Posts Tagged ‘Renovate’

“Dodgy” Renovations up 25%

Sunday, July 26th, 2009

Complaints about home renovations have jumped by more than 25% so far this year exposing several cases where builders have failed to take out indemnity insurance.

The office of Consumer and Business Affairs has received 87 complaints about home renovations in 2009 compared with 65 for the same period last year.

Consumer Affairs Minister Gail Gago said the rise in complaints could be a reflection of people taking cheaper options during tough economic times. “Cutting costs creates a false sense of economy because often homeowners will land themselves even bigger bills fixing inadequate work or having no recourse against unregistered tradespersons” she said.

By law builders must take out indemnity insurance if the work costs $12,000 or more and requires council approval.

To report a renovation concern, contact the OCBA on 8294 9777. To check a builder is licensed check the Licensing Public Register at 222.ocba.sa.gov.au.

BRAD CROUCH Adelaide Advertiser

Renovate For Profit Tips

Tuesday, July 21st, 2009

3 Tips on Renovating For Profit

Tip One

When it comes to assessing the value of a potential investment property/renovation don’t rely on the advice of family and friends. Everybody thinks they’re an expert in real estate – they’re not, so make sure you do your homework thoroughly so you’re an informed buyer.

Tip Two

Value your time! If the property you’re considering renovating is an hour’s drive from your home and you’re planning to take three weeks doing the renovations yourself, factor in the two hours a day traveling time at whatever your hourly rate is so you get an accurate picture of what the renovation is likely to cost you.

Tip Three

When you buy an investment property to renovate you have entered the property business. Treat the experience like a business and be business-like in your approach.


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