RENOVATING FOR PROFIT HOUSE RENOVATION - DURAL Homeowner Brian has been the proud owner of a large residential home in Dural in Sydney’s Western

fringe for the last 20 years. Built in 2000 and featuring 5 bedrooms over a large 200 square metre

footprint, his home has been meticulously maintained but not renovated, since it was built.

As a large family home and with Brian the only occupant within it, he’s decided it’s time to sell,

downsize and move closer to the city, into a much smaller home. However, his outdated interiors will

make it difficult for Brian to achieve top dollar for his home, and limit the number of buyers willing to

make an offer.

Not knowing anything about interior design, construction and how to manage the whole process,

Brian calls on The Living Room for Cherie Barber’s expertise to turn his dated home into a luxury

abode on a budget.

 

 

 

Before Lounge room After Lounge room

 

After photos

 

 

 

                                                                         Before           After            

 

 

KEY JOBS

Cherie’s renovation strategy was to cosmetically renovate the whole of the house internally (no

external works required). Further, due to the higher resale potential, Chere’s strategic plan was to

visually present the property to a luxurious standard on a budget (of less than half of what you

normally should spend).

The scope of works included:

• Remove existing tiled floor & replace with new tiled marble look floor tiles.

• Install new kitchen doors, benchtops & new kitchen appliances.

• Internal painting throughout including feature walls

• Install built-in wardrobe to bedroom 3.

• Install new lighting & ceiling fans throughout the property.

• Install new window furnishings (blinds & curtains).

• Cosmetically transform 2 bathrooms & laundry with specialty paints, new benchtops & fixtures.

• Square off 2 x non-structural arched walls.

 

 

FINANCIALS Property Value (Before Renovation): $1,400,000 Renovation Spend Total: $ 62,909 Renovation Timeframe: 9 days Property Breakeven Point: $1,462,909 Property Sold Price: $1,600,000 Uplift In Value: $ 200,000 Net Profit Margin (After Reno Costs): $ 137,091 Please Note: No capital gains tax will be payable as it’s the homeowners primary place of residence. Owner will incur approximately $35,000 in agent’s commission, marketing costs & styling costs to sell his property.

LABOUR  COSTS   Amount  Carpentry  &  Building  Labour  (Across  All  Rooms)   $14,707.00  Tiling  Labour  (Whole  House)   $13,050.00  Plumbing  Labour  (Across  Kitchens  &  Bathrooms)   $1,256.10  Electrical  Labour  (Across  Whole  house)   $1,908.50  Shower  Screen  &  Wardrobe  Installation   $1,719.00  Construction  Labourers   $1,115.40  Painting  Labour   $7,500.00  Sub-­‐Total:   $41,256.00          MATERIAL  COSTS   Amount  Floor  Tiles   $4,254.98  Carpet  for  Bedrooms  (including  installation)   $3,400.00  Kitchen  &  Bathroom  Cabinetry  Panels   $2,600.00  Blinds   $1,507.20  Curtains   $1,195.95  Paint  (Received  Free  but  normal  value  approx.  $1,300)   $1,300.00  Skip  Bins  x  2   $1,555.00  All  other  Miscellaneous  Fixtures,  Fittings  &  Hardware  (All  From  Bunnings)   $5,839.87  Sub-­‐Total:   $21,653.00          

TOTAL  RENOVATION  SPEND:   $62,909.00  

 

 

 

KEY  PRODUCTS  

PENDANT LIGHTING Brilliant 240 Volt

38cm Manchester Pendant Bunnings Code: 7071464

Supplier: Bunnings www.bunnings.com.au

FLOOR TILES Marble Look Floor Tiles Style No: Mamo Grigio

Polished Gloss Floor Tile Size: 600mm x 600mm

Supplier: Royal Tiles Ph: (02) 9748 0885

www.royaltiles.com.au Can ship nationally

KITCHEN CABINETRY Brand: Laminex

Colour: New Graphite Type: Natural Finish - Laminex no 486

Made by: Tim Trad Kitchens Ph: (0243) 23 2711

www.timtradkitchens.com.au

 

 

KITCHEN BENCHTOPS Kaboodle Kitchen Cabinetry

Style: Vanilla Cream Supplier: Bunnings

www.bunnings.com.au

FIRE PLACE Bio Ethanol – Stainless Steel & Glass Model No: Chicago with White Trim

Supplier: Designer Fire Ph: (03) 9646 2432

www.designerfire.com.au

CURTAINS Style: Salvadore

Supplier: Curtain Wonderland www.curtainwonderland.com.au

 

 

SHOWER SCREEN Made to Order

Supplier: Sydney Shower Screens & Wardrobes Phone: 02 9612 1000

www.sydneyshowers.com.au

BLINDS Made to Order

Style: 50mm White Timber Venetians Supplier: Blinds on the Net

Ph: 1300 852 912 www.blindsonthenet.com.au

Also please note that Bunnings

offer a service where they can cut their standard blinds to a custom size for you.

TILE & LAMINATE PRIMER FOR BATHROOMS White Knight Tile & Laminate Primer

Supplier: Bunnings www.bunnings.com.au

TILE PAINT FOR BATHROOM TILES White Knight Tile Paint

Colour: White Supplier: Bunnings

www.bunnings.com.au

 

 

 PAINT  COLOUR  SCHEMES   TAUBMANS PAINT USED INTERIOR WALLS: Taubmans Easycoat – “Tundra Mist” – Half Strength (Low Sheen) INTERIOR FEATURE WALLS: Taubmans Easycoat - “Grey Moggy” – Quarter Strength (Low Sheen) INTERNAL CEILINGS: Taubmans Easycoat Ceiling “White” (Flat Finish) INTERNAL TRIMS: Taubmans “Crisp White” (High Gloss, Oil Based Enamel) FRONT DOOR: Taubmans “Oil Shale” (Low Sheen, Oil Based Enamel) For more information visit: www.taubmans.com.au

 LABOUR  &  TRADES  PEOPLE   This renovation was conducted over 9 days by a team of approximately 15 people (as required) which

included: Cherie Barber, Carpenters Mick, Paul & Luke, Tilers Fred & Fouzi, Plumber Chris,

Electricians Dylan & Dave, 3 painters, Jeneane & Natalie from Renovating For Profit and the home

owner Brian.

         

 

 

 WEBLINKS  For further information on the materials and products used in this renovation, visit the following

websites:

www.bunnings.com.au

All general hardware items for this renovation were purchased from Bunnings including timber,

plasterboard, electrical downlights and numerous other items.

www.ryobi.com.au

www.taubmans.com.au/

www.whiteknightpaints.com.au/

 

 

 

 PROPERTY  STYLING    

This property was beautifully styled by:

Styling Spaces – Melbourne

Contact: Anna

Phone: 1300 931 279

Website: www.stylingspaces.com.au

Normal retail value of this property styling is approximately $7,100 for a 6-week rental period.

This was a large family house with a substantial amount of furniture.

Property styling kindly supplied free by Styling Spaces for the purposes of TV filming.

For any property owners in Melbourne who require property styling for your home (when selling),

please don’t hesitate to contact Anna.

Anna was personally hand-picked by Cherie Barber who believes she is one of the most talented

property stylists in Australia.

 

 

 

 ABOUT  CHERIE  BARBER  

 

Cherie Barber is a widely respected professional renovator, Australian & international TV renovator,

renovation educator, highly sought after public speaker, author & a mum to 11-year-old, Milan.

In 2001, Cherie threw in her full-time marketing job at the end of her first renovation, which saw her

earn more money renovating on the weekends rather than her full-time employment. In 2009, she

established Renovating For Profit, a company that offers a complete renovation system that teaches

everyday people, how to do quick cosmetic renovations for a profit. She now juggles renovating with

her national public speaking, business & media commitments and believes once you have the right

knowledge, anyone can do it!

Cherie Barber: Renovating For Profit

Phone: (02) 9555 5010 www.renovatingforprofit.com.au