| Well these little beauties may not be the buy | | | | Depending on the area in which you want to |
| they used to be. You may ask why, and I am | | | | purchase your 'renovator's delight' you can |
| going to explain. The prices of renovator's | | | | find it easily online at the many sites that |
| delights and handyman's delights are | | | | are able to be found. Furthermore, if you buy |
| strengthening in line with the rest of the | | | | at the right price you can make a profit. |
| housing market. Modernizing terrace houses | | | | |
| and revamping older style homes has become so | | | | I have been searching for 'renovators |
| popular that they are being sold for record | | | | delights', and found online online. Both are |
| prices. It seems true that all the agents | | | | they types of houses that would be excellent |
| need to do is list a property is derelict, | | | | to renovate. They are close to the CBD and |
| wreck or unrenovated and the buyers come | | | | are on large pieces of land. If you are |
| running. | | | | hankering to do some renovations log on to au |
| | | | and take a look at their listings. Another |
| For instance a three-bedroom terrace house in | | | | site which I though was interesting was where |
| Chippendale, on Sydney's city fringe, sold | | | | I found thousands of real estate and property |
| for $160,000 above its reserve price. It had | | | | listings in Australia wide and some great |
| no kitchen, bathroom, or parking and the | | | | articles that spoke of refurbishing property |
| auctioneer expected to get about $525,000, | | | | before selling. Search by property type, or |
| but enthusiastic bidders took the price to | | | | use the quick links. |
| $685,000 at a recent auction. Thirty people | | | | |
| registered to bid for the property. My | | | | This sort of buying is not for the |
| estimates are that to put in a | | | | faint-hearted - you do need to do a lot of |
| state-of-the-art kitchen and bathroom with | | | | work yourself. Generally, the new kitchen and |
| the best of appliances will cost a minimum of | | | | bathroom are the major costs involved. |
| $100,000. A tastefully renovated house in a | | | | Builders often look at these homes, though it |
| good street is worth about $750,000 to | | | | could suit first-home buyers up for a |
| $800,000. For the average person, to buy that | | | | challenge. What you have to remember is that |
| house at $685,000 and then have to spend a | | | | there are no guarantees with a house that |
| small fortune on renovating, is ridiculous, | | | | needs renovating, and the costs may outweigh |
| because there is no money there to be made. | | | | the problems involved. |