In our next blog, we are thrilled to share another inspiring success story from one of my outstanding students, Amanda Bird, hailing from the esteemed company, Transforming Squares. As always, we encourage you to reach out to these incredible individuals to learn about their experience with Renovation Mastery. For those passionate about property and investing, this journey promises a deep dive into the art of renovation and invaluable insights into the real estate market.
Amanda's Journey:
Amanda’s journey is a testament to the power of quality renovation work. She specializes in the vibrant Gold Coast region, covering areas from Spring Hill to Brisbane, including Paradise Point, Oxenford, and Runaway Bay. Amanda’s expertise extends not just to her technical skills, but also to her attention to detail, organizational prowess, and delightful personality. we wholeheartedly recommend her for her exceptional work at Transforming Squares.
Impressive Project:
Let’s delve into Amanda’s impressive project, a townhouse situated in Paradise Point. Townhouses can pose challenges due to restrictions on exterior modifications, but Amanda’s meticulous approach overcame these hurdles beautifully. She transformed the property, enhancing its appeal and functionality.
The exterior transformation began with cleaning up the gardens and driveway, creating an inviting atmosphere from the moment you arrive. Clever additions, like an outdoor sitting area and strategic styling, breathed new life into the space. Amanda’s choices, from painting the fence to adding wooden accents, turned a dated facade into a contemporary haven.
Moving inside, the kitchen underwent a remarkable metamorphosis. Opening up the space, Amanda integrated stylish elements such as colored floors, textured tiles, and warm wooden touches. The kitchen, once cramped and outdated, became a focal point, enticing potential buyers with its modernity and functionality.
Amanda’s keen eye for design extended to the living spaces and bedrooms. By incorporating subtle blues and soft greens, she added color without alienating potential buyers. The introduction of indoor plants brought freshness and vitality into the rooms, creating a welcoming ambiance. Attention to details like new blinds, well-coordinated furnishings, and clever storage solutions elevated the overall appeal.
One of the highlights of Amanda’s project was the bathrooms. Tiling from the floor to an entire wall exuded luxury without breaking the bank. Amanda’s choice of tiles, coupled with strategically placed storage and stylish accessories, made the bathrooms stand out as elegant and functional spaces.
Let's Talk Numbers:
Now, let’s talk numbers. The initial purchase price for the property was $463,000. Amanda’s renovation expenditure amounted to $55,000. After the renovation, the property sold for an impressive $680,000, resulting in a substantial profit of $162,000. While there are additional costs associated with real estate transactions, taxes, and renovation expenses, the net gain underscores the financial success of this project.
Conclusion:
In conclusion, Amanda Bird’s transformation of this townhouse exemplifies the power of thoughtful renovation. Her ability to blend creativity, functionality, and market appeal resulted in a property that not only captured the hearts of potential buyers but also generated a significant profit.
Listen to our latest ‘More Than Renovating’ Podcast episode:
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.
Jennie W says
Not sure about the last sentence. as the $162,000 the net profit made on this flip. Or were other fees out of this figure. ???