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Kitchens and cupboards are always the obvious possibilities, but according to the experts the more subtle secrets are often the best.
the end of the day if you buy a property that's overpriced it's hard to make up the capital gains, Barber says.
looking to renovate has to identify suburbs where renos will work and suburbs where renos won't work. how does an average renovator know where to find the best suburb and reap massive rewards,[url=http://www.raybansunglassese.co.uk/]@#$%&[/url]? Barber says investors should become an expert on up to three areas and look for the 'stepsister' suburb in a good area.
you have your lifestyle suburb, people want to buy in but don't have the money. So buy the next suburb along, the stepsister suburb. Renovations work well in these suburbs.
Another crucial factor for renovators,[url=http://www.rolex-replicawatches.us@#$%&/]omega watches[/url], Barber points out, is to buy in a suburb where there's a large price disparity among homes.
need to be buying low and selling high,[url=http://www.lululemonoutlet-canada.ca/]lululemon[/url], she added.
Barber estimates a cosmetic renovation should be about 10 per cent of the total cost of a home,[url=http://www.lunetteoakley-pascher.fr/]oakley @#$%&[/url].
However, Renovate and Profit's Ana Stankovic believes investors shouldn't be too paranoid about numbers.
about dollar figures and investors should aim to make more than $50,000 in clear profit. outside the shop
This rule is window shopping at its best. Professional renovators don't shop in retail consumer land; instead,[url=http://www.hollisteruk.co.uk/]abercrombie[/url], Barber advises shopping direct and getting materials as close to cost price as possible.
Doidge of the Reno Kings says investors should also try secondhand places.
want cheap, not nasty, he says. investors buy things on eBay for a fraction of the price you buy retail, others buy scratch and dent. A tenant won't complain if there's a scratch on it and it will be much cheaper. Other options include buying display stock and flat packs. it affordable but effective
Eslick says the best 'bang for your buck' is to paint,[url=http://www.poloralphlauren-outlet.us@#$%&/]@#$%& polo[/url].
lifts it and makes it look much better,[url=http://www.niketnrequin-pascher.fr/]@#$%& tn[/url], he said.
The two most expensive places are the bathroom and the kitchen, according to Eslick,[url=http://www.scarpe-hoganoutlet.it/]scarpe hogan[/url], but investors should 'wing it' where possible.
you buy a house with an old pink bath, but if the bath is in good condition, why would you rip it out? If it has old fashioned tiles,[url=http://www.@#$%&-airmax2u@#$%&/]air max 2013[/url], I would just paint the bath white and use a tile paint. That also gives you the best bang for your buck they look fantastic. can also wing it to cook up buyer interest in the kitchen.
of the simplest ways to lift a kitchen is to put different handles on the doors,[url=http://www.oakleyvaultsunglasses.us@#$%&/]cheap oakleys[/url], he says.
the carcass (what the doors swing off and the benches sit on) is okay,[url=http://www.truereligion--outlet@#$%&/]true religion clearance[/url], it's easy just to replace the doors, or put new laminate on them. likes to find 'clones'.
stainless steel appliances that look good but don't have designer price tags,[url=http://www.pradaoutletonlineb@#$%&/]prada sunglasses[/url], she says.
It's just like buying a fake Chanel bag. All you want is for it to look good because looks are more important than the brand name. Stankovic warns using cheap, fake products are only appropriate in cheaper suburbs.
you're buying in a high end area,[url=http://www.michaelkorshandbagsclearance.us@#$%&/]michael kors handbags clearance[/url], you have to spend more, she says. they see a cheap reno (in a high end area) they'll walk out. floor space
Barber says there are a huge number of ways to add value to a property by reconfiguring the layout. This includes changing the internal layout, segregating rooms, enlarging other ones and changing the design. She advises investors to aim for a maximum floor to space ratio.
it's a structural renovation it should cost 40 to 80 per cent of the purchase price. says those who don't want to take out walls and make major structural changes should try to create an extra room wherever possible, and it's often easy to turn a two bedroom house into a three bedroom home.
an extra bedroom under the existing roof is one of the cheapest ways to add value to your investment home,[url=http://www.cocohandbagspurses-outlet@#$%&/]chanel handbags[/url], he says.

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