A Diamond in the Rough - Part 2

31 Oct 2016

Part two of a clients journey

In the last newsletter we shared the first part of a journey of a recent property purchased in Zillmere. Our client is living abroad and was eager to invest in the Brisbane market plus happy to undertake some renovations if it would increase the return on investment.

As a quick recap the property was located on the Northside in Zillmere on a corner 607m2 block. It was a great purchase in the mid $400k with 3 bedrooms, study and one bathroom. To purchase a property in that price range also meant it was likely some work would be needed.

The property was also tenanted so there was time to really plan what work needed to be done to provide the greatest return in investment. As our client is not Brisbane based he then engaged our Hot Property Renovation Consultancy service take guide him through the next stage.

This is where the Hot Property team got to work on the design, planning and implementation of the renovation project. Our renovation consultancy service does the leg work for you, looking after all facets of the renovation. Our experience means we know what needs to be done and what questions need to be asked to ensure that your project remains on time and on budget.

With any project we have to work within a set budget. We then prioritise what work needs to be done within the budget and provide ‘best bang for buck’.

For this property our scope of work included the following:

  • Full Internal repaint
  • External House wash
  • Yard tidy and Fencing
  • Kitchen Replacement and partial wall removal
  • Lighting update throughout and install of Split System AC unit to living
  • Window Furnishing update throughout
  • Upgrade of Built in Robes
  • Upgrade of Bathroom and WC
  • Plus also a range of minor preventative maintenance items

As the tenant had now vacated we were ready to start obtaining quotes and the client’s approval for the work. Once approval was given we started to lock in the trades.

Part of this consulting service also extends to the discussion and selection of colours and furnishings for tap ware, kitchen, bathroom, paint etc. This ensures consistency in look, feel and quality throughout the house.

There was some major works needed for this property; including demolition of the kitchen and part wall removal, upgrade of the toilet, bathroom and built-in robes. The yard also needed major attention with over 1.7 tonne of green waste being removed.

As with any renovation we struck a few hurdles. The main hurdle was the understanding the extent of the old termite damage to the bathroom. The termite damage was noted during the building and pest phase and this formed part of our negotiation on the purchase price. The damage, however was more than first thought and needed extra work, with a bit of budget juggling we were able to still complete the works within the original budget set.

To ensure our client was kept fully update to date with the progress of the renovation we set-up a private URL link. This meant were able to load all photos, videos, quotes and information to this link and our client was able to review in their own time.

As you can see from the photos the renovation inside was quite considerable with a full makeover given to the kitchen and bathroom.

At this renovation stage you can see the property starting to take shape. Stay tuned as next month we will show the final part of the journey – the finished product!

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