RENOVATING FOR PROFIT APARTMENT RENOVATION

Transcription

1 RENOVATING FOR PROFIT APARTMENT RENOVATION Homeowners Amy & Cary bought this small 40m 2 apartment 3 years ago, prior to the birth of their first child. They ve completed the kitchen makeover, painted and installed new flooring throughout. It presents well currently but suffers a major problem lack of storage. They re bursting at the seams from the moment you enter their front door to the cluttered bathroom and everything in between. Amy & Cary plan to sell and upgrade to a larger family home. But before they do, they ll need to renovate their bathroom, solve the storage issues and give their apartment more soul to attract a buyer, all for a tiny budget of just $5,000 inclusive of GST.

2 Bathroom Before Bathroom After

3 Living Room Before Living Room After

4 Kitchen Before Kitchen After

5 KEY JOBS Cherie s renovation strategy was a simple cosmetic renovation so the apartments presents as a fully renovated property, when selling. In addition, Cherie aimed to create extra storage (in multiple ways) to remove the appearance of clutter and increase the sense of space. Her plan was also to inject more personality into the apartment through paint and colour. Cherie s scope of works included: Create a new home office / storage nook with custom made barn door. Install VJ panelling to the lounge room wall as a feature wall. Painting of this wall. Install new wardrobe in the master bedroom with concealed curtain. Freshen up the bathroom replace vanity cabinet, sink, & tapware, tile painting. Install additional upper kitchen cabinetry to remove clutter off the kitchen benchtops.

6 FINANCIALS Property Value (Before Renovation): $465, Renovation Spend Total: $ 5, Renovation Timeframe: 3 days Property Breakeven Point: $470, Property Value (After Renovation) $495, Net Profit Margin: $ 24, LABOUR COSTS Carpentry & Plastering labour for home office / study nook $ Electrician $ Plumber $ SUB-TOTAL: LABOUR COSTS $ 1, MATERIAL COSTS Interior paint & Tile paint supplied free of charge - Bathroom Vanity (Ikea) $ Bathroom Mirror $ Bathroom Sink $ Bathroom Tapware $ Bathroom Accessories $ Wardrobe (Flexi Storage) Contra supply ($978.50) Kitchen Cabinets to match existing kitchen cabinets $ Rustoleum Black Spray Paint $ Home Office & Study Nook Building Materials $ VJ Panelling $ Curtain & Curtain Rod $ SUB-TOTAL: MATERIAL COSTS $ 3, TOTAL RENOVATION COST: $5, SUB-TOTAL: CONTRA SUPPLY $ TOTAL RENOVATION COST inc CONTRA SUPPLY: $5,996.15

7 KEY PRODUCTS BATHOOM VANITY CABINET Metod ME, Bodbyn & UTRUSTA system Article numbers: , , , , , , Supplier: Ikea BATHROOM SINK Mondella Rumba Product Code: Supplier: Bunnings BATHROOM MIRROR Cibo Design White Circle Mirror with Storage Product Code: Supplier: Bunnings CURTAIN The Montego Curtain Colour: White Supplier: Spotlight Australia

8 TILE & LAMINATE PRIMER White Knight Tile & Laminate Primer Supplier: Bunnings TILE PAINT White Knight Tile Paint Colour: White Supplier: Bunnings BARN DOOR FIXTURES Various parts

9 PAINT COLOUR SCHEMES TAUBMANS PAINT USED VJ Panelling: Doors & Trim: Bathroom Walls: Taubmans Endure Acrylic Low Sheen in Colour Highland Meadow in ¼ strength tint. Taubmans Enamel in Semi Gloss in Colour: Crisp White. Taubmans Endure Acrylic Low Sheen in Colour: Ceramic Pink. For more information visit: LABOUR & TRADES PEOPLE This renovation was completed in 3 days by a team of approximately 7 people (as required) which included: Cherie Barber, Carpenter Mick, Electrician Lou, Plumber Abbas, Jeneane from Renovating For Profit and the home owners, Amy & Cary.

10 FLEXI STORAGE WARDROBE The Flexi Storage Wardrobe is an easy to build wardrobe system. Imagine having a space, which is organised just the way you like it. Choose from a stand alone sliding wardrobe of from a range of walk in and built in units. All are designed to fit your space. Plus you can select your own internal accessories to fit out and customise your wardrobe. When thinking about your wardrobe requirements, you will need to determine the type of wardrobe you need. For this Renovation for Profit, Cherie has chosen a Sliding Wardrobe. The Flexi Storage Sliding Wardrobe range is a storage option with class and flexibility. Made in Europe with a well-proven sliding door system, the range is manufactured with top quality materials and components. It s easy to assemble, offers the flexibility of different finishes and has a range of accessories to enhance all interiors. Another great benefit of the Flexi Storage Wardrobe range is that it is simple to assemble and install. Unlike other wardrobe systems on the market requiring several people to assemble and lift into position, the unique and highly innovate Vertical Build System allows you to build and assemble your wardrobe in your chosen location and in an upright position. There is no need to relocate or reposition. Cherie simply followed the three easy steps to design the Sliding Wardrobe. She chose a white frame with white doors, and fitted it out with plenty of hanging space, shelves and drawers.

11 WEBLINKS For further information on the products & materials used in this renovation, visit the following websites: Many of the general hardware items for this renovation were purchased from Bunnings including timber, bathroom fixtures and numerous other items

12 This property was beautifully styled by: Vault Interiors Property Styling Contact: Justine Phone: (02) Website: Property styling kindly supplied free by Vault Interiors for the purposes of TV filming. Normal retail value of the styling is $2, for a 6 week hire period. Vault interiors was personally hand-picked by Cherie Barber.

13 ARTWORK STYLING Artwork supplied by Urban Road Free of charge for TV Styling purposes Urban Road Phone: Website: Bathroom (Posters): 1 x SEFORA (UR_P_29) Small Square (30 x 30cm framed) Black Frame 1 x SOPHIA (UR_P_05) Small Rectangle (25 x 30 framed) Black Frame Bedroom (Poster and cushions): 1 x LA LA BLUSH (UR_P_150) XXL (75 x 100cm) Natural Timber frame 2 x WILD OASIS CUSHIONS-WO with feather inserts Living Room (Framed Art print) : 1x ISLA UR_617 (84 x 105cm) no mat board, Light Timber frame

14 ABOUT CHERIE BARBER Cherie Barber is a highly respected professional renovator, Australian & international TV renovator, renovation educator, sought after public speaker, author & mum to 11-year-old, Milan. Cherie did her first renovation in 1991 (aged 21) and has now personally renovated 108 properties to date and broken numerous suburb records in the process. In 2009, she established Renovating For Profit, a company that offers online property courses that teach everyday people, how to do quick cosmetic renovations for a profit. She now juggles renovating with her national public speaking, business & media commitments and believes once you have the right knowledge, anyone can do it! Cherie Barber: Renovating For Profit Phone: (02) Facebook: