After nearly a year and a half of renovation and building, and a few weeks of frantic activity, we have finally settled into the new house. We are discovering all those things that were either buried in the move or have been packed away in boxes for the duration – it’s a wonderful discovery of how much you don’t need after all with the Op shops around us being blessed with a number of items that we obviously couldn’t part with 18 months ago but have now discovered otherwise.
The week before the move was filled with activity. At one stage we had plumbers, tilers and painters all working around each other; it’s amazing what a deadline can do to get things moving.
I’ve actually learned a few things over our years of buying and renovating properties, some of these have been hard lessons where we made mistakes that cost us, while others I have learnt by listening to others who have trod a path before us. Now that we are getting to the end of our current small development I can see that those earlier lessons have paid off with positive results. Recently I have been reflecting on what we did right and what could have been done better, at least with the renovated Queenslander and general development process.
When we initially ventured into purchasing properties for renovation we generally didn’t end up making a lot of money or creating much equity in the property; mainly this was because we didn’t purchase the right properties. After listening to, and learning from, other more experienced renovators and developers I gained a better idea of what we needed to look for when seeking a property to develop. Read more