Hotspace Blog

Modernising a brick home - no rendering required

Jane Eyles-Bennett - Thursday, June 22, 2017

Do you have a brick home that’s in need of a bit of a facelift? Perhaps the colour or style of brick is starting to look a bit dated and in need of modernising. Most homeowners assume the only way to update a brick home is by rendering it, but there are other ways. (Read More)

How to choose the colours and finishes for your home

Jane Eyles-Bennett - Tuesday, June 13, 2017

Probably the best part about renovating or building is choosing the colours and finishes. It’s exciting to have the freedom to choose exactly what you want, isn’t it? But it can be a bit overwhelming too. (Read More)

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Design principle proof in the pudding

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Budget blowouts

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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..

Pioneer Parade, Banora Point, NSW

Our clients bought this property specifically to renovate and then re-sell for a profit. They wanted to make sure they didn't over-spend or do any of the wrong things which would have cut into any profits they were anticipating. Their budget was reasonably lean, so the Renovation Action Plan we prepared for them was extra important for doing only the things that would add value - within their pre-set budget.
They sent photos of their property to us via email and then we discussed the property in detail over the phone. Ah technology! Once we'd reviewed the photos & sketch house plan and discussed the project in's and out's during a one hour telephone call, we prepared their Renovation Action Plan. They then went to work renovating the property according to our recommendations.

The result? $56,000 gross profit before selling fees, legals and holding costs (for 5 months while the house was renovated evenings and weekends) which works out to approx $36,000 profit before tax. The property was purchased for $255,000, renovated for $29,000 and then sold for $340,000 - exactly as predicted before we began the process.

For more information about how we can help you with your reno, be sure to watch the video on our home page and then give us a call on 1300 908 890 or +61 7 3482 2199.
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