When it comes to investment property renovations the question I always get asked is – “how much work should I do”? The answer to this question will change dramatically depending on each person and their current situation. Are you the kind of person that loves DIY (do it yourself) home renovations? Do you love researching cheap renovation ideas? Or does the thought of a month’s DIY home renovation make you feel sick? Only you can answer these questions but believe me there are huge advantages of doing minor renovations let alone a full month’s work on a property Renovation in Auckland, New Zealand
So let’s assume that you have 2-5 weeks to complete your DIY renovations, what is a realistic goal to try and achieve? To a certain extent this will depend on your budget but you would be surprised at how much you can get done if you find some good cheap renovation ideas. My DIY renovation budget is the same for every project I do – I like to call it the “Spend as little as possible” budget! Below is a list of the most obvious and important things that you should look at when attempting a cheap DIY renovation.
A fresh coat of paint is the easiest way to make a house feel new again. The great thing about painting is that everyone can do it and it’s such a rewarding job. I love watching the house slowly get transformed as each new wall is painted and best of all if you do it yourself it shouldn’t be too expensive.
RENOVATION TIP: If you’re going to paint the house beige don’t even bother! Property investors always make the mistake or choosing plain and boring colors. Paint the house as if you were going to be living in it. If you’re feeling really adventurous you could even include a feature wall.
Replacing the existing flooring is another way to make your property feel brand new. You can either replace the carpet or in some houses you can polish the floor boards that are under the carpet.
RENOVATION TIP: This is one part of the DIY renovation process that I would recommend hiring somebody to it for you (floor polishing &carpets). The professionals do such a quick, good and cheap job that it’s hard to make an argument for doing it yourself. To save some money you can rip out the old carpet and left over staples before the professional come.
Bathroom & Kitchen
These two rooms are very important when it comes to renovating your investment property. If you do have some money in your budget then the Bathroom & Kitchen are a pretty good place to spend it. How much work you do here is up to the individual but I would recommend trying to get both of these areas clean, modern and usable.
RENOVATION TIP: Rather than re-tiling you can use Tile Paint to great effect. I have used ‘White Knight’ tile paint over the top of outdated 80’s tiles and the results have been outstanding.