RENOVATION
Overview
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We team up with property owners properties who wish to renovate their properties for a variety of reasons; some for re-sale, some to add equity, some who simply want to modernise their home. These projects van very from very simple cosmetic renovations to very complex renovations involving extensions, adding storeys and adding firewall separations.
Common Questions We Will Research and Answer
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How much potential does the property offer for renovation
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Is a renovation a viable project in terms of increasing net equity after all costs associated
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How can the renovation be completed to ensure that profit margin in maintained
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CASE STUDY
Rebecca and Bodie purchased a basic and tired townhouse just back from Kirra Beach with big plans to renovate it and go again on an even bigger property after that. 3 months into their project, they realised they had bitten off more than they could chew and were out of their depth.
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After engaging us and running some numbers, we identified a renovation process which would yield a $180,000 increase in the property’s value versus what they purchased for. We were able to complete that entire renovation in just 2 months.
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This was a relatively quick and simple renovation for the OTB team, as we had all the experience and contacts needed to execute the job efficiently.
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Once complete, Rebecca and Bodie decided not to sell and instead used the extra $180,000 worth of equity they had gained to fund the deposit on an investment property for themselves.
“We were impressed with how quick and easy OTB made the renovation process for us.
What at first was a very daunting task became very simple, allowing us to complete it
quickly and we are now moving on to our next one.”
