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Home Living : January 20th 2009
2 HLF - Publication, 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. cumberlandnewspapers.com.au Advertise your water saving product or service in Water Wise, published weekly in Home Living. For details of how we can introduce your business to over 1.8 million* prospective customers. phone 9689 5395 bewaterwise *Roy Morgan Readership Sur vey, September 2006 GARAGE DOOR SALES & REPAIRS PTY LTD New Showroom: Unit E18/2A Victoria Avenue, CASTLE HILL OVER 25 YEARS EXPERIENCE FOR A FREE MEASURE & QUOTE CALL 9894 1233 Automatic Opener Fr $450 2054205i hln wk10 AUTOMATION FOR ALL DOORS AVAILABLE AUTHORISED DISTRIBUTOR DEAN 2251005i hlnw wk25 •Thinking of building or renovating ? • Let us take care of your next building project • Call us today and take advantage of the first home owner grant At LUNAR we pride ourselves on providing a full design & construct service throughout, to ensure your new home or next building project has the personal touch from our experienced family operated design & construct team. Ring now and discuss your project with one of our representatives, to begin the journey towards your new building, or bring in your own plans to our showroom for an obligation FREE quote "Tomorrows designs at today's prices" Design Office Level 3 Suite 305 119 Newton Road Wetherill Park NSW 2164 ph : 0425 276 358 fax : (02) 9756 5799 email : email@example.com Office / Showroom Unit 1, 103 Sargents Road, Minchinbury, NSW, 2770 Contact : Alf Prisco (B.ARCH) Accredited Building Designer ABN 90 121 002 711 Licence No - 189217C lunar design + construct residential industrial commercial child care 2181178p hln wk21 AUSTRALIA'S MOST EXPERIENCED POOL BUILDER • ANY SHAPE, ANY SIZE: GEOMETRIC, FREEFORM, LAP, PLUNGE... • FULL DESIGN SERVICE INCL. COUNCIL COMPLIANCE OR APPROVAL • POOL RENOVATION EXPERTS -- 2007 MBA AWARD WINNER • OVER 19,513 QUALITY BUILDS Appreciate quality? The choice is Crystal 50 Year reputation for quality MASTER POOL DESIGNERS AND BUILDERS BUILDERS Lic.No. 34505 SEE EXAMPLES ONLINE AT crystalpools.com.au ALL SUBURBS 9875 4555 BUILT IN WARDROBES FACTORY DIRECT PRICES BUILT IN WARDROBES FACTORY DIRECT PRICES PH: 9890 7477 PH: 9890 7477 • FREE MEASURE & QUOTE • LIFETIME GUARANTEE Made to suit your budget & needs • Style • Service • Variety • Full range • Accessories • Hinged Doors • Sliding Doors • Over 20 years exp. Sydney Wardrobe Company Pty. Ltd www.sydneywardrobe.com.au Lic: 185628C 2155390i hlnw wk30 Renovating? p We can do everything Plumbing Electrical Wall tiling Home owners Warranty/ Insurance Call Now 9807 3766 $1000 OFF APPLIANCES when you order your new kitchen before October 31st 2008
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