I get lots of people asking me general questions about their property investments during the process of advising them about their renovation. (Read More)
Hotspace Blog
Claiming more $$ in deductions when renovating an older property
Jane Eyles-Bennett - Monday, March 01, 2010
I put an article here on the website recently and had a number of people say they had never heard of the concept of 'scrapping' or writing off items before you renovate - so I thought this blog was a good place to draw attention to it! (Read More)
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Interior Design Consultant
Jane Eyles‐Bennett, principal of Hotspace Consultants can help you realize the profits in your renovation project. With 17+ years experience working around the world (London, Dubai, Australia and NZ) on commercial, hospitality and residential design and renovation projects, her breadth of knowledge is extensive. And as a property investor herself (most which she has renovated), her skills and experience for assisting other property investors renovate their properties profitably, is unmatched.Hotspace fills the gap between renovators using a traditional (usually expensive) designer and not using anyone at all ‐ and so provides an opportunity for anyone to get qualified help before they spend thousands, or tens of thousands of dollars on their renovation.
Why use us?
Renovating property for real profit takes skill and experience and if you do not renovate often or have never renovated a property primarily for financial gain before, then you'll no doubt be feeling uncertain about achieving these outcomes yourself. Without expert guidance, you run the risk of:- Renovating more of the property than you need to ‐ do you know exactly which areas, surfaces, fixtures, fittings, products and components you'll need to renovate to add the most value to your property? And which to leave be?
- Spending more money on your renovation than you need to - do you what parts of your property will give it the most value when renovated and the best way to renovate those parts without over-spending?
- Reducing the value of your renovation by making amateur choices about the colours, finishes and products you use ‐ do you have a good eye for design and can visualise your end result?
- Creating a DIY Disaster and making little or no profit at all ‐ can you guarantee to yourself that your renovation will result in a profit for you ‐ or are you 'winging it'?
How we can help?
We prepare a Renovation Design Report for you to follow as you do your renovation. This report is a comprehensive list of instructions (what to do to your property - area by area, item by item) and specifications (colours, products etc...) to help you renovate it in the most modern way for the most profit-making result. Whether you're renovating your entire property all at once or one or two rooms at a time, we'll prepare a Renovation Design Report to suit. You'll have a clear cut plan to follow for:- Purchasing the correct products and quantities for your renovation
- Obtaining accurate pricing from your trades-people
- Detailed instructions to follow yourself if you're going to DIY all or some of your renovation
- Clarifying the details of your renovation to your trades-people - keep a copy on-site at all times
- Instructing your property manager if the property is currently rented out and not near to where you live
- Identifying room-by-room, item-by-item, the details of your renovation
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