renovator or ruinmaker?
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Renovator or Ruinmaker?
www.renos.com.au | info@renos.com.au | 1300 550 656
• Structural Problems• Invisible Money Suckers• Problems into Profits
Renovator or Ruinmaker?
Structural Problems
Watch your step!
Structural Problems
Watch out below!
Structural Problems
What a cracker
Structural Problems
Stumped
Structural Problems
Did the earth move for you too, darling?
Structural Problems
Invisible Money Suckers
Wrong materials
Invisible Money Suckers
Combined drains
Invisible Money Suckers
Lead paint
Invisible Money Suckers
Termites / borers
Invisible Money Suckers
Flight paths
Invisible Money Suckers
Flooding
Invisible Money Suckers
Foundation problems
Invisible Money Suckers
• Settling soil• Swelling soil• Unconsolidated fill
Asbestos
Invisible Money Suckers
Non-conforming use
Invisible Money Suckers
Overland flow
Invisible Money Suckers
Galvanised plumbing
Invisible Money Suckers
Resumptions
Invisible Money Suckers
Resumptions
Invisible Money Suckers
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.
Glazing under thickness
Invisible Money Suckers
Problems into Profits
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
Crooked House Before
Crooked House After
Problems into ProfitsCase Study 2
So how do you fix a crooked house?
Problems into ProfitsCase Study 2
Rod
Chain through the hole
Problems into ProfitsCase Study 2
Rod
Chain through the hole
Problems into ProfitsCase Study 2
Problems into ProfitsCase Study 2
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
Problems into ProfitsCase Study 2
Problems into ProfitsCase Study 2
Problems into ProfitsCase Study 3
Problems into ProfitsCase Study 3
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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