Forums / Property Investing / Value Adding / Apartment Renovation

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  • Profile photo of SidSid
    Participant
    @realnest
    Join Date: 2015
    Post Count: 2

    Is it a good idea to add an extra W/C(Toilet) in a laundry area, while thinking of renovating Bathroom and Laundry?

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 240

    Good Idea Financially?

    the simple way to work it out is
    value of property now
    cost to do reno
    value of the property after.

    then that is a really clear and easy way to break it down, even get quotes for the job.

    for e.g. a client of mine had a converted garage bedroom we did a $15,000 reno on it and added a private ensuite (shower/Toliet) the rental return went from $180 to now $300 per week so really good return in that specific case.

    Kind regards

    Jaxon Avery

    Profile photo of SidSid
    Participant
    @realnest
    Join Date: 2015
    Post Count: 2

    Thanks Jaxon, very simple/precise explanation, appreciated!

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 240

    My pleasure Sid,

    I actually sent you a private message with my details if you have any specific questions, if you write them down I am more than happy to provide some answers and even carve a clear path for you.

    Kind regards

    Jaxon Avery

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