Renovator or Ruinmaker?
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Transcript of Renovator or Ruinmaker?
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• Structural Problems• Invisible Money Suckers• Problems into Profits
Renovator or Ruinmaker?
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Structural Problems
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Watch your step!
Structural Problems
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Watch out below!
Structural Problems
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What a cracker
Structural Problems
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Stumped
Structural Problems
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Did the earth move for you too, darling?
Structural Problems
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Invisible Money Suckers
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Wrong materials
Invisible Money Suckers
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Combined drains
Invisible Money Suckers
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Lead paint
Invisible Money Suckers
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Termites / borers
Invisible Money Suckers
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Flight paths
Invisible Money Suckers
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Flooding
Invisible Money Suckers
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Foundation problems
Invisible Money Suckers
• Settling soil• Swelling soil• Unconsolidated fill
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Asbestos
Invisible Money Suckers
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Non-conforming use
Invisible Money Suckers
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Overland flow
Invisible Money Suckers
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Galvanised plumbing
Invisible Money Suckers
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Resumptions
Invisible Money Suckers
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Resumptions
Invisible Money Suckers
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Electrical wiring
Invisible Money Suckers
• Old houses often have small switchboards with little safety protection, deteriorated rubber coated wiring and few power and lighting points.
• Rewiring needs to be carried out by a licensed electrician who is required to provide certification of the electrical services on completion.
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Glazing under thickness
Invisible Money Suckers
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Problems into Profits
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Problem: Cracking in cladding brickReason: Failed Council storm/water drain under wallCost to repair: Zero BCC fixed it by diverting the line and filling the old drain with concreteCapital Growth: $750,000 capital gain since purchase
Problems into Profits Case Study 1
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Crooked House Before
Crooked House After
Problems into ProfitsCase Study 2
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So how do you fix a crooked house?
Problems into ProfitsCase Study 2
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Rod
Chain through the hole
Problems into ProfitsCase Study 2
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Rod
Chain through the hole
Problems into ProfitsCase Study 2
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Problems into ProfitsCase Study 2
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Creating LandBCC Application fee SUD $ 5320Subdivision $ 2390Town Planning SUD
$ 2750Town Planning Reconfiguration $ 1155Surveyors Fee $ 550Architect Drawings
$ 3850Advertising $ 539Arborist $ 440Total $16994
Approval process 16-24 Weeks
Problems into ProfitsCase Study 2
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Problems into ProfitsCase Study 2
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Problems into ProfitsCase Study 2
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Problems into ProfitsCase Study 3
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Problems into ProfitsCase Study 3
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Summary
• You often won’t get a return on repairing structural problems• Go with your head, not your heart• Research the land and the use, not just the dwelling• Employ the experts!• Start at the bottom and work up• Solving problems (cost effectively) can reap big returns
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