7 DAYS TO A FAB NEW HOME

Cherie’s re­vamp of an en­tire house on a bud­get of just $15,000 made an amaz­ing profit for its own­ers.

Homes+ (Australia) - - CONTENTS -

A busy week of work and a mod­est bud­get gave Cherie Bar­ber’s clients a tidy profit.

A BUD­GET OF ABOUT $15,000 is what you might ex­pect for a mod­est kitchen ren­o­va­tion, so do­ing a whole house – inside and out – for this mea­gre sum and in just seven days posed a huge chal­lenge. The three-bed­room brick home in a western Syd­ney sub­urb was a gen­uine ugly duck­ling and cer­tainly didn’t war­rant a lav­ish ren­o­va­tion, which would have risked over­cap­i­tal­is­ing. In­stead, the aim was to give it a bright and cheer­ful new per­son­al­ity, spend­ing the bare min­i­mum to mod­ernise the in­te­rior and rad­i­cally im­prove the street ap­peal.

THE COLOUR SCHEME

For­tu­nately, the ex­ist­ing cy­press pine floor­boards had al­ready been pol­ished, which saved a lot on labour and bud­get – not to men­tion the dust and clean-up in­volved. The place where I could re­ally in­ject char­ac­ter was the in­ter­nal colour scheme.

Blue is such a sooth­ing colour and right on-trend, so I set­tled on a cou­ple of com­ple­men­tary shades, one darker for the fea­ture walls. Con­trasted with the white trim, it pro­vided an in­stant lift. Even the laun­dry got a touch of the blues. And do­ing all the paint­ing them­selves saved the own­ers labour costs.

A WISE IN­VEST­MENT

Just a few months af­ter the house was pur­chased, it was put up for sale, re­ju­ve­nated and look­ing as hot as the Syd­ney mar­ket it was about to hit. With a ren­o­va­tion cost of $15,785 and break-even price of about $488,000, the an­tic­i­pa­tion was high. So you can imag­ine the smiles on the own­ers’ faces when it was snapped up in a bid­ding war for $565,000 – yield­ing a whop­ping gross profit of nearly $77,000* and set­ting a new sub­urb record!

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