Don’t let the excitement of a new renovation blind you to the major problems you can have if the correct insurance is not in place. Everyone watching ‘The Block’ or Grand Designs gets excited about renovating, whether to update or extend due to new family commitments or as a way of increasing the sales value…
You may have been misled. You see…a rash of popular reality TV programs have highlighted the easy money to be made in property renovating, which may have led you to believe that renovating is an easy and surefire strategy to generate profits from property. But the reality is, renovating won’t always make you money. In…
We are a nation obsessed with home renovations. Just take a look around at your own street or suburb, or turn on the TV to see the number of home makeover shows on offer. Housing Industry Association research shows that house-proud Australians are expected to have spent more than $30 billion on renovations in the…
So, you want to take on a construction project. It’s an admirable ambition – and a smart one at a time when the market in most major cities looks to have bottomed out and be on the verge of recovery. Striking while the iron is hot and taking on a construction project is a good…
Are you ready to step up to property renovations and development? I know a lot of investors are considering this as the next phase of their investing, especially at present when capital growth is slow (or in fact minimal in some locations) Well..here are the answers you may have been looking for to ensure you…
New homeowners have been slugged a staggering $10.5 billion in repair costs over the past decade as poor construction standards have left them battling leaks, cracks and other problems. Financial comparison site Mozo’s Property Pain – Building Defects Report 2019 also found most new and newly renovated apartment and house owners have been plagued by…
Bit of a chartfest today: a look at the tale of woe that is building approvals in six quick charts. Attached dwelling approvals nosedived another 18 per cent in July 2019 to be 44 per cent lower than a year earlier, driven by huge ongoing declines in unit approvals in Sydney, Melbourne, and Brisbane. The…
Are you interested in renovating properties? I know I am, as are many of our clients at Metropole who see it as a great way of adding value and manufacturing capital growth at a time when our markets are flat. Yet despite Australia’s love affair with TV renovation shows, apparently many Australians just can’t be…
You may have considered it while piling the shopping bags on top of a cramped and dated kitchen bench, or perhaps it crossed your mind after a dog and a baby came along. Whatever the reason, if your abode feels too humble, now is the time to take action. Benefits of renovating Renovations are soaring…
Whether your planning to renovate your own home, an investment property to hold for the long term or its a property to flip for a profit, the fundamentals don’t really change. The end goal is usually always to maximise the value and to increase the rental returns of the property. 1, Avoid over-capitalising Start with…
