External painting Valuation. Worth it?

Viewing 12 posts - 1 through 12 (of 12 total)

acurabot
Participant
@acurabot
Join Date: 2013
Post Count: 22
December 10, 2013 - 12:34 am
Hi guys,
I'm nearing the end of my renovation I'm doing for my first IP. My house as I bought it is a light blue colour made of bricks and weatherboard. Some weatherboards are painted, some are not (I'd say 15% isn't painted) and some have paint starting to peel. I've got a quote for $8500 to repaint the whole double storey home, its balcony and gutters.
My question is, in this current rising market, how much valuation would I expect from painting the external of my house and would it be worth it? Or would I be best to just leave it as is?
Abit about the house, it is in Coopers Plains, QLD, double storey, 6 bedrooms, 2 baths, 600m2 block.
Thanks,
Dao
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
December 10, 2013 - 12:40 am
Can you colour match the existing painted wheatherboard surface and use that paint to cover the remaining 15% that isn't painted? It won't look as good as a whole new paint job but it should do the trick – and save you heaps.
If it were me – I'd just touch it up in the most cost effective way possible. Different story if it were a PPOR – but for an IP, I wouldn't bother running out to spend $8.5k on an external paint job. That money could be used better elsewhere IMO.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
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Mortgage Broker assisting clients Australia wide Email: [email protected]
wilko1
Participant
@wilko1
Join Date: 2010
Post Count: 510
December 10, 2013 - 3:50 am
well I would firstly Pay $300-500 to speak to a colour consultant so that they can pick the colors out. You would want to paint the most updated colour schemes that are out there. I've found that weatherboard houses can look especially striking with a darker colour palette. But for a 6 bed home double storey that sounds a OK price. Its not super cheap either though. but its ok. I think you could at least add that price in value to the home.
Try get some cheaper quotes. Play each trade off each other. "If you can do it less then 7500 its yours etc"
Jamie Moore
Participant
@jamie-m
Join Date: 2010
Post Count: 5,069
December 10, 2013 - 11:09 am
wilko1 wrote:
well I would firstly Pay $300-500 to speak to a colour consultant so that they can pick the colors out.
I should have done that. I didn't even realise the service existed.
I've spent over $100 on sample pots in the last week and also spent a fair bit on a 15 liter tub of china white only to decide that I no longer liked it. I have patches of paint all through the PPOR resembling little pacman characters. Who would have thought there were dozens of different whites!
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
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Mortgage Broker assisting clients Australia wide Email: [email protected]
Colin Rice
Participant
@fms
Join Date: 2011
Post Count: 338
December 10, 2013 - 4:06 pm
Jamie M wrote:
I've spent over $100 on sample pots in the last week
I got a whole box of those in the shed that the missus bought. More than $100 wroth though. Makes me blow a little bit of steam every time I come across them
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone Me
Perth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
wilko1
Participant
@wilko1
Join Date: 2010
Post Count: 510
December 10, 2013 - 5:34 pm
Those sample pots are better then painting the entire front of a house in overcast conditions before the sun came out and you reliesed you just painted the entire front of the house in bright gay purple. And you stand there going that is not what it looked like the shop lol
Freckle
Blocked
@freckle
Join Date: 2012
Post Count: 1,680
December 12, 2013 - 9:54 pm
Personally I’d paint it
better rental value