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.
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!