What was the objective?

Properties purchased with the objective of completing a high quality refurbishment within a short period of time with minimal outlay to increase capital value or rental return.

What was done?

Typical works completed:

• Aluminium windows removed, original timber windows installed.
• Cladding removed to expose original timber weatherboard
• Timber fretwork installed under veranda eave
• Property painted inside & out
• Baltic pine floor boards sanded & polished
• Light fittings replaced
• Kitchen cupboards relaminated
• Bathroom vanity basin replaced
• Bathtub resurfaced
• External landscaping completed

The Result

The properties were refurbished in an average of five weeks. A maximum of twenty thousand dollars per property was spent. The properties were either resold or rented.
Average capital value increase was 50%. Average increase in rental income was 40%.