Whether you are searching for a renovation project, or own an existing property to renovate in Brisbane, Sydney, or even a rural town our aim is to ensure you get maximum financial return from your renovation project.
At Aus Property Professionals, we always focus on WHY we are doing it and ask whether what we are doing is going to be beneficial. Renovating a property is an excellent way to manufacture your own equity without only relying on the capital growth of the market.
Renovating isn’t as straight forward as the reality TV shows portray. It can be stressful, emotional, time consuming, and very costly. If not done right, it can be a very risky investment if the wrong property is purchased or the extent of the renovation will be too costly. Novice and emotional investors can get stuck and even lose time and money if they don’t manage the project properly which could result in the property being over capitalised.
On the other hand, if done correctly, renovating can reap exceptional returns. In order to gain from renovating, you must know exactly how much can be spent on a property to be able to re-sell, increase rental return, or re-value.
Experienced investors are able to renovate as a strategy in order to manufacture equity, without waiting for the market capital growth, and then they can refinance and purchase their next investment property. This can build a property portfolio quite quickly.
How to AVOID over capitalising?
We are not emotional and ensure the tradies and builders are kept to the schedule- this will minimise your holding costs (this is the time that your property is not making you money/ not tenanted). By employing an expert, you are able to leverage off our industry contacts for best competitive rates, utilise our investment knowledge, and have someone to guide you throughout the whole process.
What WE DO:
We will MANAGE YOUR PROJECT.
How are you PROTECTED?
Meet up with us for a Strategy Session. Discuss your needs, current situation, and your desired outcomes. During this step, we will perform your cost benefit analysis and set up your budget.
2. Property Search
Let us locate your investment property in the best areas for your strategy and renovation project. We will present to you a feasibility on selected properties for your renovation.
If you already have a property, we can assist you with the next steps!
3. Budget and Timeline.
Discuss your renovation budget and revisit your investment strategy.
We will present to you our recommendations for the renovation to ensure you don’t over capitalise.
4. Book your Tradespeople
Let us leverage off our industry contacts and negotiate the best tradespeople for the job. We perform all the background checks and ensure all your tradespeople have the right insurance and expertise for the job. This is to ensure you are protected- just in case.
We will get several quotes for each job, and ensure you receive the best competitive prices.
5. Project Management
Keeping to a schedule is paramount to ensure your project is a success. We aim to minimise holding costs in order to ensure your investment is making you maximum returns. We want to limit the time your investment is under renovation so you are able to sell, or rent the property quickly.
We are able to save you time and stress through managing all the moving parts of the renovation and be the key point of contact for all tradespeople.
We will send you updates and photos throughout the project, and always be on hand to answer any of your queries.