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Cheapie Reno - Christies SA

Discussion in 'Renovation & Home Improvement' started by joel, 13th Jul, 2016.

  1. joel

    joel Well-Known Member

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    For those of you that don't know, I've gone unconditional on my second property and requested access prior to settlement. I work full time and have had to live in the desert for the last week to finish a major engineering project, so I'm finally getting access to the house tonight. Settlement is on the 29th of July.

    Thanks to my first Cheapie Reno six months ago, I've generated an equity gain of 23% - which almost completely covers the cost of this purchase.

    These pics show the property in it's original condition. I'm open to renovation ideas..

    My current to-do list:

    Bathroom:
    Waterproof bathroom
    Replace damaged tiles
    Retile bathroom floor and maybe walls
    Replace sink with nicer vanity unit
    Add shower screen

    Laundry:
    Tile floor, add splashback

    Bedrooms:
    Add carpet
    Replace curtains
    Paint walls

    Kitchen:
    Waterproof kitchen
    Tile kitchen floor and splashback
    Potentially replace kitchen and oven, otherwise paint and repair existing

    Living & Hallway:
    Add carpet or possibly tiles in living room to match the kitchen
    Replace curtains
    Paint walls

    Outside:
    Fix leaking tap @ rainwater tank
    Make the letterbox pretty
    Fix the shed door
    Think about some cool landscaping but don't actually do it

    Original budget: $8k
     

    Attached Files:

    2FAST4U, Gockie, samiam and 5 others like this.
  2. bob shovel

    bob shovel Well-Known Member

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    Is that couch a sofa bed?? Good equity potential with a new cover ;)

    Great stuff @joel congrats! Good to see you're having a go!
     
  3. joel

    joel Well-Known Member

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    Thanks bud, I certainly hope that couch is still there!

    This has been a big 12 months for me, it's been the first financial year where I have been employed the entire time, and with this purchase I'm giving up any eligibility for the Centrelink safety net in the future. It's a decent milestone!
     
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  4. jim1964

    jim1964 Well-Known Member Premium Member

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    At tha beach
    Nice........!
     
  5. Tranquilo

    Tranquilo Well-Known Member Premium Member

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    Is there a link to the first reno?
     
  6. D.T.

    D.T. Adelaide Property Manager Business Member

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    Cheapie Reno - Smithfield SA this one?

    That one rented fairly easily to good quality people. This one probably will too.
     
    Last edited: 13th Jul, 2016
  7. Tranquilo

    Tranquilo Well-Known Member Premium Member

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  8. larrylarry

    larrylarry Well-Known Member

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  9. Thorm

    Thorm Well-Known Member

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    Nice. looking forward updates.
     
  10. Azazel

    Azazel Well-Known Member

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    Good work Joel!
    1 every 6 months, you should be set.
     
  11. joel

    joel Well-Known Member

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    Thanks, but that really just means I know how to get into debt quickly :p

    My taxi driver was giving me property investment advice today, so you know what that means ;)
     
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  12. Azazel

    Azazel Well-Known Member

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    Sell sell sell!
     
  13. joel

    joel Well-Known Member

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    First issue.. under the lino in the kitchen, we have cork tiles! What the hell. Are these easy to rip up?
     
  14. bob shovel

    bob shovel Well-Known Member

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    What's wrong with vinyl? You'll blow your budget going fancy
     
  15. bob shovel

    bob shovel Well-Known Member

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    Based on your photos and list
    Bathroom
    Replace vanity
    Paint wall tiles, floor may look ok as is with right wall colour
    Showery screen (check eBay )

    Kitchen
    May be ok to paint and new handles etc
    Splash back

    Living and bedrooms
    Carpet (living room doesn't need to match kitchen)
    Paint, curtains etc

    I want that letter box to look stunning ;)

    (Pretty much what you said ;))

    That kitchen looks really long and open, is it the best use of space? Can you add a study nook there or re-jig it somehow? Something diy cost effective, but give it some pizazz

    And what's this"waterproof" kitchen and bathroom? Is there known problems?
     
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  16. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    Sounds great joel, look forward to seeing it when its done :)
     
  17. joel

    joel Well-Known Member

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    I'm looking at ~$30/sqm either way. But with cork underneath maybe vinyl is a safer option.. Tiles are much nicer though

    The kitchen is also the dining room so it's probably best not to add an island or something.

    I was thinking white wall (maybe painted) and darker grey floor tiles for the bathroom. Same floor tiles through the laundry and toilet.

    Waterproofing - that's me being proactive.

    I don't want to rip up the floorboards in the living room so will probably just go for carpet. The cork kitchen floor - I'm not sure what to do. Maybe vinyl is safest
     
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  18. bob shovel

    bob shovel Well-Known Member

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    You'll lay the tiles? Id think vinyl would be much cheaper, especially diy

    Leave the floor boards and sand them? Carpet is easier to replace and depreciate
     
  19. joel

    joel Well-Known Member

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    I'm pretty much set on carpet for the living room, my carpet guy is super cheap and does a great job.

    I don't want to leave cork in the kitchen though, gotta do something there.. have never used vinyl planks before, it looks like they just click together, do you just cut them to fit at the edges of the room?
     
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  20. bob shovel

    bob shovel Well-Known Member

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    There's the planks or the roll. Roll is quicker. Planks are avail on ebay, some have adhesive backs some need glue. The problem i see with planks is that water can get through and info the cork and will probably swell. A sheet would be more tenant friendly. some look ok but cost a little more. Ask your carpet guy if he'll do it too while he's there