OUTSOURCING THE ESSENCE OF DIY
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.