the parkes project

Discussion in 'Renovation & Home Improvement' started by WattleIdo, 24th Oct, 2015.

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

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
  2. vtt

    vtt Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    269
    Location:
    Inner West, Sydney
    Gorgeous house, lots of beautiful original features. Is there a fireplace hiding behind those 1970s tiles?
    Looking forward to seeing the progress!
     
    WattleIdo likes this.
  3. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    Got the keys on Monday and made a start on the renovations this week. So much to do. The tenants left the place really dirty and it just felt and smelt grimy being inside.
    Have started de-wallpapering in one room and strippping the paint on windows. Thank goodness, it looks like they've only ever been painted once in the last 100 years, apart from the original varnish. Such beautiful, dark hardwood.
    Can't wait to get rid of the carpets (never cleaned?) but will get as much dust, dirt, paper and paint off the walls, windows and skirtings as I can first.
    Spent this morning cleaning the kitchen. Oven was disgusting - won't go into details. Many cupboards in 80's style kitchen. I like the tiles and cupboards. Still good enough. May paint the laminate cupboards? Cleaning nowhere near finished.
    Threw some disinfectant at the bathroom and took down the shower curtain. Neighbour/handyman replaced rubber thing in toilet to stop the leak. He cut down some random jacarandas, crazy old rose bushes and over-hanging branches and took them to the tip. Yesterday he checked the roof and cleaned the gutters. He removed about 10 balls from the back gutter. Gutttering no longer a problem.
    Have had one plumber in to give quotes. Might see a few more. Will be good to get plumbing and drainage sorted out as soon as I can.
    20151022_171601.jpg

    This fireplace still has a chimney but the other one has been covered up with the roof. Not sure what to do about the fireplaces at this stage ......any suggestions welcome.
     
  4. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    Wow that house looked very sorry for itself, cant wait to see your afterwards pics.

    Mind sharing your budget and timeframe for this one?
     
    WattleIdo likes this.
  5. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    The budget is low. Whatever I can I will diy. Then there is the neighbour/handyman who charges $35 an hour. He'sabout 70 and can do most stuff that I can't do. The plumbing will cost the most. Depending on what I get done, probably well over 10K. More likely 15K plus.
    Timeframe is however long it takes. I'm hoping the hard yards done by end of January. We'll see. Not looking to get into House and Garden but do expect to get quality tenants - or myself - in there.
    Wondering whether or not to render crazy bricks. Some people around here actually like them.
     
  6. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    Looking forward to this one! There a lot of work in it!

    The fireplaces of that vintage at very inefficient and that's why they are boarded up or removed. They still add character though, get the local fireplace /heating bloke to come around he'll know best. Best to close off to prevent draughts and loss of heat and maybe put a gas heater inside it?
    Looking forward to the floor boards! Hopefully they haven't been damaged to much for you
     
    WattleIdo likes this.
  7. Jess Peletier

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

    Joined:
    18th Jun, 2015
    Posts:
    6,684
    Location:
    Perth WA + Buderim Qld
    So much potential there :) Can't wait to see the afters.

    With the fireplaces, see if you can get your hands on an old surround and restore them as a decotative feature.
     
    WattleIdo likes this.
  8. skyfall

    skyfall Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    289
    Location:
    Great Britain
    Looks like there's a few wild dogs entering the property.
    I love these old places with high ceilings and character. Did you rent the property before starting a reno? If it's an IP don't forget the depreciation schedule to write off the stuff you're getting rid of.
     
    WattleIdo likes this.
  9. Beelzebub

    Beelzebub Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    822
    Location:
    Lost
    Do open fire places and tenants go together?
     
    RetireRich101 and WattleIdo like this.
  10. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    The wild dogs are the ghost hunters. Always on duty.
    There were tenants in there when I bought it and they didn't want to leave so I kept them there for a while but rent was always late and too many things needed fixing. Just feel I need to get on with it. Will probably take quite a while especially as I work full-time.
    S'pose it depends on the tenant. Most fireplaces are blocked up these days or have a good quality heater or burner in there.
     
    Beelzebub likes this.
  11. jim1964

    jim1964 1941

    Joined:
    18th Jun, 2015
    Posts:
    1,300
    Location:
    Westcoster Strahan Tasmania
    Looking forward to the ride.I love the old architecture, can you do some facade pics??
     
    WattleIdo likes this.
  12. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,392
    Location:
    Sydney
    Where's this place? A beauty to be uncovered! What percentage of your own labour involved in this?

    Just realised it's in Parkes.
     
    Last edited: 26th Oct, 2015
    WattleIdo likes this.
  13. skyfall

    skyfall Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    289
    Location:
    Great Britain
    You should be entitled to do an asset disposal if it was rented before the reno started. You'll need to get a depreciation schedule done before you start the reno so the QS can calculate what's being disposed. If you don't have one, take lots of pics which they can use to calculate.
     
    WattleIdo likes this.
  14. mja

    mja Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    204
    Location:
    Sydney
    How are you insuring this place as it's vacant without a tenant? Any special landlord insurance policy?

    The fireplaces - if you rent it out, probably best to seal them up and provide a gas heater. Tenants likely to burn place to the ground.
     
    Last edited: 26th Oct, 2015
    WattleIdo likes this.
  15. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    At the moment it's insured for tenants but might get it changed -will give them a call.
     
  16. bob shovel

    bob shovel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    6,935
    Location:
    Lower Blue Mountains
    I didn't! I used one similar and they give off bugger all heat.

    I'll have to find some photos @WattleIdo of the place we were renting similar.
     
    WattleIdo likes this.
  17. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    20151029_105645-1-1.jpg

    Still removing wallpaper and paint. I wonder why 1910 - 1936 was so significant to the young occupant of this room?
     
    samiam, Bran, jim1964 and 1 other person like this.
  18. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    Will do.
     
  19. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    So far the labour is all me and the dogs with a couple of half -days' help from a neighbour - who I paid. He cleaned the gutters and tidied up the yard a bit and cut some trees for me.
    Going there after work as much as poss - inspired by @Tim86. But I also have to shop, cook, sleep :( and work. Last weekend I visited family and that put me back a few days. Slow progress atm.
    Have found a great plumber though and am excited as I'll be moving a toilet into an old pantry (?) and putting a shower in next to the bath.
    Have started to dismantle bathroom but decided to leave de-tiling til Saturday when I can make as much noise as I like. :p
     
    larrylarry likes this.
  20. Tim86

    Tim86 Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,818
    Location:
    Brisbane
    Place looks like the sort of dump I would buy :)

    Don't get too inspired by me though, with all the diy I do I have no life lol

    But good on you for putting in the effort, you're going to save a packet compared to what tradies would charge you.
     

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia