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

Hotspace does not conform to the expensive and exclusive stereotype of the design/decorating profession..." Thanks so much to Hotspace for your guidance through my renovation. Being in the building industry myself I was well aware that this r.. more

 14 Jones Parade


Sam bought this property in Coolum, Queensland to renovate for a profit. She had plenty of her own great ideas but needed an experts eye to pull the design together and make sure she didn't spend any more money than was absolutely necessary. We advised her of the design details such as colours, materials, fixtures and fittings - as well as the areas to reno and the bits to leave alone.

Note: click on the images to enlarge
 
Renovation costs were $70k including some structural work on the interior, a new deck, new kitchen, painting, flooring, lighting and window dressings throughout, landscaping, fencing etc.

Total costs on this property were $485 including purchase price and renovation costs and she has subsequently decided to furnish it then holiday-let (getting $992 per week).
 
Do you know where to start and stop with your renovation? Most people spend more money than they need to and get less of a return than what is really possible. Going backwards financially is easily done if you're not careful. For less than $1600, Hotspace can set you up for success by preparing you a purpose-designed (specifically for your property) Renovation Action Plan. See the tab above for more details.
 
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