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Thirty-Three Ways to Add Value

  • Make time your enemy, plan, plan, plan
  • Use a Gantt Chart
  • Niche markets can make you money eg student accommodation
  • Turn problems to opportunities
  • Work in contract period if possible
  • Make your money when you buy not when you sell

General Areas:

  • Convert garage to living area
  • Cannibalize everything
  • Rendering can give a wow factor
  • Level floors with jacks
  • Remove all rubbish – Use a Mini skip
  • Investigate “Tech dry” to combat rising damp

Externals – Street Appeal

  • Carport – Sails look great and don’t normally require drains
  • Shade cloth gives shade/privacy to decks
  • Build or extend deck large enough for 6 people minimum at a round table
  • Open up front verandahs for ‘instant’ street appeal
  • French doors add character and class to your deck entry
  • New front fence/ entry portal to define the entry
  • House washing - a water blaster using a chlorine mixture may save painting
  • Paint roof can transform the street appearance and make it look like new

Landscaping

  • Aim for high foliage if possible
  • Good fences make for good neighbours
  • Plants in pots: they can go when you go to the next project
  • Keep tenants and bank managers happy with your house
  • Remove excess foliage / Open it up/ less is often more
  • Paved areas with river stones add character
    i.e. driveway/ carports
  • Create a garden with hardy plants from the markets
  • Classy letter box creates a good impression
  • Gleam on the green by installing easy to water systems

Internals

Lighting – Remember paint the ceiling flat and add a hat

  • Broad, flat diffusing shades such as chinaman hats are best for high, or rough ceilings i.e. tongue in groove
  • Dimmers can alter the feel of a room
  • Down lights add interest

Walls and Floors – paint is the best ‘bang for your buck’

  • Paint with an airless spray gun
  • Use neutral colours
  • Wall and ceiling same colour means a faster paint job
  • Pick out features to add interest
  • Sand and polish floors – low maintenance, tough and durable and bright
  • Replace damaged flooring and stain to match old floors

Bathroom/Toilets:

  • Tub & tile paint restores baths and vanity basins
  • White tiles makes the room seem larger
  • Ceramilite sheeting in bathroom areas
  • New tap handles and spouts
  • Laminated clear glass shower screens to make waterproof
  • Replace pan and cisterns
  • Tiling adds value to bathroom, toilet
  • Bring external WC inside.

Kitchen: A key area

  • New bench tops on the old carcass can save you $
  • New handles give a wow factor
  • Paint out-dated splash-back tiles with white tile paint– or use ceramilite/ mini orb
  • In a new kitchen, use PVC on edges, stops chips
  • New tiles can add value and pizzaz
  • Enhance an old kitchen with new taps, handles, spouts
  • Ceramilite sheeting speeds it up or mini orb for a funky feel
  • Brighten it up with fluro or spot lighting

Want to Learn More about Property Investment?

Learn from the experts

• how to increase cash flow and capital gain when the market is not moving
• how to Joint Venture with friends or family to reduce risk and increase serviceability
• what entity to purchase with
• how to build a sizeable portfolio and protect it from loss
• how to reduce non deductible debts faster
• how to control property for long periods with little money and risk
• what development options are available to you and how to find them
• how to get finance when the bank says no
• Market predictions all around Australia from leading research company

Click here for more info on Workshops

Regards

Reno Kings
Paul Eslick & Geoff Doidge

Disclaimer
The information, statements and opinions expressed in this report are only intended as a guide to some of the important considerations to be taken into account relating to property investment. Although we believe that the statements are correct, they should not be taken to represent accounting, taxation, legal or investment advice and you must obtain your own independent advice from an appropriately qualified professional.

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© Real Property Productions Pty Ltd 2004
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