Renovations

PROBLEM

You may have a much-loved home that has been in your family for a long time. However, the time has now come to sell and you have to admit it could do with a facelift. A new kitchen or bathroom, a fresh coat of paint, new window fittings, the garden revitalized, and contemporary furniture throughout will absolutely transform your property and have buyers competing against each other.

You may have inherited a deceased estate that like the above has been home for a long time, maybe even generations, but life has changed since it was built and today we use our homes and the rooms within them quite differently. Renovations Rookie can bring that home up to today’s standard, even reconfigure the layout to appeal to a modern family.

In all these scenarios and more, Renovations Rookie can help. Every property and everyone’s wish list is different, so whilst we don’t pretend we can fix every problem we are always happy to discuss your particular situation with you. It has been said, “If you don’t ask, the answer will always be no”, so if you think we may be able to help you give me a call – John Hiddleston – on (03) 5321 9785.

SOLUTION

Renovations Rookie is able to fully fund, design and project manage the entire renovation from start to finish, in exchange for a share of the profit on the sale.*

The following is just one example of the way we can help you. A likely sales price of the unrenovated property is agreed upon, to which is added the cost of the renovation, providing an overall starting value. Upon the sale of the property, the amount of profit is calculated by deducting this starting value from the actual sale price achieved. This profit is then split on a 50/50 basis between you the homeowner and Renovations Rookie. Here’s an example.

  • Agreed un-renovated sales value…….$1,000,000
  • Renovation cost ….. $50,000
  • Total………. $1,050,000
  • Sales price after renovation ……… $1,150,000
  • Profit ……………….. $100,000
  • 50% of profit retained by home owner…$50,000
  • 50% paid to Renovations Rookie……$50,000

You, the homeowner, walk away with $1,050,000 rather than $1,000,000.

So you have made an additional $50,000 over and above what you would have expected to achieve had the property been sold in its original, unrenovated condition.

* Conditions apply