Hotspace Blog

Wow factor on the Home Front

Jane Eyles-Bennett - Tuesday, October 17, 2017

A well-designed home has something that sets it apart from other houses in the street. It’s usually a combination of several factors that work together to create a bit of a ‘wow’ moment when you first see the house.  (Read More)

Selling up? Home Make-Over tips - where to stop and start

Jane Eyles-Bennett - Wednesday, September 20, 2017

Homeowners wanting to do a makeover on their home before selling, often fall into the trap of the snowballing renovation. You know the sort, it starts with just doing up the bathrooms, but that makes the kitchen look out of date, so you have to do that too.  (Read More)

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Design principle proof in the pudding

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Having owned several residential and commercial properties, I consider this to be potentially one of the best returns on investment." I recently employed the service of Hotspace Consultants to provide a design consultation for the interior and ext..

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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