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Choosing a property to renovate

The current state of the property market has stopped many people, especially investors, in their.. more

Budget blowouts

It's no secret that the number one trick for a successful investment property renovation is to remai.. more

Testimonials

Consulting Hotspace was the best step I took during the entire renovation process. Their professional service is one of a kind and their know-how is priceless. Hotspace helped me to see even more potential in my property and make the right deci.. more

The Numbers Game

05-Mar-2010
Renovating your investment property – or any property for that matter - is an exciting and fun experience. You’ve no doubt watched the home make-over shows and read about other peoples success stories in magazines and been inspired yourself. If you are considering a renovation you’ve probably started by thinking about ideas for your kitchen, bathroom, exterior, lighting, flooring etc… and looking at the products and colours you could pull together to create a more modern looking property.

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Areas for adding the most value

28-Jan-2010
Deciding where to spend your money when renovating an investment property is one of the most important decisions you'll make as a property investor. Typically, people tend to renovate the kitchen and bathroom and this is usually a wise thing to do. However, there are three main factors to consider before confirming that these are the right areas to spend your money on.

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Kitchen Reno's

26-Nov-2009
There’s a knack to renovating investment properties – and it’s a very different kind of knack you might use for renovating your own home. If you’re looking to add value to your property or increase the yield you receive, then your kitchen is a critically important part of your renovation to get just right. Depending on what you’re planning to do with your investment property, there are dozens of great strategies for upgrading your kitchen – from a $500 ‘trick up’ to a full on kitchen reno.

Renovate your own kitchen like a professional - check out our DIY Guide e-book '100 Hot Strategies for Renovating your Kitchen' in our on-line store.

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Cooking the rebuild books

25-Nov-2009
Low cost renovations can give a high return when a home is sold or rented. The trick is getting maximum impact for your money. When renovating for profit rather than enjoyment it is critical to get the kitchen right, says interior designer Jane Eyles-Bennett. You need a balance between spending the appropriate amount, renovating for the right audience and to suit the location, and modernising as much as you can within these parametres.

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How long should my Renovation take?

01-Nov-2009
Spending too long on renovating an investment property can take you into the land of over-capitalising. Often, we only compare the cost of the renovation with the increased property value to work out our profit. However, there are other costs incurred along the way. Mortgage repayments being the big one.

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How much should you Spend?

01-Sep-2009
Knowing how much to spend on your renovation can make the difference between making money from it or not.
Spending too much on renovating an investment property is an all-too-common problem that leads to over-capitalising and reducing the profit you make. Or worse losing money.

Keep your renovation spending on target with our easy-to-use ‘DIY Property Renovation Planner & Budget Tracking Calculator’ to record and track your renovation costs. Go to our on-line store to purchase your copy.

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Depreciation for Renovations

28-Aug-2009
When purchasing an older investment property, many investors decide to renovate the property after settlement. Investors can often claim thousands of dollars in deductions when renovations are done. The following case study highlights how it worked for one investor.
Case Study
Jim purchased a 60 year old 3 bedroom townhouse in Paddington. In its pre-renovation condition, the house contained carpet, vinyl, blinds, an air conditioner, old stove, hot water service and light fittings...

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Renovating to Sell

01-May-2009
Renovating a property to sell is in a different league altogether than renovating to rent out or live in yourself. So it’s important to know the differences if you are an investor hoping to make a profit for your efforts.

Renovate your property before you sell with the help of our Complete Renovating e-kit - 6 DIY guides and templates to help you get the most modern result - even on the most modest of budgets! Visit our on-line shop for your copy.

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The Secret to Adding Value

01-Mar-2009
There are many things to consider when undertaking a renovation, but most important is to distribute the money specifically and appropriately throughout the property - and making sure the renovation stays on track, writes Jane Eyles-Bennett. Firstly, if you are considering renovating in the near future...

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Styling your Property for Maximum Sale Price

20-Feb-2009
Enlisting an expert to stage your investment property can pay dividends for vendors, especially in a tough selling market. Sarah Megginson reveals top styling tips and tricks to help you achieve a premium sale price.

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Choosing a property to renovate

01-Aug-2008

The current state of the property market has stopped many people, especially investors, in their tracks. Since many investors rely solely on capital growth, now is not a pretty time for them.

If you are willing to step outside of the box of ‘what everyone else is doing’, now is the BEST time to be picking up a bargain or using your existing properties to carry out a renovation and make money that way. The trick however is in selecting the right property to renovate.

Work out the details of your renovation using the same 'Renovation Inventory Template' that we at Hotspace use every day. This is an invaluable tool for identifying and specifying every single detail of your renovation. Go to our on-line store for more details.


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Budget blowouts

01-Jun-2008
It's no secret that the number one trick for a successful investment property renovation is to remain unemotional. I say this over and over to my clients (who take it on board in varying degrees!). The only thing you need to worry about to carry out a successful renovation is whether 'the numbers' stack up....more...

Keep your renovation spending on target with our easy-to-use ‘DIY Property Renovation Planner & Budget Tracking Calculator’ to record and track your renovation costs. Go to our on-line store to purchase your copy.

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Best foot forward: Maximising return when preparing property for sale

01-Dec-2007
In the current property market 'quick flicks' or 'buy, do up and sell' projects are hot. It's a tight business that can easily turn bad for so many reasons. Experienced and inexperienced investors are jumping on the bandwagon and know their number one priority...

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When a quick flick does the trick

01-Sep-2007
When a quick flick does the trick. Rapid-fire buying and selling can be a profitable property strategy, but keep your costs under control. Quick flicks are part of our home owning and investing folklore. Doing up a house and moving on has put many a person on the path to wealth

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Dress for Success

01-Aug-2007
'Quick flicks' or buy, do up, and sell projects are hot in the current property market. It's a tight business that can easily turn bad for so many reasons. Experienced and inexperienced traders and investors everywhere are jumping on the band wagon

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Design principle proof in the pudding

01-Jun-2007
Some properties just have the x factor don't they? Whether designed by an architect or an interior designer or by someone who just has a 'knack' for it, a property with the right look is most likely sold or rented faster and for a higher dollar amount than other comparable properties in the area...

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Turning good design principles into good profit

01-May-2007
As a property investor, you've probably come across properties that have a certain flair or 'look' about them. They seem to have the designers touch somehow and you know that because of that, the property is no doubt worth more than other properties for sale or rent in the same area..

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