where about 90% of our buyer enquiry comes from. The more you invest here the better. Only a small percentage of buyers look beyond the first page of property search results!

5. Being afraid to commit to a sale price

Committing to a sale price isn’t an easy task, but it’s one that should be a much easier decision when you consider that almost half of all potential buyers will pass over properties with no listed price. Why? It seems too hard, or worse, they fear it will be out of their range. Take the plunge and name a figure.

6. Holding out for a better price

Though it can be tempting to wait for a better offer, the property market doesn’t play by the rules of Who Dares Wins, so think twice before rejecting that initial offer. In my experience, often the first offer is the highest we’ll receive, and almost every record price we achieve comes from an offer made within the first thirty days.

7. Taking offers personally

A low offer on your property is not a reflection on you, or even on your home. Instead, they’re representative of a willingness to commit to opening negotiations. I always encourage vendors to see a low offer as a starting point rather than a final figure.

8. Opting for appointment-only viewings

Although there is the odd exception, for the most part opening your home for inspection is essential to ensure it’s seen by as many potential buyers as possible. We get around 10 times the buyer traffic if it’s open for inspection as opposed to by appointment viewings.

9. Cutting costs when choosing a real estate agent

If you think the best agent is expensive, try hiring the second best & see how much that costs you!

10. Failing to keep up with property maintenance

It’s almost always cheaper to do it yourself than to let the buyer use it as leverage for a price reduction.

I recently sold a home in Aspley where the building and pest report identified multiple maintenance issues at an estimated repair cost of $15k! As expected, the buyer tired for a $15k price reduction. I intervened & re-quoted with a local trusted trade and they seller got the job done for $3k. Fortunately, I managed to salvage the deal without a price reduction. However this could have been avoided or worse the deal could have fallen through.

So call that plumper you’ve been avoiding! For real estate Aspley, contact Justin Watt of Watt Realty today.

 

Painting your home is one of the more important procedures that must be done correctly so that your home looks stunning.it’s always important for every homeowner to seek out the most professional and qualified company to do the task. Just like in other parts of the world, homeowners looking for house painting Brisbane companies should also undergo a lot of research before choosing the most suitable company to do the painting.

A good painting company is at all times able to deliver to the expectations of the homeowner. At the end of the day, the house owner wants the house or property painted in such a way that it remains a masterpiece. Luckily for such homeowners in Brisbane, there exists a solution to all their house and property painting requirements We are a house painting Brisbane company that has been on the front line of ensuring that every homeowner gets the very best painting job that they deserve We pride ourselves on being attentive to detail and being able to deliver the highest quality finishes for each and every painting contract. With our wealth of experience, we are able to effectively handle every client’s needs by ensuring that they are met in the best way possible.

All the painting products that we use are the very best in quality. We ensure that they are also environmentally friendly. When it comes to the staff members, we only use the best. They are experienced and also very courteous. They are passionate about what they do and are at all times ready to go even the extra mile to ensure that the client’s needs and demands are met. These are painters who understand their roles well and therefore act with complete professionalism.

We understand that the house are assets that every homeowner truly values. That is why at all times, we make sure that our painting is the very best so that it can add value to your assets. We have a wealth of experience in different forms of painting projects and therefore, every customer can rest assured that he/she will get the very best that they deserve. We understand that for every project to be successful, good quality products must be involved. We ensure that only the best quality paints are applied. We never at any given moment involve ourselves with poor quality paints because we know very well that cheap is always more expensive in the long run.

When it comes to the budget, every homeowner can rest assured that the wallet needs will be taken care of. We always make sure that our rates are the reasonable and that every client gets real value for every coin spent. We are fully insured and therefore no client needs to worry. When undertaking any painting project we make sure that we take care of the environment so that we leave the place looking just as we found it if not better. Every homeowner in Brisbane who wants to get a painting quote should just call us for one and get prepared for the most professional painting on his/her house and property.

For house painting Brisbane and commercial painting Brisbane, talk to deluxpainting.com.au

Apr 122014
 

The scariest thing when it comes to moving at the end of your lease is the cleaning; in order to guarantee that you get your bond money back it is more sensible to hire a professional cleaner to do your dirty work. Sure, it might seem like you can do this yourself, but be careful enough not to under estimate the amount of hard work required. Just imagine where to begin with those never cleaned appliances all around the place, for example how would you clean a light fitting that is full of insects and most likely have never even been dusted. If you still hope that you can do this yourself, just hear this out and decide whether spending your weekend knee-deep in dust and grime is really worth it rather than hiring a professional to handle the situation.

In most cases bond money is normally equivalent to a full month’s rent so it is worth cleaning for. And hiring a professional is not that much expensive if you think about it. A cleaning package including almost all the required services could be bought for a flat fee of $200-$300 on average. For example if you hire B’Bright cleaning service all the required services are available in a single package, that is bond clean, carpet clean and pest control at a very affordable price. But the reason why your choice must be B’Bright cleaning service goes beyond that. B’Bright ensures the quality of service by providing a 100% satisfaction bond back guarantee. That is after the cleaning if you are still going to lose your bond due to any cleaning issue that is covered by the service you bought from B’Bright, they’ll happily return and rectify the problem, ensuring that you get your bond money back. Of course, when the real estate agent learns that you have called B’Bright to handle the situation that will hopefully eliminate the likelihood of any nit-picking. So no worries there if you choose B’Bright!

B’Bright offers cleaning services for both domestic and commercial clients and it is one of the dominating competitors in the industry. And for your better comfort it is highly recommended by estate agents as your bond cleaning service provider. At B’Bright, the mission is to provide quality service at a cost effective price for their valued customers. B’Bright is there whenever you need the cleaning as it is open 365 days. You have to be careful when hiring someone to do your cleaning, because at the beginning the package might seem very affordable to mere eye, but when the bill comes at the end of service you can’t believe how it flew up so high! The wise choice here is to allow B’Bright take care of your cleaning needs because then you do not have to worry about these hidden surcharges, B’Bright certifies that the bill is hidden surcharges free. So don’t hesitate to make the choice, why should you get your hands dirty when the ideal professional cleaner is out there? Just call B’Bright and focus on your move and new home without being dragged back to scrub your old one.

 

Vinyl wall Cladding is a popular choice when it comes to homes, particularly because there are so many vinyl cladding colors from which to choose. The extensive palette of 13 colours will suit almost any décor or style of home and give it a modern appeal. Some cladding colours are bold and modern, others can make your home look authentically original with heritage designs that mimic old-style timber weatherboard, which means that you can give your home a totally new distinctive look, or simply restore some of its old charm.

The extremely competitive prices of installing vinyl cladding to your home exterior is another reason for the growing popularity, wether your looking to encapsulate asbestos fibro sheeting or flaking lead paint on older weatherboards. Taking into account that paint fades over time, leaving you no other option but to repaint quite often, where vinyl cladding is fade resistant, requiring less maintenance on your part and provides an overall better look for your home. No matter what your budget is, less expensive, yet durable, vinyl cladding is an excellent choice if you are considering changing the exterior appeal of your home. Even monumental homes have succumbed to its convenience since it can perfectly replicate real wood paneling in different horizontal and vertical styles. Our manufacturers even offer a range of decorative wide architraves including door and window surrounds and shutters.

Vinyl House Cladding is constructed out of a PVC plastic resin, which makes it remarkably strong. Unlike metal or aluminum, it won’t rust, conduct electricity, or dent even if a cricket ball hits it, the boards simply bounce back. And unlike wood, it won’t warp, rot, or chip. It also holds up remarkably against the elements since it’s rain, extreme UV, and wind resistant. It won’t wear down in the harsh Queensland environment or become affected by cold weather. In fact, it’s so long-lasting it will retain its physical qualities for up to 50 years and comes with a manufacturer’s lifetime guarantee. However, the real benefit of the material is its competitive price, it’s one of the best value materials around proving a real investment and unlike fibro or wood, vinyl Cladding installation is quick, easy, and undemanding, which also helps to reduce the overall price of the product.

But what will you have to do to keep it in good shape? Oddly enough, not much. It won’t attract termites or pests. If you hire the right people for the initial vinyl Cladding installation, it can act as a great insulator to protect your home against extreme temperatures (saving you additional money on energy bills). Also, you’ll never have to paint again. Since the entire product is cast in a certain color, the shade goes all the way through the material. Therefore, it’ll never peel, flake, or scratch like painted surfaces. Not only does this save you on aggravation and sore muscles, it will also save you from hiring a painter every few years. You can save money, time and hassle over a lifetime with this simple switch. So put it on your home improvement to-do list, and enjoy the style and comfort that a home with vinyl cladding provides.

If you are looking for Cladding, Vinyl Cladding or House Cladding, contact Prestige Exteriors today. As Queensland’s premier supplier and installer of house cladding we offer the most comprehensive range of colours available in the market giving the finished project a beautiful and long-lasting appearance and finish.

 

Parties, or any event that gathers a number of people in a single location, are always filled with fun and enjoyment. Food, people in good spirits, and a whole lot of merriment fill the air of any event where children and adults alike gather to celebrate a special occasion.

One sure thing that can always bring a smile to anyone’s face, be it a fully grown adult or small child, is fairy floss. Fairy Floss King, Brisbane’s best provider of fairy floss machines, has been in the business for more than fifteen years. Fifteen whole years of bringing smiles to birthday parties, fund raiser events, school fetes, and even corporate work events. This trusted and reliable fairy floss provider is the best that you can find in the whole Brisbane area. Together with their machines and/or operators, you get to enjoy four hours of fairy floss, hundreds of sticks, a sugar mix, a table, and three full flavors to choose from. Free delivery is available in Brisbane, Logan, Redland, Gold Coast, and Ipswich. Fairy Floss King also offers other party needs to complete any party.

What once was only available in carnivals and circuses can now be had at your very own backyard, school, or corporate building. You can opt to hire the machine only and operate it by yourself, or hire an operator with the machine to eliminate the hassle of setting up and making the fairy floss for your guests. This will give you more time to focus on other things at your party and actually enjoy the event itself. If you want to make the fairy floss by yourself, though, it definitely won’t cause any problem as the machines are easy to operate and can start concocting the perfect fairy floss in just a few seconds.

Aside from giving your guests a great party atmosphere with Fairy Floss King, you can also hire the machines to make money at your event. Selling fairy floss at your school event can be a fantastic way to raise funds for charity or for any other purpose. Set up a Fairy Floss King booth and watch guests line up to get their taste of three available flavors and colors to choose from. Little girls will delight in the pink floss with a full raspberry flavor. Little boys will also enjoy the blueberry flavor that comes in the color blue, and green for apple. Every child in the event will definitely enjoy a fairy floss or two.

Fairy Floss Kings offers two packages for you to choose from: Package 1 consists of hiring the machine only, for $220, while Package 2 consists of hiring the machine plus the operator for $220 and $25 for the operator’s fee. With these packages come 250 paper sticks, sugar mix that’s good enough for 250 serves, and a table for set up. You can enjoy the machine right at your event for a whole four hours, making it a staple at your party. Should you need a generator, especially if your event venue is outdoors and away from an electric outlet, Fairy Floss King can happily provide it for you for an additional cost of $150.

Along with these packages, fairy floss machine brisbane can give you everything you need for a fantastic party. You can opt to add other party equipment such as Jumping Castles, a popcorn machine, and snow cones together with the fairy floss machines. Fairy Floss King will happily provide you with combo deals to create a complete party package for your event.

Fairy Floss King’s website is very easy to navigate. Should you have any questions about hiring fairy floss machines, you can easily go to the website where big, bold, colorful letters welcome you to an array of photos of Fairy Floss King’s previous clients and events. Everything you need to know can be found on the website’s Frequently Asked Questions tab. If you want to hire Fairy Floss King, a contact number can easily be reached with a friendly customer service agent on the other line to help you book a machine for your event. You can also fill out an online form where information such as your date of event, delivery address, required machine delivery time, mode of payment, and other essential information are needed to book your Fairy Floss King machine.

Welcome your guests with Fairy Floss King and expect your party to be unforgettable, keeping your guests happy with these delicious sugar concoctions.

Tags: fairy floss brisbane,fairy floss machine hire brisbane

 

Stacked stone, which may also be referred to be some people as stone veneer or stone cladding, is a type of cladding that can be applied to both internal as well as external walls and is used to help decorate both residential as well as commercial properties. It does bring with it a number of advantages, but before discussing those it is perhaps best to first of all offer up a better description as to what this is and how you can actually have it installed.

Stacked stone is something that is used to create a special effect on section of walls to make them stand out or quite often to surround a fireplace. It gives the impression of thin layers of stone being laid upon one another, much like a dry stone wall, so it is certainly something that is extremely tidy to look at. There are various types of stone that can be used as it does often depend upon what is in the locality, but once the job is done it can look pretty spectacular.

When it comes to the benefits then there are several benefits linked to its aesthetic side whilst others are more about its practicality. It is, therefore, a good idea to begin with the aesthetics first although it has to be said that there are more practical benefits than aesthetic.

By using this method it does give the area a rather classy and elegant feeling to it and this is often quoted as being one reason why so many official buildings will have areas where it is incorporated during its construction. For residential areas it can give often make a house stand out from the others and give it a sense of dignity and a certain panache as it is different to the normal bricks and mortar that you see everywhere else. The fact there are so many different types of stone, and therefore colors, does mean that no two walls will be identical even within the same house.

The main benefits of stacked stone are; however, practical and one of the first is actually that it is very cost effective as a form of cladding compared to other methods that are also used. It is of course also better at weathering and will, therefore, last longer and due to the material there is also less chance of it being damaged in some way, which is important when it is used externally. This is of course due to the fact that it is extremely strong and when it comes to construction you should never underestimate the importance of strength. It can of course also cope with a corner being flaked off without it damaging the overall integrity of the cladding as this will not make it any weaker and the same cannot be said if glass or wood is damaged in any way.

This strength theme is carried on as it is of course not going to be at risk of a termite infestation unlike wood so there will be less need to have things repaired or even entire walls rebuilt. It does, therefore, mean that it lowers the chances of any kind of bug infestation from the outside as they will find it harder to work their way through stone when compared to other materials that may be used.

Finally, you will find that stacked stone is extremely easy to maintain and indeed cleaning it is a very simple task that can be carried out using normal cleaning materials and there is no need to get anything specifically aimed at the material in question. It will also not require you to clean it as often as other materials, therefore, saving you a lot of time and effort as well as money.

So that is what is meant by the term stacked stone and there are also several of the benefits of having this kind of decoration in either your home or commercial premises. There are a wide range of options in regard to styles and colors of stones available so do just take some time looking at what is available from the company that is going to do the work and try to see which option you believe blends in best with its surroundings.

Looking for stone cladding Townsville? How about stacked stone townsville? Contact Craftstone Oz today.

 

Sushi platters and noodle dishes make great menus for events and parties. Sushi platters don’t need heating; they can be served cold as long as the fish is fresh. They are healthier than fried foods and other high calorie foods that may be served at corporate events and parties. They are delicious and can be a favorite lunchtime menu for office workers or high end delicacies for an event.

This food from East Asia is easy to eat, and though many people pick up their chopsticks to tackle sushi, they are traditionally finger foods! This makes sushi incredibly easy to serve and least messy to clean up afterwards. These are reasons enough to offer sushi platters at Moorabbin events.

Types of Sushi
Sushi is typically made of raw fish, vegetables and rice. These are combined together with different flavors and in different shapes to create the several varieties of sushi. There are also varieties of vegetarian sushi for those that don’t enjoy fish. The common ingredient across all of them is vinegar-flavored sushi rice. The toppings, fillings, condiments and preparation styles are what differentiate sushi varieties.

So, how do you choose what type of sushi platters to serve? Here’s a look at the varieties of sushi that are available.

Nigiri Sushi: Nigirizushi is typically a mound of rice pressed into a box with hands and topped with a dot of spicy wasabi and a cut of seafood draped over it, such as tuna, salmon, prawns etc.

Maki Sushi: Maki sushi is typically cylindrical sushi pieces created with the help of a bamboo mat. This variety takes its name from the Japanese name for the bamboo mat, makisu. They are typically wrapped in seaweed or other ingredients like soy paper, a thin omelette, perilla leaves or cucumber. The variety with seaweed wrapping and a single filling of cucumber or tuna is called hosomaki. Another seaweed-wrapped variety with multiple, complementary fillings is called futomaki. Other modern varieties are tune maki and salmon maki, with the fillings as suggested by the names.

Inari: Inari is typically made of fried tofu or beancurd pockets with sushi rice filling. It is named after the Shinto god Inari, who it is believed is fond of fried tofu. The beancurd pockets may also contain other condiments and toppings, or they can be eaten plain.

Sashimi: Sashimi consists of very thinly sliced, very fresh seafood served with a garnish such as Asian white daikon or radish, perilla leaves etc. It is typically served with a dipping sauce that is made of soy sauce, wasabi paste and other condiments like ginger. It’s also possible to order sashimi platters combined with nigiri sushi.

Western-Style Sushi: With the increasing popularity of sushi in the western world, there are variations in sushi with ingredients typically found in the west but not in Japan. These include the California roll, which usually contains a crab stick, avocado, tobiko and cucumber. This roll can also be made in the style of uramaki, which is rice on the outside and seaweed on the inside. Other variations can include mayo, prawns, salmon and other vegetables.

Health Benefits of Sushi
Scientists believe sushi is one of the reasons the Japanese are some of the healthiest people on the planet. A sushi diet typically contains 30 percent fat, compared with 40 percent of that in the Western world. Most of these fats are of the polyunsaturated variety.

A regular diet of sushi is known to keep the rate of heart diseases in Japan among the lowest in the world. Latest research has suggested that even smokers may be protected from lung cancer by including sushi more regularly in their diet. Raw fish contains circulation improving omega-3 fatty acids. Rice in sushi provides plenty of protein and energy. It can treat digestive disorders and even relieve diarrhea. Wasabi cleanses the palate, but it also may contain a chemical compound that can help to prevent tooth decay. Seaweed or nori has concentrated amounts of minerals like calcium, copper, iodine, magnesium and iodine. The condiment ginger aids digestion and may have therapeutic effects.

If you’re looking for suppliers of noodle dishes, Moorabbin locals will direct you to Pop Asia Cafe, with its variety of sushi items for business and personal catering. Contact them and choose from traditional Asian varieties, western-style preparations and other items at affordable prices.

 

Are you dreading your next power bill? Starting to worry about how the increases in electricity prices are going to affect you. Well you’re not on your own, so here is what you can do to reduce your anxiety and your bills.

Most of the time simple and easy common sense measures can shave hundreds of dollars fromyour bills just by following these steps.

Top Ten Ways to Reduce Your Bills FOR FREE

1. Most people do not realise how much electricity a simple light bulb could be adding to the cost of their electricity bills. Turning off lights when you exit a room will make a significant difference.

2. Try to avoid using the clothes dryer, if the weather is bad purchase a clothes rank that you can use inside.

3. If going on holidays, turn off your electric hot water system at the meter box to avoid the system constantly heating up water when it’s not being used.

4. If you have a peak smart enabled air conditioner you can connect your air-conditioning unit to Tariff 33 – which provides a guaranteed 18 hours of electricity at tariff 33 rates. You may not be able to turn on the system on during peak times, but this could be a good compromise to still enjoy your heating/cooling system without costing the earth. Energex are currently offering $250 reward for split system (peak smart enabled) and $500 reward for ducted systems (peak smart enabled). To see whether your air conditioner is eligible go to the Energex website.

5. An old inefficient pool pump could be costing you up to $640 annually to run on tariff 11. By connect your pool pump to Tariff 33 (if possible) could save you hundreds off your bill. Energex are currently offering a $250 reward for connecting your pool pump to Tariff 33.

6. Turn off additional refrigerators. Have a good think about how much you really use the other fridge. If it’s only for the occasional party switch it off in-between time or if it is to store extra food think whether you really need to store this much as you could be paying a fortune for “just in case you need it”.

7. When running your air conditioner set the temperature to 23 degrees in Summer, as every degree below this will cost you 10% more in running costs (eg. Running at 20 degrees will cost you 30% more than running it at 23 degrees) Or to save more open windows for ventilation rather than turning on the air conditioner in summer time.

8. Use cold water to wash your clothes. With the many washing detergents available today that are made for cold water washing it makes sense to use these rather using your electricity to heat up the water.

9. Once the weather starts to cool down, remember to close any windows that have been left open, use a throw blanket to snuggle up and keep warm whilst watching TV and get out the ugg boots. . If you do turn on the heater, keep the heat in the room you’re in by closing the door.

10. Using low flow showerheads in your shower usually consume less energy and provide the same amount of comfort.

All these free suggestions will reduce your energy usage and your power bills but they do take self discipline and children are often the worst offenders in leaving everything turned on. So if you don’t want to comprise on life style you can still reduce your bills by purchasing energy saving products such as a solar hot water system, solar power system, led lighting, skylights and monitoring systems. If you’d like to find out more visit www.anyenergy.com.au

 

Increasingly, Perth stone walls are created using CraftStone. Our product is also used in external applications as stone cladding but there has been a push for the stone veneer to be fitted in houses and businesses as an eye-catching stone feature wall. CraftstoneOz have supplied a number of high profile companies with CraftStone such as international franchises like Subway and Nandos, as well as many houses across Australia. It’s light weight and ease of installation makes it an ideal feature for interior design, as there is no need for the structural support that is associated with real stone products, which reduces costs and construction time.

Manufactured stone is incredibly versatile and can be adapted to most environments, with a minimum of limitations. Possible internal uses include pillars, wall features, fireplaces, chimneys and kitchens.

CraftStone is used around fireplaces and chimneys as it is not vulnerable to heat, also adding aesthetic appeal. Now the standard for new construction, CraftStone is also the ultimate choice for renovations, such as old fireplaces as it can easily be attached to old brickwork. With plenty of profiles and colours, there is an option to suite any mood or taste. The unique corner system allows almost any situation to be clad with CraftStone and eradicates untidy joins.

Traditional stone requires long and expensive labour and craftsmanship to install, which comes at an outrageous cost, sometimes more than the actual stone itself. CraftStone is designed to be placed on a wall and can even be fitted by an educated DIY enthusiast. With a 25 year warranty, CraftStone is a quality, durable product that you can rely on.

CraftstoneOz sell the product nationwide throughout Australia. Make an enquiry to the experienced team at CraftStone to find out how you can use CraftStone to create a Perth Stone Wall. CraftstoneOz offers numerous accessories to compliment our Stone Veneer range, thus enabling you to build a better stone feature wall. To view them, visit CraftstoneOz.com.au

For stone veneer and Stone cladding Sydney, Stone veneer and Stone cladding Melbourne and Stone veneer and Stone cladding Perth contact your local Craftstone Oz distributor.

 

After having done all the basic research and preparation, you’re ready to start looking for the perfect property.

This is when it gets exciting. You must keep your wits about you, because choosing a property is critical.

When you get to this stage, what you want is renovation potential.

You must assess each property not only on what it is right now, but what it can be when you’ve done your magic to it.

Your first consideration is the state of the property. You’re searching for something rundown, but notcompletely derelict (unless you really like a challenge)!Next you need to think about the mood of the local market, and whether this place could meet them with your improvements.

Finally, you should consider how much you need to do to the property.
Some places will only need a basic style change to bring you a tidy profit.
Other properties can be completely transformed, bringing them to a far superior state and unlocking higher profits.

Roughly speaking, there are three kinds of properties that attract renovators:The ‘Patch ‘n’ Paint’ means it is a solid property, in good condition structurally but the decor is dated.

It’s begging for fresh paint, carpet, fittings and fixtures, and the garden needs tidying up.
The ‘Fixer-Upper’ will generally be older and in rougher condition than the Patch ‘n’ Paint.
The decor needs attention, but it should also have a kitchen or bathroom makeover.
The problem child often has structural problems.

It may have cracks in the walls or need a new roof. Possibly the plumbing or wiring is uselss and needs to be replaced. These issues can be costly to fix but don’t necessarily return any value.

The ‘Knock-Down’ says it all, requiring a complete restoration or demolition. These properties often attract developers, especially if they’re in a great location, on a large block or have fantastic views. From experience, the best bets for renovating for profit are the ‘Patch ‘n’ Paint’ and the ‘Fixer-Upper’.

The type of renovation work you should do depends on your knowledge, skills, experience and contacts, but the average person should be able to renovate these kinds of properties without too much trouble.
In addition, they tend not to have a high level of risk.

Dealing with structural defectsIn general, I advise people to avoid properties that need structural work.

It’s best to spend the renovation budget on improvements that tenants or buyers can see as that’s how you get results.

Spending money repairing defects that are not seen eats into your renovation budget and you may not see a buyer who appreciates quality for some time, therefore your profits will be reduced.

Basically, tenants and buyers expect a property to have good foundations, wiring and plumbing. They won’t pay extra for it, so the extra expenditure to fix the defect doesn’t add any value.

If you do decide to make an offer on a property with structural defects you need to get a quote to find out how much it will cost to rectify the problems and factor that into the purchase price.

If the numbers still stack up then go for it. Plus, you can usually negotiate because many buyers will be scared off by the “problems”.

Don’t skimp on inspection reportsMany property investors are tempted to save a few bucks by foregoing inspection reports when buying a property.

Don’t do it! Termite infestations, dodgy wiring, rotten foundations. There are many potential problems with any home that most people won’t notice.

Any one of these problems can cost you big bucks. You wouldn’t buy a second-hand car for $10,000 without a $250 inspection report, so why would you purchase a property for several hundred thousand dollars without an inspection report for a a little more? For your peace of mind get the inspections done. For building inspections brisbane, contact Home Inspect today or visit their web site.

Meeting market demandNow let’s think about people, because renovating for profit is a people business, not a property business.

Tenants or buyers of your renovated property are the source of your profits -from either the rent you receive or what you make when you sell it, so to maximise your return you need to develop a home that tenants will rent and buyers want to buy.

This is the golden rule if you intend to profit from renovating houses.

If you intend to hold onto the renovated property then you need to research your target tenants for the suburb.
When you match a property to target tenants you’re less likely to have down-time with an empty house, or need to make a reduction in therent to get people in.

Talk to property managers and find out what type of properties are desirable in the area. Tell them you’re looking at buying an investment property in the area, and ask them what tenants prefer.

What sort of property is in short supply? What kind rents the quickest?In this suburb do tenants prefer houses or apartments? Do they want one, two, or more bedrooms? Do they require parking or not? You should know these facts before you can make an informed decision about what to buy.

If you intend to sell the property once you’ve renovated it, the same principle applies but now you must consider the wants and needs of buyers rather than tenants.

While there are some similarities, there are differences you should cater for.

Finally, although there will be some features of the property you can improve, some features, such as the location and aspect, etc, are fixed.
You can do a first class renovation, but if the property backs onto train tracks you can expect to trouble renting and selling it.

This is why property selection is critical. After all, you may be able to improve a property, but you can’t improve its location.

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