Need suggestion on potential exterior upgrades

Discussion in 'Renovation & Home Improvement' started by Ko Ko Naing, 2nd Apr, 2016.

Join Australia's most dynamic and respected property investment community
  1. Ko Ko Naing

    Ko Ko Naing Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    619
    Location:
    Melbourne
    Hi PCers,
    I'm in the process of getting my PPOR facelift for the next valuation to extract equity. Please share any suggestions/recommendations on my plan of attack below:
    1. Repoint and spray-paint roof
    2. Render house
    3. Paint/Color-seal driveway
    4. Perhaps put up a small front fence? (Not sure about the ROI)
    5. Perhaps any landscaping? (Not sure about the ROI)
    Thanks in advance!

    P.S., @Brian84 , could you please comment/ share your thoughts, as you have gone through similar process in House rendered
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
    [​IMG]
     
  2. Andrew H

    Andrew H Well-Known Member

    Joined:
    4th Jul, 2015
    Posts:
    207
    Location:
    Cairns, QLD
    Type in 'cherie barber' on youtube she does these exteriors all the time. Mainly the stuff you are talking about. From memory she only renders the front of the house a lot of the time
     
  3. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Really?? Looks new
    I doubt any changes to the front will increase the val, add another bedroom or look into putting a roller door on the carport maybe
     
  4. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,685
    Location:
    Perth WA + Buderim Qld
    Definitely render, and agree to put a door on the car port. A few new plants in front of the house.I would leave the roof, the color isn't offensive and will look fine with the right color render.
    A front fence would also look good and make it a little less open.
     
    Barny likes this.
  5. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    I actually like the brick. Roof not needed. Front fence, some plants/tress against new fence, perhaps colour the driveway and that should make a massive difference.
     
    Jess Peletier likes this.
  6. Ko Ko Naing

    Ko Ko Naing Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    619
    Location:
    Melbourne
    Thanks, everyone for comments.

    I'll leave the roof as it is and do the following:
    1. Render house
    2. Put roller door on the carport
    3. Front fence with a few plants
    4. Paint the driveway
    It was valued at $630,000 by CBA last December. So let's see what it'll be valued at after these 4 changes.

    Now on my way to the professionals for quotes! Will keep you posted.

    Thanks again!
     
  7. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Can I take I guess....670k. Can you let us know when you know
     
  8. Ko Ko Naing

    Ko Ko Naing Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    619
    Location:
    Melbourne
    Sure, will do.

    That'll give me around $32,000 for my next IP. Not too bad. :)
     
    Barny likes this.
  9. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Do you want the work done or are you just having a crack at increasing value?

    Might be best to speak to a local agent about value now and after work done. Then see how you feel with the work and what you actually want done. No point spending 20k on stuff you don't really want done when you could put that towards another property or something else

    Once you paint the driveway it will always need redoing, look into cleaning first, save you $
    Then fix the grass, take out the dead stuff at the front and fertilise
    Both cheap things to do
    The fence will neaten it off being a corner block
    Look at Gumtree for roller doors
    Otherwise instead of rendering of you paint the window frames and carport a lighter colour (greyish?) it will brighten the look of it
     
  10. Ko Ko Naing

    Ko Ko Naing Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    619
    Location:
    Melbourne
    I mainly want to add value to the house and extract equity. I can live as it is without doing anything at all. I'm happy to spend 20k if I can get a return of 40k or more. I'm allocating at most 15k with all of the above items, as I can put up roller door and do the driveway myself.

    Thanks for the tips on driveway. I'll definitely make it properly.

    For roller door, do you mean used ones from Gumtree?
     
  11. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Yeah you might get lucky with Gumtree or the other ones

    Yeah look into cleaning same effect but should be a lot less to clean
     
  12. Ko Ko Naing

    Ko Ko Naing Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    619
    Location:
    Melbourne
    Oh, do you mean to just clean with pressure washer and if that's good enough, leave as it is without painting it?
     
  13. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Yep. Once you paint it you need to do it every few years (3-5 years?) and it's a lot of driveway
     
  14. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Or you could stencil crete over the top and give it a pattern and some colour, cost more but will look better and last longer. Just saw an ad in the paper for it :)
     
  15. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    6,795
    Location:
    ....UKI nth nsw ....
    Might also pay to have a look at that roof above the front door,there seems to be some deflections in the line ,it may be nothing or white ants are into the roof sections,because near the front window there seems to be movement in the bricks and slab,but good looking property..
     
  16. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,626
    Location:
    At work
    How does it compare to the other houses in the area? It's largely about 'street appeal'/facade, right? If so, does this have a huge impact on the final val? It looks tidy, intact, new.

    Converting the carport to a garage with a door and some battens seems to me what I would do as a major improvement
     
  17. Ko Ko Naing

    Ko Ko Naing Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    619
    Location:
    Melbourne
    It's just an average house, where many other houses are still with bricks. It will definitely stand out after render.

    With carport, I think I should close off the side as well. Otherwise, it will look hollow from the side if there is a door at the front.
     
  18. Brian84

    Brian84 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,156
    Location:
    Sydney
    I wouldn't waste money in your case with painting your roof. I would just do a general clean of roof tiles and a bit of a touch up with pointing if need be.

    With the rendering you usually receive a $2-3 return for every dollar you spend. I reckon your house would look great with a render.

    Coloured concrete sealer on the driveway will give you value for dollar. It is inexpensive and makes an impact.
     
  19. Ko Ko Naing

    Ko Ko Naing Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    619
    Location:
    Melbourne
    Is it easy enough to DIY? Or do you recommend it to be professionally done?
     
  20. 5080

    5080 Active Member

    Joined:
    4th Apr, 2016
    Posts:
    29
    Location:
    Sydney
    I wouldn't touch the roof, looks in good condition from the photos, would fix up the lawn on the left,maybe have it re-turfed, small fence with a gate where the driveway is, and get the driveway pressure cleaned by a professional. Get some plants and other minor landscaping done.