21-May-2020
APIA Blog
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Ryan Smuts: What I would do with $20K
What’s the best return for your $20k? If you have an existing property portfolio I suggest some simple cosmetic work to increase the value of your properties. $20K doesn’t seem like much but it can go a long way if you are prepared to chip in some elbow-grease. Added bonus? If you go about it cleverly, you could achieve a good return in a multitude of ways: ... read more17-Feb-2020
Toby Yorke: How I would renovate with a $20K budget
In this day and age, a $20,000 renovation budget won't get you terribly far. So where should you put your hard-earned dollar? The Goal I’m a big believer in the “goal drives the strategy” approach. What’s your goal? Is it to increase cash flow, increase equity, sell or is it simply maintenance? Once you are clear about your desired outcome, then chat with the respecti... read more01-Feb-2020
James Goren: What would I do if I have $20K to spend on my first renovation?
With a $20K budget, I would recommend cosmetic renovation with a particular focus on the most visible objects. Starting from the cheapest and easiest: 1. Upgrade all the “you touch” items. Old and worn-out items like door and kitchen handles do not look good and are not pleasant to touch. Budget for $200 - $1,000 2. Replace old window dressings with new curtains or roller blinds. Go for ... read more09-Nov-2017
Asbestos - the invisible threat to your property
Asbestos-related illness is the number one cause of death in New Zealand workplaces. For that reason alone, the government will require, from April 2018, for all properties undergoing major renovation to be checked for asbestos. This will have significant impact on property investors who are likely to become PCBUs during renovation projects. Related article: Health & safety... read more17-Aug-2016
What The Block doesn’t tell you about renovating - Part 2
Renovation shows. Who doesn't love them? Arm a bunch of DIY enthusiasts with the latest power tools and design aesthetics, throw in some well-timed on-camera meltdowns and we have ourselves a winning formula for happily-ever-after - home edition. Entertaining as they are, these shows do have the tendency to hoodwink would-be renovators into underestimating the seriousness of a home... read more02-Aug-2016
What The Block doesn’t tell you about renovating - Part 1
DIY, it is in our DNA. Trust Mitre10 to encapsulate the Kiwi spirit in six short words. True, we love a bit of DIY. Home improvement is invariably a national pastime which makes shows like The Block so popular. The appeal is simple, a couple of camera-ready youngsters chanced upon a pile of bricks, et violà! Ten episodes later, we have ourselves a Disney castle. Who doesn’t love... read moreRecent Posts
- Bond - it is the tenant’s money
- Personal properties vs chattels
- Ending a fixed-term tenancy to sell
- Landlord held not liable for co-tenants' pets
- How much to increase rent by in response to RTAA 2020
- What's my HHS compliance date?
- Hard for you but su*ks for me
- Cause and consequence are two different things
- Brightline application for 'private transfer' of inherited properties
- Rent increase after substantial work: not a case of $1-in-$1-out
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