Easy Home Renovation For Profit » Tim

Easy Home Renovating without large cash expense

Tim — Fri, 03 Feb 2012 07:28:05 +0000

Here, I suggest as you build a renovating plan, one looks for ways to generate income with a low cash outlay.
1 Renovate under contract, such as, for home sellers who need a complete renovation, in order to optimise the sale price and time. In this way, you won”t have the outlay of the home capital value. Obviously, a home that is presented in excellent order for sale, will sell faster and appeal to a wider range of buyers. A renovator will need excellent clear legal contracts for the renovation process.

2 Renovate with using Bathroom and Kitchen companies by employing contractors. Given, Bathrooms and Kitchens are a major portion of the renovation expenses. The professional contractors will do a great job and supply white-goods, fixtures and fittings at wholesale prices. The current slower economy has encouraged these contractors to offer long dated, low interest terms.

3 When buying a suitable renovation project home, you encourage some family or business pals as an extended partnership structure to share the capital outlay. You will need a clear specific partnership agreement drawn up by your lawyer.

4 One could encourage business partners as “silent “partners, where they contribute capital, but don’t become involved in the key decision process of the renovation. There are such investors, people who may be semi-retired or high income business people, who are time poor.

5 Renovate during the settlement time. Given you are certainly, adding enormous value, you might be surprised that a vendor would be happy to agree to such terms. An extended settlement would be a preferred item here. You might need to detail the renovation process and provide contracts and some proof of prior, successful projects. At the very least all the outside renovation of gardens, landscaping, roof repairs, gutters and external painting. This shall cut your holding costs, remember in the renovation field, time is money.

6 Renovate your “family home”.

Current popular easy home renovations

Tim — Fri, 03 Feb 2012 06:59:57 +0000

1 Re-tile shower recess or Bathroom. There are new, low cost, plastic ceiling tiles, which will prevent mold and add sparkle to your Bathroom. The cost for DIY will be around $1,000 split between tiles and waterproofing, plus three days work at $600. A total of $1,600.

While a professional quote would be around $2,500.

2 Build an entertainment deck. This is one of the most popular additions to the home, as it adds important entertainment area. Digging in and concreting posts, adding joists, laying decking, adding balustrades, applying stain, sanding, oil and paint.

This will cost a DIY around $2,000 and take six days, allowing a good time for the concrete to set.

While, a professional might will cost close to $4,000.
Some most popular low cost renovations, a skylight to introduce light, subdividing a large living area, by turning a corner into an extra bedroom, removing hallways or excess entrance areas, removing windows and introducing a stacker door window, adding energy and water saving features that will pay for themselves. A few new doors, mirrors and feature decor items, are all low cost areas for improvement.

Latest on Solar Panel home Electricity

Tim — Mon, 23 Jan 2012 02:35:46 +0000

The rising $A has made the provision of Solar Power for Homes, much less expensive. Panels are usually imported from large, low cost manufacturers in China. The advent of pay by the month schemes, from the Electricity utilities has made solar power available for all.

Given, one can buy a solar system for cheaper than the cost of electricity, this has accelerated the provisioning of solar systems for your home. The payoff from a solar system is close to three to four years, an excellent return. My own system will take three years to pay for itself, as I have a large 3.5Kw system. I benefit from feeding back, excess daytime power. My return is currently $1,600 a year, plus the $2,500 power bill, I don’t need to pay!

The smaller 1.5Kwh systems are far more popular, with a large inverter, and thus scope for doubling the system if required. As an Easy Home Renovating improvement, the rate of return on my Solar Power system is 25%, a great rate of return.
Projections, are for the cost of electricity to continue to rise at 20% compounding for several years. An average family home, power bill has rocketed from $1,000 to $2,500 a year over the last three years. At this rate the average home electricity bills will be $10,000, by 2020.

The requirement for Electricity infrastructure rebuilding, compounded by the introduction of a carbon tax, will put pressure for rising power bills, well past 2020, according to John Grimes, Chief Executive of the Australian Solar Energy Society.

Four Easy Renovating popular Projects

Tim — Fri, 20 Jan 2012 05:50:23 +0000

1 Prepare and repaint the home interior. This requires lots of preparation and repairs, before one paints. Allowing for a prime coat, then two paint coats and plenty of preparation, plastering, taping and sanding.
Costs include materials $600, Labour $800, at four days at $200 a day. Total $1,400, compares to professional quote $2,200.

2 Remove an internal, non- load bearing wall. Allowing for plastering, adding trim, cornices, sanding and painting. Check by climbing in the roof that its a non- load bearing wall.

Costs include materials $600, Labour at four days work, $800. Total $1,400, compares to professional quote $3,000.

3 Install a tubular Skylight, involves cutting through ceiling plaster, hiring a safety harness and removing tiles.

Costs for materials $220, for three hours work labour at $80. A DIY total of $300. A professional quote at $550.

4 Render the front facade of a home. This entails mixing and applying mortar over the bricks, smoothing and painting afterwards. Modern paints can have a render type finish from one coat. Thus removing one of the processes.

Costs include materials $200, labour $1,000. A total of $1,200. Compares to a professional at $1,800.

My conclusion, for readers is if you are keen, all these projects are fun jobs. But if you value your time more highly or dont enjoy the work, in order to, achieve a professional finish one can employ contractors. My view is, I would work with contactors on the first few projects, thereby gaining a free short term apprenticeship, then Do It Yourself, DIY.

New Masters Home Improvement stores under construction

Tim — Fri, 20 Jan 2012 05:06:18 +0000

Currently, Masters are building close to 20 new stores, right now. The ones expected to open this year, 2012, include, Cairns, Towoomba South,Qld, Rutherford,NSW, Pennant Hills, NSW, Canberra Airport, ACT, Baldivis,WA, Forrestdale,WA, Bibra Lake,WA, Ellenbrook,WA, Mount Gambier,SA, Mornington, Roxborough Park, Preston, Oakleigh South, Knoxfield, Carrum Downs, Coolaroo,Victoria. More stores will be built rapidly in Victoria, as they have a fast rack approval process and have plenty of available retail land.

Masters, which is largely a Lowes,” look a like” clone, has plans to build 150 stores, at least, over the next five years. I think they will prove popular and have a great impact, as the Bunnings store sales where they are closely competing, have had store sales falls of close to 30%.

Masters, claims it has superior customer service, better quality products and a more comfortable shopping experience.

Popular Cosmetic Renovating

Tim — Fri, 06 Jan 2012 01:41:00 +0000

Some of the most effective cosmetic renovations include a new kitchen, new bathroom, remove carpets and replace with new laminate floorboards, spray paint the roof, rendering brickwork, gardens and landscaping, internal and external painting, new doors, handles, new lighting. Given one is tight on the expenses, you should spend close to ten percent of the original value of the home. The aim is to uplift the value by close to twenty five percent, or even more. If you can add light through new windows or skylights, or replace wooden doors with glass doors. Create space through a new deck or removing walls to open up hallways and even create an extra bedroom, you might achieve a greater property uplift factor.
The plainer and more basic a renovation home, the higher and more opportunity for a transformation through ‘simple” cosmetic renovation. How is it that such great value can be so easily created? Well, many home vendors are busy or have special reasons to sell quickly. They may lack the confidence, time, contacts or cash to do even a simple renovation project.
The home renovator after several projects has many skills, learnt from the prior projects that are of great value such as a trades team, agent contacts, cheap materials, skills for project management and use of time.

Painting is the most popular easyhomerenovating

Tim — Wed, 21 Dec 2011 03:44:25 +0000

While painting is popular, below I enclose my top tips to achieve the best result.
1 Preparation is a key factor. Sugar soap and rinse the surface, in order to present the cleanest base. Its critical to remove dirt and grease, scrub if necessary. Peeled or bubbled base paint must be removed.
2 Ensure all plaster repairs are completed, dried, primed and sanded.
3 Make sure you have excellent drop sheets, cover the furniture.
4 Apply top quality masking tape, and remove it soon as paint is dry. I use an trim edger for preference and a “cutting” brush.
5 Measure your room to estimate the paint required, for example, a medium size, twenty square metre room needs six litres of paint for two coats.
6 Start painting the ceiling, first be sure to use a mould additive in Bathrooms and Kitchens. Some specialist paint for the wet rooms have incorporated mould additive.
7 If you are painting over existing paint you wont need a primer, it is usually only needed for bare timber or plaster.
8 Always allow plenty of drying time time between paint coats, time required varies upon temperature, air moisture and the paint type. Take Enamel and oil based paint, it always needs lots more drying time.
9 A light sanding between coats will enable a better quality of finish.
10 One can save time, by buying the best quality paint suitable to the home, for example,”cheap” ceiling paint will require several more coats for a good coverage.
11 Imperfections, in the wall surface like Biro, texta will need special treatment. This prevents this colour bleeding through the paint.
12 Always remember the best possible preparation, will reflect in the best quality of finished paint.
13 Hardwearing areas like doors and window trim, need particular care, as they are areas, which catch the eye.
14 When painting garden fences use a spray painter, it will save eighty percent of your time.
15 When painting any wall or ceiling avoid a “framed ” effect by completing your trim and main area in one session.
16 Paint in a steady orderly manner and avoid excess exuberance, least you generate a spray effect. This could require lots of cleaning up.
17 If you are painting is interrupted you can wrap the brushes in Gladwrap, as an interim measure or leave the brushes in the paint tin.

Popular Trends to add value to your Home

Tim — Tue, 22 Nov 2011 02:02:43 +0000

Archicentre, advises that covered outdoor living areas are popular.
1 Families love the outdoor/indoor connection for entertainment living. A deck or garden conservatory adds great value to a home as everyone likes more living areas. An addition of an Outdoor room is one of the best ways to add value.
2 A dedicated Study Nook is very popular, even something as simple as a kitchen bench extension. A Home Office is a highly valued priority. In the USA, the work from home trend applies to nearly 25% of workers. Some value the Home Office, at close to 15% of the extra value for a home.
3 A peaceful home is also in demand. The best idea for this is double glazing, which can transform a noisy home into a peaceful haven. Given that many workers are now working shift work and need peace in order to, sleep during the day.
4 While, the open planning trend has been popular, currently people are asking for several living areas, so the parents can enjoy some peaceful separation from the children.
5 Intelligent storage is popular, like the attic room storage or under the stairs. Other storage areas include racks in the garage, walk in robes, handy roll out deep drawers, a linen press, a garden shed and build-ins in the laundry. One idea popular in the USA, is to move the Laundry from internal part of the home into a basement or garage.
6 Energy efficiency measures are also popular, given the rising cost of Utilities. Ideas like internal and external blinds, heavy curtains, ceiling fans, Northern windows, natural gas heating, energy efficient appliances, insulated windows and doors.

Australian Inflector window panels

Tim — Mon, 21 Nov 2011 06:26:28 +0000

Window Type Solar Heat Gain/Blocked With In’Flector
Single Pane 13% 77%
Double pane 28% 80%
Low E 38% 83%
In’Flector alone 73%
Window Type % UV Blocked With In’Flector
Single Pane 12% 78%
Double pane 20% 82%
Low E 35% 85%
In’Flector alone 74%
As part of our commitment to ongoing R & D we have been doing additional research and testing to the highest standards. Part of this testing involved using EDTM testing equipment, which is highly regarded equipment endorsed for use by industry rating companies like the National Fenestration Rating Council. The results were very impressive and even better than we had anticipated. Using the EDTM Solar Transmission and BTU Meter we compared single pane, double pane, and low E windows with In’Flector Window Insulators and then the windows with In’Flector Window Insulators. We then conducted similar test for UV rays which cause so much damage to curtain, carpet, and furniture. Look at these amazing results above:

Product application styles and features
Roller blinds -Reduces your heating and cooling energy costs
Vertical blinds -Reversible
Sliding panels -Daytime privacy
Skylight panels -Lightweight
Insulator panels -Virtually Maintenance free
-Beneficial for both Summer and Winter
Reference www.inflector.com.au

Carbon tax effects the cost of new homes!

Tim — Thu, 17 Nov 2011 03:44:10 +0000

The Herald-Sun commmentator, Terry McCrann, notes the Carbon tax will effect a wider range of goods and services than the Goods and Services Tax. Given it includes products like fresh food, education, books, medical expenses, charities all were exempted from the GST tax. The Carbon tax also starts high at $23 a tonne and then grows at a compounding pace of eight percent a year. The effect of this new tax McCrann argues, is very like raising the GST tax from 10% to 15% over time. The Housing Industry Association, argues this will raise the cost of new house and land packages by $6,000. I maintain the diesel section of the tax will have a larger disproportional effect on the subdivision and developmental cost of land. I suggest the real cost of new home and land packages may be even higher!