Home & Garden

Making money with house flipping and DIY property renovation

  • Written by Greg Rogers

The Australian property market is booming. Housing has never before been so unaffordable. It has been for at least ten years and there is no end in sight as renovators and investors compete for limited realestate stock.

Brisbane, Melbourne and Sydney are the States where population growth is continuing to create demand for homes.

Melbourne and Sydney property sales are driven by historic highs in overseas migration whereas Brisbane property demand is primarily fueled by interstate migration. Queensland's weather provides outstanding lifestyle advantages and people just want to live there. That is why inner suburban Brisbane, The Gold Coast and The Sunshine Coast are so popular. People are looking for a seachange or an lifestyle change.

In Brisbane especially there is a strong market for well located inner suburban houses and units in smaller older complexes that have not been renovated. Agents cannot keep up with demand and that is why those that are for sale will sell for a lot more than vendors expect.

A lot of people are make a very comfortable living from sourcing low priced stock and spending a lot of money and time to improve the layout and interior design with a view to a quick resale at a large profit. It is not just builders and tradies making the money but everyday people who buy a property and hold it for a year while they plan to carry out changes, apply for permits, wait for a builder and then get the work done.

One of the issues that often cause delays for people renovating a home in Brisbane is the weather. Quite often an old tile or iron roof will have to be replaced. Those large outside jobs take time and while the workers are on site ( and often away doing other jobs ) they leave the interior of the property vulnerable to rain and even worse, Brisbane's summer hail storms. It is important to have roof protection on hand when replacing a roof so see Brisbane tarp hire rates here.

It is the same when exterior walls need to be replaced or changed over from cladding to windows or doors. There is a time when the property is vulnerable to the weather. Put up a strong water proof tarp to keep the weather out and at the same time keep valuables out of sight.

There is a lot of money to be made from renovating houses but it is true to say that "You make your money when you buy". Never pay too much for a "renovator's delight" as it does not leave enough margin to cover expenses like insurance, stamp duty, agent's fees and renovation material and hire outlays.

Pest Prevention - How Pest Control Can Protect Your Home's Condition

It doesn’t matter who you talk you, when it comes to protecting your home there aren’t many things that people wouldn’t do. After all, our homes are the place we make memories and for some watch our families grow. Pest control for your home should be no different. Regular and tailored pest control...

Read more

Go Deluxe - Why Velux Is A Name You Can Trust

You may know only a little bit about skylights, but chances are what you do know is that Velux is a name you can trust. The Danish manufacturing company specialises in skylights and roof windows and has been transforming homes for well over fifty years. So, if you are looking to add an air of luxu...

Read more

How Chandeliers Increase The Value Of Your Home

One of the key elements that many homeowners fail to recognise when it comes to interior designing is lighting. Before, we are contented when a room is well-lit by a gorgeous lighting fixture. But now, there are many things one needs to consider when choosing lighting fixtures for our homes.   A...

Read more

What Is Lender’s Mortgage Insurance and Why You Need It

Lender’s mortgage insurance (LMI) can be another step you have to take in your quest towards owning your own home. By definition, it is supposed to protect the lender when the borrower seems unreliable up to a point. However, it is also there to help the home buyer achieve their goal. Let’s see wh...

Read more

6 Tips to Get the Best TV Reception with a Digital TV Antenna

People today once again turn to TV antennas as an excellent solution to achieving a superb TV viewing experience. In fact, this is an important asset and alternative if you wish to cut your pay TV. Most modern antennas come in stylish designs and the range of reception has grown widely from the pre...

Read more

6 Simple Ways to Save on a Bathroom Renovation

Renovating a bathroom is expensive. If you replace the flooring, wall tiles and all the fixtures it costs on average $10,000. Thankfully there are simple ways that you can decrease the cost of a bathroom reno, without sacrificing quality.     First make a list of expenses   The first step to r...

Read more

5 Ways You can Extend Your Mattress’ Lifespan

Mattresses are designed to last about 10 years, but many of them never reach the end of their expected lifespan. The useful life of these mattresses is cut short by sagging, smells and dirt - all of which can be avoided.   Here are 5 ways that you can help your mattress last for a decade or long...

Read more

Safe & Secure - Turning Your Home into a Sanctuary

Every homeowner wants to do what they can to ensure that their home is protected from intruders and burglars. The thought of having someone inside your home when you're not there, or worse again, when you are tucked up in bed asleep, is frightening. Nobody wants to feel at risk, especially in thei...

Read more

How Gardening Can Help You Reduce Your Carbon Footprint

Recent droughts in Australia are the worst recorded in recent years and it’s not even summer yet. Many farmers are unsure whether they have a long-term future, with grazing pastures being turned into unusable dust bowls. Despite the not so subtle warnings of climate change, Prime Minister Malcolm Tu...

Read more

Notable Things You Need to Know About External Blinds

The aesthetics of a space is ever changing. Be it your regular office cubicle or the drawing room of your house, even everyday objects can be played around with to tweak the decor and entire look of it. Sometimes, even a utility piece of furniture like an external blind can become the key to an im...

Read more

Adding Water Lilies To Your Garden

Water lilies keep gaining popularity and it is not difficult to understand why since they are beautiful and only need sun and water in order to thrive. 2 water lily types exist: tropical and hardy. The hardy water lily will bloom and will sit right on the water. The tropical lily will rise above w...

Read more

Things to Consider While Designing Lap Pool

The purpose of having a kind of swimming pool that is called lap pool, is to have better health and fitness. Usually such lap pools are narrow in width however its length are at least 45 feet or more. These types of pools rectangular in shape is ideal for such residences where there are narrow or ...

Read more