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Home Living : January 20th 2009
2 HLN - HOME LIVING: NORTH, Tuesday, January 20, 2009 Money spent wisely? HOMELIVING Poorly planned and constructed renovations could devalue your properties, warns Angus Kell state manager Archicentre. The warning comes at a time when the $20 billion renovation industry is set to play an extended role in the building industry with people investing the $50,000 to $60,000 it costs to move in renovating their homes and staying put. Mr Kell says low interest rates and the availability of tradesmen due to the downturn are a further catalyst. ''Unfortunately many people invest in property to secure their financial future without a planned strategy or any idea of the cost of renovating their home or investment property,'' he said. ''One of the more disturbing issues is that some people actually devalue their investments with poorly conceived designs or inappropriate materials, providing a negative cash flow for the investments and poor re-selling options. ''Some of the worst examples we have seen involve period houses where poorly designed flat roof extensions have been added, houses painted in garish colours, and money poured into expensive bathroom and kitchen fittings at the expense of light and space. ''Another costly mistake is to inadvertently change the house from one market segment to another, for example converting the third bedroom of a three-bedroom house into a walk-in robe and ensuite will change the house from a three-bedroom house to a two- bedroom one with a drop in value of possibly $100,000 after spending perhaps $40,000 on the project '' The basics of planning and costing the renovation to work within an available budget, combined with a clear understanding of how to tender the work out and manage the renovation project, is fundamental to the success of any renovation. Archicentre has developed an online checklist for renovaters. Visit www.archicentre.com.au. FREE 'IN HOME' CONSULTATION 1300 137 198 www.ccbd.com.au Curtains Romans Sunscreens Pelmets Swags Shutters All Blinds Bedspreads LATEST DESIGNS IN CURTAINS & BLINDS by Design CREATIVE CURTAINS 2191321i hln wk22 2277063i hlc wk41 Bld. Lic No 161882c SUPER SALE CLEARANCE Newly Updated Showroom / Factory 1/9 Powells Rd Brookvale 2100 www.supershades.com.au firstname.lastname@example.org • awnings • shutters • blinds • curtains 10% off ALL products Summer Sale ph 9938 4377 *Offer ends 13th February 2009. This offer supersedes any other previous/existing offers. We have all sizes of vanities from mini (510mm x 220mm) to 1800mm x 460mm (single or double bowls) Vanities or custom made to meet your needs. Luxury Free-standing bath Leading brand toilets including SKEW PAN toilet HUGE CLEARANCE SALE KILLARA 684 Pacific Hwy (T Junction off Greengate Rd) 9880 2885 ASHFIELD 244-246 Parramatta Rd (Cnr Bland St) 9799 7999 ROSELANDS 1112-1120 Canterbury Rd (Cnr Stephenson St) 9750 3488 MTV Bathroom Centre Hurry Up, Till Stocks Last! Come to us before you buy - Conditions Apply Heated Towel Rail From $299 5 Star Aussie Standar Sink Mixer From $29 2094413i hln wk3 High gloss Vanity from $199 Millions of $$ stocks on the floor, come see our bargains! • SLIDING or HINGED DOORS • TIMBER • COLOUR PANEL • PAINTED • MIRRORED • LIFETIME WARRANTY • WE SERVICE ALL AREAS Lic. 185684C FREE MEASURE & QUOTE Built In Wardrobes 'Designed to suit your budget' 9838 9090 justforyouwardrobes.com.au Just For You Wardrobes Pty Ltd 2150810i hln wk30
January 13th 2009
January 27th 2009