Hi, I’m thinking of ways to do a reno that would provide reasonable profit. Has anyone tried buying a 2bdr cottage and adding a third bedroom and doing a reno job (polish floorboards, painting etc.) and what have been their experience of this?
Hey Banner,
We do reno’s, if it’s large enough and you don’t have to go moving lots of plumbing, just remember this saying “every wall is a door”.
Cheers big ears. Susie.are you making much of a profit? My husband seems dubious that I can pull this off.
i tried to do this once with a 2 bedroom that is selling for about $65,000. I was asking around and most builders say $700 per sqm, and he quoted me $10,000 to build the new room! and a 3bd house in that area sells for about $85,000. less the purchase cost and maybe selling cost, there aint much profit left.
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