Renovator or Ruinmaker?

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• Structural Problems• Invisible Money Suckers• Problems into Profits

Renovator or Ruinmaker?

Structural Problems

Watch your step!

Structural Problems

Watch out below!

Structural Problems

What a cracker

Structural Problems

Stumped

Structural Problems

Did the earth move for you too, darling?

Structural Problems

Invisible Money Suckers

Wrong materials

Invisible Money Suckers

Combined drains

Invisible Money Suckers

Lead paint

Invisible Money Suckers

Termites / borers

Invisible Money Suckers

Flight paths

Invisible Money Suckers

Flooding

Invisible Money Suckers

Foundation problems

Invisible Money Suckers

• Settling soil• Swelling soil• Unconsolidated fill

Asbestos

Invisible Money Suckers

Non-conforming use

Invisible Money Suckers

Overland flow

Invisible Money Suckers

Galvanised plumbing

Invisible Money Suckers

Resumptions

Invisible Money Suckers

Resumptions

Invisible Money Suckers

Electrical wiring

Invisible Money Suckers

• Old houses often have small switchboards with little safety protection, deteriorated rubber coated wiring and few power and lighting points.

• Rewiring needs to be carried out by a licensed electrician who is required to provide certification of the electrical services on completion.

Glazing under thickness

Invisible Money Suckers

Problems into Profits

Problem: Cracking in cladding brickReason: Failed Council storm/water drain under wallCost to repair: Zero BCC fixed it by diverting the line and filling the old drain with concreteCapital Growth: $750,000 capital gain since purchase

Problems into Profits Case Study 1

Crooked House Before

Crooked House After

Problems into ProfitsCase Study 2

So how do you fix a crooked house?

Problems into ProfitsCase Study 2

Rod

Chain through the hole

Problems into ProfitsCase Study 2

Rod

Chain through the hole

Problems into ProfitsCase Study 2

Problems into ProfitsCase Study 2

Creating LandBCC Application fee SUD $ 5320Subdivision $ 2390Town Planning SUD

$ 2750Town Planning Reconfiguration $ 1155Surveyors Fee $ 550Architect Drawings

$ 3850Advertising $ 539Arborist $ 440Total $16994

Approval process 16-24 Weeks

Problems into ProfitsCase Study 2

Problems into ProfitsCase Study 2

Problems into ProfitsCase Study 2

Problems into ProfitsCase Study 3

Problems into ProfitsCase Study 3

Summary

• You often won’t get a return on repairing structural problems• Go with your head, not your heart• Research the land and the use, not just the dwelling• Employ the experts!• Start at the bottom and work up• Solving problems (cost effectively) can reap big returns