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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Take a look at our portfolio of home and investment property renovations from across Australia and New Zealand...
10 Yvonne Crescent
Our client didn't want to do a lot of work or spend a lot of money to dramatically improve the exterior of their property for the purpose of re-valuation and/or re-sale. So with that in mind, we recommended a few simple changes to the paint colours, garage gable, driveway and garden.. and what a difference those few things make!more...
11 Winifred St
Here’s an example of a smart, simple exterior renovation that added incredible value in just a matter of weeks. Using some key design ‘rules’ (called the design principles), we recommended a wider style deck that ran along both front faces of the house - creating a balanced look to the property from the road. Our recommended exterior colours and some sharp landscaping add even more good looks - naturally increasing the property’s appeal and therefore value.more...
12 Eskdale Rd
This property originally had quite a ‘flat’, uninteresting looking exterior, so our advice to this client was to add depth to it by painting the block base only – they didn’t even need to paint the weatherboards to create this fresh, sharp look. We recommended a colour that was darker than the original colour but that would tie through well to the existing weatherboards. We also suggested painting the garage door and window sills, as well as some minor landscaping changes. A great result for just a few thousand dollars!more...
13 Konrad Street
Just a few simple changes to this property exterior created a more defined, modern look. We recommended to only spend minimal money on the exterior (since it really only needed 'tweaking' in our opinion) and to carry out the following work on it: Remove the shrub directly against the house, plant a dwarf hedge at the retaining wall, replace the letter-box, re-coat the driveway, clean the garage doors and repair the sandstone brickwork.more...
14 Kemp Rd
Before this client met Hotspace, they were going to completely replace their kitchen for a cost of around $7,000 - $9,000. However, because the property is in a low growth area, we considered this to be over-capitalising and recommended that they simply renovate it. For a cost of only $1,000 they renovated this kitchen by re-finishing the doors, replacing the bench-top and fitting a new splash-back – and what a difference it makes!more...
22 Lake Rd
To increase street appeal to this property, we recommended to this client that they remodel the garage doors, re-paint just the trims (window sills, handrail etc…) and tidy the landscaping around the property. Using some key ‘design elements’ our recommendations gave this property a real designer edge with only minimal changes (and expense) and added huge appeal and saleability to the property.more...
27 Warren Ave
This tired two bedroom rental unit was purchased for $270k. After only one month of renovations (and a total cost of just $15k), it is now worth upward of $375k! Original rent earned was $240 per week and increased rent after renovation is $375 per week (which includes whitegoods). The yield has increased from around 4.5% to 7.2%.more...
30 Sylvania Cres
Before this property was renovated, it was tired and dated looking. We recommended rendering the brick base, a new colour scheme, renovating the fence and improving the garden areas on the exterior – not to mention the changes that happened inside. The property is now much more modern, worth a lot more and returning a great deal more in rental income than before this renovation.more...
31 Martin Ave
We recommended that this client paint the walls (and told them the exact colour), sand the floors, replace the curtains and update the lighting in their lounge area. In conjunction with other minor changes to the rest of the house – including the exterior, bathroom, kitchen and bedrooms – the entire house renovation cost them just $17,000 and took just 14 days.more...
39 Nichols St
Before this house was renovated it was dark and uninviting. We recommended to this investor client that they lighten and brighten the appearance of the property so that it was a lot more appealing and valuable to potential buyers or renters. By reconfiguring the landscaping and removing the dark sunroom windows (on the right) the exterior of this property was improved in just a matter of weeks.more...
42 Glendon Ave
We recommended new ceiling mounted light fittings, just the right wall colour, just the right carpet and some modern, easily installed window treatments to moderise this house – helping it add $50,000 value (after expenses) to this property in 10 days!more...
45 Batkin Ave
The owner of this property was renovating to sell so did not want to spend much on improving it first. Our first impression was that it was dated and uninspiring so to update it, we recommended that the over-cupboard be relocated (to give the perception of a more open space) and the doors etc.. re-coloured. The walls were also painted but the bench-top remained as it was. The cost of a new bench-top alone would have taken this renovation up to at least $3,000. However, with some clever Hotspace advice this kitchen was reno’d for just $800more...
49 Connaught Ave
We knew that light, fresh colours would help lighten and brighten this small, badly lit unit and so recommended everything they needed to do to get that effect. Increasing the perception of space creates a more pleasant environment to live in - and therfore a higher perceived value to the property.more...
53 Cronin Ave
This solid block of units looked very tired and worn when we were first introduced to it. Our advice to this client however, saved them thousands of dollars (if not tens of thousands) and improved the look of the property ten-fold. We recommended paint colours, tiles, ballustrade details, common BBQ area details (paving, landscaping etc...) as well as the colours, fixtures and fittings for all 5 unit interiors.more...
57 Kyla St
As a result of our advice, our client spent just $8,000 on renovating this unit. One of the things we got them to do was paint the timber wardrobe doors and change the door handles. As you can see, this transforms the space entirely.more...
61 Loatta Court
Refreshing the exterior of this property was as easy as clearing away the front yard and painting the weatherboards a cleaner, fresher colour. Paving the grassed area adds to the crisp effect though a patch of dense healthy grass would have been just as effective (as recommended by Hotspace!)more...
68 Bairds Rd
We wanted our client to lighten and brighten their kitchen in order to significantly improve it's appearance. It only cost him $1000 and helped achieve an approximate net profit (after all expenses) of $15,000 overall on this property - in less than 3 weeks.more...
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