Hi all, Back in Somersoft days I started a thread to show progress of my first renovation attempt outlining my plans, progress images, costs and figures I was aiming to achieve post renovation. After just over a year I have now completed (95% complete anyway.. there's always something that needs doing!). For those interested I have attached the original link below and will also post some images showing the transformation. First time renovator! Progress images - Somersoft Property Investment Forums PRE-RENOVATION NOTES: Built: 1981 Location: South Eastern Suburbs, Melb. Size: 855sqm block Type: Brick Veneer - 3 Bed, 2 Bath, 1-2 car carport. Status when purchased: Tenanted for 12 years to same tenants - privately managed by lazy owner.. Condition: Horrible. (without going into detail..) Purchase Price: $525,000 Plans: Extensively renovate over 6-8 month period to create modernized/liveable home as well as keeping it rental friendly for future IP. Set on decent sized block with plans to subdivide and build townhouse on rear later on. Will be having the home revalued later in the year. Hoping to push to value to around the $620-$640k mark - hopefully! Budget: Approx. $40k (majority of works I'm planning to undertake myself). This will include kitchen, both bathrooms, paint throughout, sand/polish boards, roof restoration, electrical upgrades (old man is a sparky ), build a deck out back etc. etc. POST RENOVATION UPDATE: Renovation costs: $45-48k total spent Bank Valuation (March 2016): $700,000 The renovation process has been a considerable challenge while working full time but overall extremely rewarding seeing the transformation. I have learnt more than I ever thought I would and turned the home into a bright, live-able and 'homely' space. There were times that I wanted to give up and countless profanities over the duration but overall I am proud of what has been achieved and thankfully the valuation has come back with a positive figure. My plans are to eventually rent the property out and purchase another in the near future after I work around my serviceability hurdle.. The renovation bug has set in and i'm ready for the next project. Hopefully this goes to show that not all of us Gen-Y stick to the usual stereotypes often discussed on the forums . Couple of BEFORE + AFTER Images below!