What are your top three property goals for 2015?
Yep, it’s that time of year again where we all reflect on what has happened throughout the previous year and where we want to be this time next year.
Although I’m not a big one for New Years Resolutions, I do think it is good to set goals and January is as good a time as any to set them.
It is usually a quiet time for me work-wise so it makes good sense to set a bit of time aside to look at what I need or want to do in the coming year.
I find writing down my long-term goals is effective. Actually, I find writing down my medium and short-term goals effective too, as my mind tends to get a bit scattered and I can easily lose focus. Everyone seems to have different ideas of what long and short term goals are. When I talk about long-term goals, I am talking about where I want to be in two to five years time. My medium term goals are my six to twelve month targets, and my short term goals are anywhere between 6 weeks to three months away. But always, always, they are written down. Read more
Why, oh why, do I do it to myself; take on a major project just before the start of the Christmas close down period, during the hottest, stormiest time of the year and before I take an overseas holiday? Well as I said, this blog is possibly also about ‘how not to do things’!
Storm Season, what was I thinking!
Sometimes, things just work against us. Yes, I did procrastinate a little, but in my defence I had a lot of outback work going on and couldn’t concentrate on another project of this size. It was only after the work commitments eased up a bit that I could devote more time to moving the renovation and new build forward. Read more
Okay, some of you reading this know me quite well and are probably wondering why it has taken me so long to get my act together and make this renovation and development happen. Well, in my defence I have been doing the preparation work for it in my spare time, in between spending most of the past eighteen months on the road for work purposes. Any time something like this becomes an optional extra, as opposed to a full time renovation or development project, it will take a lot longer.
Me in my natural setting
Apart from the workload, we were in no rush to get things done as we were living in the house and, at a basic level, it was meeting our needs. Read more
Second day of demolition and the tradesmen had a beautiful day to complete the job. They told me that the job was not without its excitement, though, when one of them fell through the bathroom floor. This was due to a rotten board giving way, the timber under the concrete that had been laid to level the floor for tiling was a little worse for wear after 90 odd years.
The old decking disappears as the last of the demolition is carried out. The steps were the last to go.
The roof definitely needs to be replaced so we had the roofer out today to give us a quote. It appears that the Decramastic tiles need to be stripped off and the existing battens replaced before the new Colorbond sheeting can be laid. Re-roofing is one of those costs of renovating that an end buyer usually won’t notice, but it will increase the renovation cost significantly. Read more
Finally, we are about to commence the renovation and new build on our block of land in Banyo, QLD.
We purchased the home approximately three years ago and after living in it for a year decided that we loved the suburb but the house was not suitable for the needs of our family and my business, which I operate from home. The house sits on an 809 square metre double lot and is an old queenslander with plenty of character, although this is currently hidden. After much thought we decided that we didn’t need a house on a large lot and if we just renovated the home we would be over-capitalising for the area as the price ceiling here is around $700,000. Instead, we decided that we would split the block, renovate the old house and build a new home that would suit our needs.
The house – before the renovation commences
It has taken a couple of years to get to this point. Tomorrow, we move out and next week the tradesmen come in, first to disconnect the power so we can demolish a section of the side verandah. This will allow the building to fit onto one lot. Then we have the house raisers coming in to lift and slide the house across and forward into the new position. Read more