Browse Forums Increasing Home Value Re: basics of increasing home value 42May 17, 2009 12:20 am “It's just as unpleasant to get more than you bargain for as to get less” George Bernard Shaw. Re: basics of increasing home value 43May 20, 2009 5:38 pm Blog: http://bluemistkids.blogspot.com "Never be afraid to try something new. Remember, amateurs built the ark, and professionals built the Titanic." Re: basics of increasing home value 45Jun 08, 2009 11:31 pm Where you are coming from is where you are going to... Re: basics of increasing home value 46Jun 09, 2009 3:35 pm Blog: http://bluemistkids.blogspot.com "Never be afraid to try something new. Remember, amateurs built the ark, and professionals built the Titanic." Re: basics of increasing home value 51Jun 16, 2009 4:43 pm Do the hard jobs first. The easy jobs will take care of themselves. - Dale Carnegie Re: basics of increasing home value 53Jun 16, 2009 7:58 pm Do the hard jobs first. The easy jobs will take care of themselves. - Dale Carnegie Re: basics of increasing home value 55Jun 17, 2009 6:38 pm Do the hard jobs first. The easy jobs will take care of themselves. - Dale Carnegie Re: basics of increasing home value 57Jun 18, 2009 9:29 am I guess the thing is weather "economical" means lesser quality! For all we know it could be the same (or similar formulation) to the "well known brand" of paint, but sold cheper in much higher volumes to tradespeople. I'm sure builders use economical paint all the time for new houses. Re: basics of increasing home value 58Jun 20, 2009 8:07 pm I understand your point cabinfever - just like a used car is prettied up by scammy car sales people. - but I do not have an issue with a new coat of paint being done to make a house look better than a scrathed and dented hallway if I'm selling it. Re: basics of increasing home value 59Sep 09, 2009 12:25 am Hi guys, Just joined, but have read this thread with quite a bit of interest, and wanted to give my example and experiences, albeit that mine run in the reverse direction than the others here. My fiance and I have recently purchased a a 4br 2 living area weatherboard in Ballarat, for around the 160k mark, (housing is much cheaper in ballarat than melb) upon purchassing the house it was quite tired, although very sound and sturdy, it had thick blackberries growing between the side wall and fence, (couldnt even walk down past them they filled the entire space) the 2 second living room was old masonite walls and a chipboard, yes chipboard roof, garden was there but wildly overgrown,. and the carpet throughout was threadbare. 3 months have past since settlement and we moved in 3 days ok, in the mean time, we have cleaned up the garden, nothing new just trimmed mowed and weeded the existing setup looks quite nice now, torn out all the blackberries, (my hands still hurt, even leather welding gloves didnt last) and conceted in a pathway down that side of the house so hopefully they cant grow back. the 2nd living room was replastered, and had one of its doorways extended and also recieved new light fittings, this only cost us materials and a few beers for trady mates, new carpet went down throughout, easily the most expensive thing totallly nearly 5k, and the whole house was painted inside. the day before yesterday we had a agent come and value the house, just to see how we had done, no intention of selling, he gave us a sales figure of 190-200k so a value increase of 30-40k although i know agents are notorious for giving you a higher figure to try to get you to sell, but it still seems that our little effort has created some impact on the value. now if i totalled up what we spent it might be more than i think, materials, carpet, skip, beers, lights, paint, couple of plants, so do you think we have done the right thing? the entire reason we did it was to make the house more comfortable to us, not because we plan on selling, but rasing its value was always a topic of conversations as well. bearing in mind, the only work done by paid proffessionals was the carpet, the sparky work was done by a pro, but he hasnt charged us im sure he will ask me to do some concretting for him sometime in the future. Re: basics of increasing home value 60Sep 09, 2009 2:04 am JM Welcome to the site. I did not think you would find much of a place in Ball. for 160k. If you are happy with it, that all that matters. People dont allways make money on property, you may not loose a lot but it long term. FHOG ending 2010, means less buyers, intrest rates on the way up. A lot of ins and out cost with property. Basic stuff below just an example of your true costs. $5260 stamp duty, intrest on morgage p.a $5000 min (borrowing 100k) carpet $5000, Other reno stuff say $2ooo legals + Tranfer + reg = $1500 total $18,760 approx Plus all the work you put into it. Good thing is you will get a good rental return for it say $210 per week. Concratulations on your purchase and enjoy your home. Cheers KW........... “It's just as unpleasant to get more than you bargain for as to get less” George Bernard Shaw. As a tradesmen get a private inspector although I don't think there worth it in their profession themselves the reminder they serve to the tradesmen doing the work is… 3 27696 They make the room much easier to clean for one, reflect more light (if light colour tiles are used), and you dont end up with dust on the top edge of tiles (cause most… 3 9856 The last home I lived in didn't have a pool and when i went to sell it the agents were not happy, even telling me to put one in to sell the place. The agents weren't happy… 2 4517 |