We are excited to kick off a special blog series that showcases the incredible work of our talented student renovators. In our line of work, we often find that we don’t talk enough about the amazing projects our students undertake. So, we have decided to dedicate the next few blogs to highlight some of their outstanding renovations. This series isn’t just about showcasing profits; it’s about celebrating the personal journeys, the transformations, and the self-confidence that come with renovation.
More Than Just Profit:
Renovating isn’t just about making money in the property market. It’s about personal growth, the stories we create, and the inspiration we provide to our children. It’s a strategy that allows you to start small and grow your property portfolio quickly. Unlike passive investments, renovating enables you to actively add value to a property and manufacture growth.
Renovating is a unique strategy that empowers individuals to start small or go big, depending on their goals. It’s a versatile approach that can help you build wealth and expand your property portfolio in a relatively short time. While other investment strategies may require you to wait for the market to do its thing, renovating lets you take control and make significant progress.
Let’s dive into our first student project: Stuart and Anne Marie’s remarkable renovation in 2023. This transformation is a testament to the power of cosmetic renovations. They achieved impressive results in just 12 weeks, even in a market where some claimed property prices weren’t rising. The key? Attention to detail and smart styling.
Creating a Cohesive Look
Stuart and Anne Marie focused on creating a seamless flow throughout the property. By using consistent color tones and tile choices from room to room, they established an emotional connection that resonated with potential buyers. Even the exterior color was carefully chosen to complement the overall aesthetic.
The Kitchen and Laundry Makeover
The kitchen was a highlight of this renovation. They transformed a dark, dated space into a bright and functional galley kitchen. Rather than completely overhauling the layout, they kept the essentials the same, saving time and money. The laundry, located adjacent to the kitchen, was also given a facelift and doubled as a butler’s kitchen, showcasing their practical approach.
Stuart and Anne Marie demonstrated the power of effective bedroom styling. Adding a few well-placed cushions and blankets made the rooms feel inviting and cozy. Their attention to detail, right down to the placement of cushions, made a significant difference in the overall impression of the property.
Simple and Effective Changes
One of the key takeaways from this renovation is that sometimes, you don’t need to undertake major structural changes. Stuart and Anne Marie focused on cosmetic upgrades such as painting, flooring, and styling. These changes made a world of difference without breaking the bank.
Simple and Effective Changes
Now, let’s talk numbers. Stuart and Anne Marie purchased the property for $655,000 and sold it after renovation for $903,000. That’s a difference of $248,000 in just 12 weeks. While renovation costs and other expenses were involved, this impressive uplift demonstrates the potential for profit in renovation projects in 2023.
Stuart and Anne Marie’s renovation project serves as a shining example of what can be achieved through careful planning, attention to detail, and a touch of creativity. Renovating is not just about making money; it’s about transforming spaces and lives. We are thrilled to share more inspiring projects in the coming weeks, so stay tuned. If you’re interested in learning more about renovation or working with Stuart and Anne Marie, visit dreamrenos.com.au or contact us for guidance on starting your own renovation journey. Remember, there’s more to renovating than meets the eye—it’s about the possibilities it unlocks for your future.
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This blog was written by the RARE team
Team RARE are passionate about renovations, interiors and
sharing our favourite DIY tips and tricks with our community.