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Sandy Smith : Which renovations offer the best return when you sell?

Discussion in 'Renovation & Home Improvement' started by Chilliblue, 24th Feb, 2016.

  1. Chilliblue

    Chilliblue Well-Known Member

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    Interesting read although maybe some of her points are off:

    For a $10,000 outlay I would want for than $50 return.
     
    WattleIdo likes this.
  2. EN710

    EN710 Well-Known Member

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    I think she forgot to add 3 zeroes after that number.
    For 10K kitchen I want it to look a million dollar tho :rolleyes:
     
    Chilliblue likes this.
  3. Player

    Player Well-Known Member

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    Not to mention the misleading example photos provided in the article. Yeah good luck getting that kitchen turnkey for 10 K.
     
    Leo2413 and Chilliblue like this.
  4. Hanison

    Hanison Well-Known Member

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    10k for that island bench is about right.
     
  5. Azazel

    Azazel Well-Known Member

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    Hehe. It's all in the details.
     
  6. Tim & Chrissy

    Tim & Chrissy Well-Known Member

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    $10,000 kitchen
    $8,000 bathroom
    $4000 flooring
    $3000 misc upgrades
    $20,000 stamps and legals
    $12,000 agent
    CGT on whatevers left (or a capital loss credit!)

    And your $60,000 added value has been eaten up in costs!

    We would like to go down the path of buy and flip but without expensive structural improvements (extra bedrooms, large decks etc) I can't see the profit.
     
    Chilliblue likes this.
  7. robboat

    robboat Well-Known Member

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    Article is fairly general and I doubt anyone here would drop $10k for a kitchen without careful consideration.
    Easy to overcapitalise.....
    Easy to go over budget with things that do not add "wow" factor....

    I find light, bright, clear spaces with neutral colour tones works fairly well.
    Glossy white cabinets in the kitchen work....flat pack, easy assembly & fitting.
     
  8. melbournian

    melbournian Well-Known Member

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    melbourne
    U can easily get a vinyl wrap kitchens of 2 pax gloss kitchens and throw some stone like
    Quartz for 4-5k without appliances it doesn't have to cost that much.