One of the first decisions that must be made when you are preparing to begin a renovation project is whether to attempt a do-it-yourself project or hire professionals. Each route has benefits and costs that must be considered before deciding which method to utilize. While it is easy to assume that DIY work has the potential to take a project from the red to the black, it is necessary to perform a full analysis to be certain. (Read More)
Did you watch the season finale of The Block? If you did, you’re not alone. The show has broken viewing records with their portrayal of a world of get rich quick renovation stories. Just how realistic is the example set by this season’s winners, who earned $335,000 for their 6 months of work? (Read More)
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Choosing a property to renovate
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.
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