Renovating for profit

I am a Carpenter/Builder from South Sydney and I have recently purchased an investment property in Brisbane. After doing a lot of research, my main focus was to find a property which I could renovate to increase its immediate value. In making this decision I enlisted Suburbanite, a Sutherland Shire based company who are Property Investment Specialists. Anna Porter, the Principal and Senior Property Advisor, strongly recommended purchasing in the Brisbane area, and Anna’s team at Suburbanite assisted in finding me the ideal property. Experts are tipping South East Queensland to be the next property hot spot.

When making my decision to renovate for profit, it was important to find a property that suits the needs of a renovating profit strategy. For example, buying a cladded house which may be deteriorating can often need painting, not only the interior but also the exterior of the house. This can quite easily increase your costs. I made a decision to stick to a brick veneer house, meaning minimal painting of the exterior, and with the structure being in much better condition.

The house which I have purchased will need a complete interior paint, new kitchen, new bathroom, door hardware and tiles throughout with new carpet in all bedrooms. I will also be removing a wall to open up the kitchen area. I plan to construct an outdoor undercover entertaining area.

I will be extending out into the current carport area to add a fourth bedroom. The property value will increase significantly by adding this extra bedroom. The one downfall to adding this room is that I will lose the only undercover car spot. The temperatures in Queensland can be very hot over the summer period, so it is very important to have vehicles protected and undercover, therefore I will construct a new carport.

A renovation of this size would normally take 6 weeks plus. As I will be taking time off work here in Sydney to complete this renovation, I am aiming to have the house fully completed in 3½ weeks. I have enlisted various trades to carry out specialised and specific jobs that will need to be done. Importantly, I have constructed a detailed day to day schedule, which will advise what needs to be done and completed on a daily basis. When building and carrying out renovations, everything always takes longer than you think, however I am aiming to stick to my completion date.

Here are some photos of the house before the renovations begin. I’ll keep you all updated weekly as to how my progress is going.

Let the Renovations begin!!

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Buildstore wins award

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Buildstore.com.au is proud to say that we won our first award at the Green Lifestyle Awards. Buildstore was awarded Highly Commended for the category Eco Shopping Site.

Buildstore.com.au would like to thank the community who voted for us and the judges for recognising what we do and aim to achieve.

Cassandra King from Buildstore.com.au receives award for eco shopping site

Cassandra King receives award on behalf of Buildstore.com.au at the Green Lifestyle Awards 2014

Following is a link to the article written by Green Lifestyle Magazine talking about the Awards and acknowledging the winners.

http://www.greenlifestylemag.com.au/node/20228/full

Green Lifestyle Awards

Tomorrow night Buildstore.com.au is a finalist in the Green Lifestyle Awards 2014.

The Green Lifestyle Awards are about giving recognition to the wonderful companies and people who are leading the charge toward a cleaner and greener living environment. Green Lifestyle strive to recognise the people who are taking the positive and genuine step of working toward green becoming the norm.

Wither or not buildstore.com.au is a winner doesn’t matter as we are working towards a cleaner and greener world and in that respect we are already winners.

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Investment Property Classified

Buildstore.com.au has just been featured on the Australia Property Classified website.

If you would like to have a look at our featured article please click on the following link:

Buildstore.com.au New Building Renovating & DIY Website

Australia Property Classified is a website that helps to educate real estate investors. This site has some very infomative articles, a recent one is about Negative Gearing and its effects. If you are interested in reading the article please click on the following link:

Negative Gearing and its effects

Hope you enjoy the articles.

Update and Renovate – Spring Edition – Editorial

Buildstore.com.au is featured in the Spring edition of

‘Update and Renovate’ The Central Coast Homemakers Magazine.

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Update and Renovate magazine is a free magazine produced on a quality 115gsm gloss art paper and distributed each season throughout the Central Coast. This magazine is targeted at consumers who are updating, renovating, building, furnishing, designing and landscaping their family homes.

A link to the digital copy is below:

http://asp-au.secure-zone.net/v2/index.jsp?id=64/75/5911&lng=en

 UD&RSpring2014 Cover

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Buildstore.com.au – Special News – The Bower’s 15th Anniversary

Buildstore.com.au would like to let you know about the special event that is going on with one of our clients.  The Bower is celebrating its 15th Anniversary and has a day planned with a live Auction, demonstration workshops and a sausage sizzle. There will also be a live band playing for entertainment. So get down and support The Bower Reuse and Repair Centre.