EPI 067 | Renovating to profit with Jane Eyles-Bennet

 

Everyday property investing - podcast episode

Renovating to profit with Jane Eyles-Bennet

LISTEN via streaming audio:

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

 (01:15:52 min)

DOWNLOAD (Right click and ‘Save as’): EPI067 | Renovating to profit with Jane Eyles-Bennet

Things we talk about

It’s all about renovation this issue as we talk about our recent renovation workshop with the Reno Kings and in our feature segment, we speak with designer and renovator Jane Eyles-Bennet about her business of helping people renovate for profit.

 
  • Good properties in Brisbane within typical investor price bracket ($400-$450k) are moving fast
 
  • Jane Eyles-Bennet of Hotspace Consultants (http://www.hotspaceconsultants.com/) shares how her business helps investors profit with renovation projects
 Quick tip and action
  • Making money from a buy, renovate and sell strategy can be very tricky; there’s buying costs, renovation costs, holding costs, selling costs – so the differential between your purchase price and your end sale value needs to cater for all of that PLUS give you a profit.
  • Instead of buying, assess your existing properties—do they need an update, some paintwork, a render and some new flooring?
  • Speak to some local managers—what are tenants willing to pay more for?

 

Speak Your Mind

*