locco wrote:
 What are the rest of the houses facades like??? maybe just rendering the front with a 2 tone affect and a feature pergola or structure to break up the front and give it a visual wow!!

When looking from the front, the left side is painted white, right side not painted, rear of house painted purple and yellow with the heritage…[Read more]

Thur 7th June-called agent to make another inspection time next week to get some quotes done, eg carport, render, etc.-asked agent to fax contract of sale to mortgage broker-got prices on floating timber floor.-visited Lysaght Home Improvement showroom to inquire about carport. I reckon they will be expensive.-orderd timber venetians from…[Read more]

Wed 6th June-asked a carpet layer for a rough cost on 3 bedrooms-typed a list of window sizes so I can buy blinds while on sale at Spotlight.Yes, I did very little toward reno today. Working at this J-O-B seems to make it quite difficult to get things done. Now if I could just find a way to pay the bills while I wait for the Reno profit to come…[Read more]

Hi loccoThanks for the reply. Do you live in the Noble Park area? I might be needing a builder sometime soon!!

Teus 5th June- called a couple of renderers and a tiler to get rough per metre estimates.- went back to the house to measure windows and everything else. Started on the outside as the agent was not there, called him when he was 15 min late and he had forgotten, so I could not get inside the house.  Still, I measured up all outside, and have a…[Read more]

Hiwe just bought a reno house- our first of this type. Very excited. The full story is on the Adding Value forum.

Mon 4th JuneToday was getting a couple of loose ends sorted:-took out insurance on the house.-appointed a solicitor and gave their details to the RE Agent for conveyancing purposes-made an appointment with REA to go back to house tomorrow and measure all windows etc so we can start organizing materials and quotes.Hi Hopeful67, thanks for replying.…[Read more]

I am in Melb too, but $20/m seems very good. I have had some quotes of $23-$25.

 We just bought a house,(Yay!) so to continue the story I am going to start a new post in Adding Value section.

Hi robsterI recently bought the "Renovation Toolbox" from Property Investing.comI am only halfway through the information so far, but it includes a very detailed spreadsheet for renovation which looks great. I am a carpenter so I have a pretty good idea of things, but this spreadsheet will save me heaps of time and I would have to do a few reno's…[Read more]

Also, we found out today (Monday 28th) that the vendor wants $340k or more, and our offer of $330k is as high as we could go. So on to the next deal!Also today I:- booked mortgage broker to come tomorrow night for a refinance and a pre-approval on investment loan-called the council to find out what is still required on a house with planning permit…[Read more]

Oops. let me try those reno numbers again. Clearly this timeAddress:Portland st, Mulgrave, 3bed, 2 bath, carport, total cosmetic makeover needed, vacant house, early access to do reno, very popular street/areaPurchase Price: $330,000Reno Costs:      $20,000Other costs:      $18,000Sale costs:        $10,000Sale Price:        $400,000Pr…[Read more]

i noticed there is a full stop at the end. Try:
Thanks Terry and APerry I have subscribed to that site and got some of the aritcles. Looks good.

Glad you are looking at both sides.

One area, and it was mentioned, is borrowing. If you all go on the loan together then you will all be responsible for the whole debt individually. An example might…[Read more]

Mortgage Hunter
What do you think the disadvantages might be?

I can see a risk of disagreement between members down the track.
This could damage friendships.
Always a risk of losing money, but that is in any investing.
Certainly there is a great deal for us to learn, and that is scary in a way, but not really a disadvantage.

I am trying to think…[Read more]

Thanks Terry
That’s a great looking site. You may have just saved me some $ in legal fees for the future.
Your advice seems very sound. Thanks

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot

P.S.
I am not inviting anyone to join this group.
Thought I better make that clear.
Thanks[exhappy]

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot

Awesome. Keep us informed when you can. Great for expanding my brain.

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot

Looks great. But $400 is only the starting bid, and no one has bid yet. It could be in the thousands by the time it ends. Or maybe not. Think I’ll just watch and see….!

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot

Thanks PropertyPassion for the reply. I still have some more research to do before I go ahead. This forum is part of the research. I have certainly been learning a lot so far by preparing to DIY that I would not have learnt by “leaving to the experts”. Learning is one of the goals, getting a good price is the other. Hopefully both will…[Read more]

You are a champion peter-reebok. That was great to read. Unfortunately I think I lack the gumption for comments like “me: So 1 week is ok, since there are 2 units together?”
I’m just too nice I think. Maybe I will have to work on that.

He is no fool who gives what he cannot keep to gain what he cannot lose. – Jim Elliot