OUT­SOURC­ING THE ESSENCE OF DIY

Stirling Times - - Residential -

TURN­ING a $950,000 prop­erty into a $3.06 mil­lion gold­mine is just an­other day on the job for Ren­o­vat­ing for Profit’s Cherie Bar­ber, who has re­leased her first book with tips for repli­cat­ing her suc­cess.

That res­i­dence in inner-west Syd­ney sub­urb Le­ich­hardt, which was sold in 2015, re­mains one of the TV per­son­al­ity’s favourite projects in her 27 years of ren­o­vat­ing and is just one of her many record-break­ing sales.

The 47-year-old self-made mul­ti­mil­lion­aire, who reg­u­larly ap­pears on Chan­nel Ten’s The Liv­ing Room, has re­vamped more than 100 prop­er­ties in her ca­reer and de­vel­oped a for­mula that goes against the di­rec­tion of pop­u­lar ren­o­vat­ing TV shows.

“Ren­o­va­tion shows are good and bad – they’re good for in­spi­ra­tion and mo­ti­va­tion, but they’re ter­ri­ble for the way they make peo­ple think they should be ren­o­vat­ing,” Ms Bar­ber said.

“Most of the shows have the peo­ple DIY-ing all the work them­selves and that’s not how your ren­o­va­tion project should be; you prob­a­bly should be out­sourc­ing 90 per cent of your work to li­censed tradies and maybe do­ing about 10 per cent of the work your­self.

“If you do that, your project will be of bet­ter qual­ity, which af­fects your sale price, your rental price and all sorts of things.”

Ms Bar­ber said her Ren­o­vat­ing for Profit book – “the first of many” and “largely a pic­ture book” – is chock full of sim­i­lar tips she has gath­ered while work­ing on nu­mer­ous projects. Boffins Books will be host­ing a book sign­ing with Ms Bar­ber at Home Base in Su­bi­aco on Wed­nes­day, Novem­ber 8, which will fea­ture a Q&A ses­sion to an­swer reader ques­tions on ren­o­vat­ing and flip­ping homes.

For more, in­clud­ing Ms Bar­ber’s tips on how to renovate for profit, visit www.com­mu­ni­tynews.com.au. The Le­ich­hardt prop­erty at 93 Hill Street un­der­went a mas­sive trans­for­ma­tion.

Cherie Bar­ber

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