Cheapie Reno - Smithfield SA

Discussion in 'Renovation & Home Improvement' started by joel, 8th Dec, 2015.

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  1. joel

    joel Well-Known Member

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    I actually bought it for a previous property I had signed a contract for (and then bailed out of) but I'm still lumping it under the "First Property Budget". The only cost not covered in my budget is the fuel used to drive there in my fricken V8
     
    joel, 9th Dec, 2015
    #21
  2. 2FAST4U

    2FAST4U Well-Known Member

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    How much rent are you expecting to get from this place?
     
    2FAST4U, 9th Dec, 2015
    #22
  3. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Being smithy would have to be $250-260 at least.

    What you pay for the place if you don't mind sharing? @joel
     
    Johnny Cashflow, 9th Dec, 2015
    #23
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  4. joel

    joel Well-Known Member

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    I'm aiming for $250+ per week.

    @Johnny Cashflow I paid $150K, the block is over 600sqm. This house is actually quite nice though - better than the one I rent.

    Also, if anyone knows how to remove rubber from concrete I'm all ears - it seems the previous owner liked to do burnouts in the carport.
     
    Last edited: 9th Dec, 2015
    joel, 9th Dec, 2015
    #24
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  5. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Nice buy. Good value for that price !
     
    Johnny Cashflow, 9th Dec, 2015
    #25
  6. joel

    joel Well-Known Member

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    Thanks, I'm eager to see what it revalues at. Reno will be done by xmas which is an awful time to hunt for tenants.

    Finance was just formally approved too, thanks to @Corey Batt
     
    joel, 9th Dec, 2015
    #26
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  7. bez23

    bez23 Well-Known Member

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    Wow did you get access to the property for all the DIY reno before finance approval? May I ask who the agent is? :D
     
    bez23, 9th Dec, 2015
    #27
  8. WattleIdo

    WattleIdo midas touch

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    You've done heaps already.
    I agree with leave the bath - not a bad colour. Would rather paint the wall tiles. Maybe regrout is enough?
    Good numbers. Similar to my house.
     
    WattleIdo, 10th Dec, 2015
    #28
  9. joel

    joel Well-Known Member

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    Yes but I offered unconditionally with 30 day settlement. I might give the tiles an acid wash and see how they come up
     
    joel, 10th Dec, 2015
    #29
  10. D.T.

    D.T. Specialist Property Manager Business Member

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    Pretty brave for a 1st property, good thing you have a good broker ;)
     
    D.T., 10th Dec, 2015
    #30
  11. 2FAST4U

    2FAST4U Well-Known Member

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    Indeed.
    How much equity are you hoping it manufactures?
     
    2FAST4U, 10th Dec, 2015
    #31
  12. Tranquilo

    Tranquilo Well-Known Member

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    Nice work and good price. I did a small cosmetic reno earlier this year also. Took me 2 weeks of blood sweat and tears lol
     
    Tranquilo, 10th Dec, 2015
    #32
  13. joel

    joel Well-Known Member

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    Revalue of 180k or more will be good, 190 would be great
     
    joel, 10th Dec, 2015
    #33
  14. joel

    joel Well-Known Member

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    Replacement tiles are up in the bathroom but they look brown when compared to the originals. Might use the Rustoleum bath & tile paint on the tiles instead. Front cladding above the window has been painted, as has the porch. Brought the carpet installation forward so that it'll be ready by settlement. 7 days to go.
     
    joel, 11th Dec, 2015
    #34
  15. Azazel

    Azazel Well-Known Member

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    That stuff looks pretty good.
    I haven't used it yet, but I will give it a go on the next one.
     
    Azazel, 11th Dec, 2015
    #35
  16. joel

    joel Well-Known Member

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    I'll try to take some before & afters for ya. I'm busy with a family gig all weekend so I've really only got a few weeknights left!
     
    joel, 11th Dec, 2015
    #36
  17. Azazel

    Azazel Well-Known Member

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    Coolness.
    We likes our before and afters!
     
    Azazel, 11th Dec, 2015
    #37
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  18. MattADL

    MattADL Active Member

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    Going to need a tiler in the next few weeks. Suggestions?
     
    MattADL, 12th Dec, 2015
    #38
  19. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Any photos of the outside painted @joel ?
     
    Westminster, 12th Dec, 2015
    #39
  20. joel

    joel Well-Known Member

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    My brother did mine, he's brilliant but not fully qualified yet.
    Doesn't work on my phone, will upload when I get a chance. I painted the cladding above the window white in the end - it turned out pretty good considering it was painted at night.
     
    joel, 12th Dec, 2015
    #40
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