Hotspace Blog

How to Design your Dream Kitchen

Jane Eyles-Bennett - Monday, July 17, 2017

The kitchen and living spaces are typically the hub of your house; and whether the others in the 'hub' are helping or just watching, it’s often where you'll connect and bond after a day at the office or school. Most people prefer an open plan layout for this reason; simply to fit all the people who want to congregate there. Since it's such a draw card; it needs to not only function well, but all look great too. (Read More)

Should you renovate before you sell?

Jane Eyles-Bennett - Tuesday, July 04, 2017

Most people assume that doing a full renovation before they sell will result in a higher selling price. Sometimes this is true, but not always. Before deciding whether to renovate to sell, you should do a bit of research and work out if renovating is right for your circumstances; and what areas you should spend your renovation dollar on.  (Read More)

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Hotspace were so helpful, available, enthusiastic and totally committed..." I found Hotspace Consultants to be very effective, although I was a bit hesitant at first to work only via photographs, phone and e-mail. But the results proved the process..

Allworth Street, Northgate, QLD

$90,000 additional equity to use on the next investment - in just 2 months! Who said it's hard to make a profit from cosmetic renovations in this market? Yep, property purchased for $320,000. Renovation cost just under $20,000. Estimated revalution $430,000 (real estate agent estimate only at this stage). Rent increased from $300 up to $400 per week.
Jennifer Barclay bought this property in Northgate, Brisbane for the specific purpose of renovating to profit. Being a lower value property with a lower value renovation budget, Jennifer was adamant not to over-capitalise on her renovation. To ensure she renovated the property in the smartest, most cost effective way (that would give her the biggest bang for her buck and add the most value), she called on us here at Hotspace Consultants for our advice.
With a clear list of all the areas to renovate and things to do to her property (move the carport to the left, build the patio and screen and paint, landscape the garden, add the path, paint the house trims x colour, update the kitchen using x colours, replace the flooring with new tiles in x colour and size , paint the walls, update the lighting and replace vanity/splashback and screen in the bathroom + plenty of other advice), Jennifer was armed with everything she needed to get accurate pricing on her renovation up front PLUS she had a clear and specific plan for all her trades-people to follow when they were on site.

** She researched her market and bought well to begin with
** She set a tight budget to make sure she didn't over-capitalise (aimed for 5% but spent just over 6% - still an excellent effort!)
** She took guidance from an expert (Hotspace) so she knew every dollar was being spent effectively

KEY FACTOR TO YOUR SUCCESS? Do what Jennifer did and call Hotspace.
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