Hotspace Blog

Slash Costs, Reduce Risk and Still make a Profit from your Renovation

Jane Eyles-Bennett - Thursday, March 01, 2012

Did the title grab you? Slash Costs, Reduce Risk and Still make a Profit from your Renovation? You bet! This is the title of my new eBook - COMING SOON (April hopefully). Here's a Sneak Peek... (Read More)

5 Steps to Reducing Your Debt and Replacing it With Wealth

Jane Eyles-Bennett - Thursday, February 09, 2012

Thanks to David Wright from Simply Budgets for providing the following '5 Steps to Reducing your Debt' information. For a copy of his '7 Powerful Secrets to Unlock the Wealth in your Life' eBook, link here to his website (there's a pop up window where you can fill in your details to have one emailed to you). (Read More)

Hot Articles

Renovating student accomodation

Renovating property to suit students specifically is a task that if done expertly, will reap an inve.. more

Choosing a property to renovate

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

Testimonials

Hi Jane I just wanted to say that we both appreciate your approach so much. We have had such a difficult process with 3 architects. They were all “purists’ with grand ideas – but none from Dave. And no listening when .. more

 138 Ahern Street


First time renovators Lucy and Lee called on Hotspace to show them how to make-over their two bedroom unit for the best aesthetic and financial result. Worried that their lack of knowledge and experience would mean they would do the wrong things and spend too much money on their renovation, they saw a Renovation Action Plan as their key strategy for success.
 
Their Renovation Action Plan contained all the colours, materials, products and budget allowances to use when renovating this rental property.

Their budget for the entire renovation (for kitchen, lounge, dining, bathroom/laundry and two bedrooms including flooring, walls, lighting, cabinetry, appliances, fixtures and fittings) was $20,000 and their actual spend was $21,000.

It would have been so easy to over-do and over-spend on this reno, but by following the directions contained in their Renovation Action Plan, Lucy and Lee stayed on track and over-spent by just $1,000 - not bad for a first effort!

Are you a first or second time renovator? Want to have the assurance that every dollar you're spending on your renovation is actually going to make you back some money?

If so, then contact us now to discuss a Renovation Action Plan.
 
 
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