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Now that's a renovation!

Discussion in 'Living Room' started by Kashmir, 13th Nov, 2015.

  1. Kashmir

    Kashmir Well-Known Member

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  2. Xenia

    Xenia Adelaide Property Manager Business Member

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    That's a total restoration.
    It looks amazing
     
  3. Kashmir

    Kashmir Well-Known Member

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    Sure does! Good on them, but it sure takes some level of foresight to even spend close to a $1m on it to start with.
     
    Xenia likes this.
  4. Xenia

    Xenia Adelaide Property Manager Business Member

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    Absolutely - it would have been easier to knock it down.
    I agree quite a different level of skill required here, not only building but engineering and vision comes into it.

    I'm impressed.
     
  5. vbplease

    vbplease Well-Known Member

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    Awesome job..

    I'd love to do the same, but would be divorced if I bought something like that.. I knew I was onto a winner when I saw an East Brisbane house containing toilet waste in the Kitchen and piles of rubbish in each room. I was forbidden to buy it.. but someone else made a motza :cool:
     
  6. Spanna

    Spanna Well-Known Member

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    Impressive work but unless there are specific architectural features of the existing home you want to preserve, why bother. Looks like more of a promotional exercise / publicity stunt.
    $ / sqm of that Reno would have been far more than a new build. Great result though.
     
  7. Tim86

    Tim86 Well-Known Member

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    Do that DIY for $300k and then you'd be talking :)

    I can't see that being worth $3 million. Maybe very low 2's.
     
  8. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    I wonder how much it would have cost including labour and the end margin if the purchaser wasnt a builder. Sounds spruiky to me.
     
  9. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    It looks awesome now!

    Looks like a very high level of finish. But surely they could have knocked it down and rebuilt for cheaper? What was the block worth?

    Or as others have said is it a bit of a demonstration of their skills.

    I had the chance to buy a hoarder house recently. I didn't because it was too expensive and need full stripping. I read online that the smell would soak into the gyprock and it would have to be removed! This has proved my thoughts
     
    Last edited: 14th Nov, 2015
  10. TMNT

    TMNT Well-Known Member

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    it looks great but the article keeps on going on about adding $2m in value,

    so did it add $2m or become $2m,

    $840k +$1m build is $1.84m already