Investors
Renovating a residential investment property is not the same as renovating your home. As an investor it is critical that we do not over capitalise and spend money in areas that will not maximize return, value and meet the needs of your rental market.
Why renovate?
- Add value to your investment therefore increasing your equity
- Increase you rental income
- Attract a better, long term tenant who respects and looks after the property
- Increased depreciation allowances
Your team of project managers, builders, trades people, designers and architects are all handpicked to ensure the renovation is on budget, on time and coordinated to add maximum value to your investment property.
Case Study
This is a property we recently purchased for a client and renovated to add value, attract a better tenant and increase rental return.
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Cadby, Melton South " With AllianceCorp's help we purchased our second investment property and renovated our first. We are so happy with our progress and are looking to purchasing our third. If it wasn't for the DVD and coaching session we doubt whether we would have had the confidence to take action. We recommend anyone considering a property portfolio to book a coaching session with AllianceCorp." |
Financial Return: Description |
Figures |
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AllianceCorp purchased and renovated a unit in Flemington. The clients were so impressed that we also renovated a single fronted weatherboard around the corner that they purchased for $100k 10 years ago. We renovated the property internally and externally in under 7 weeks. |
Purchased |
$ 400,000 |
If renovating your investment property is so worthwhile why doesn’t every property investor do it?
The reason why most investors don’t renovate is cash flow, lack of experience and time. Many investors do not have a master facility finance model (refer to our DVD – Achieving financial security through property investment strategies safely and securely) that allows them to finance their renovation. Those that do are not sure where to invest the money, what the outcome will be and how to organise the renovation so that they don’t go over budget and time.
Krasic, East Bentleigh
We understood the benefits of a value adding renovation for our investment property but as two professionals did not have the time or experience to go ahead. We thank AllianceCorp Renovations who provided us with a commonsense solution that exceeded our expectations.
Renovation Advantage Package
Our team of experts will take the headache out of renovating a property yourself and maximize returns through design and experience.
Package Inclusions:
- You will be assigned a project manager as your sole point of contact for the renovation
- Our team will inspect your property and present you with a proposed renovation quote and design
- Our quotes will ensure that you achieve significant savings due to the securing of trade rates for labour and materials
- You can be assured that the renovation represents current design trends in demand by tenants
- Through our proven processes and extensive skilled network we are able to turn around our renovations very quickly therefore cutting costs on lost rental
- We will manage all contracts and liaise with builders and trades people
- We will oversee building works and manage progress payments to the builder
- We will inspect building works for progress and quality
- On completion, we will present the renovation to you
Project Management Fee: 10% of renovation cost (paid on completion)
A small price to pay compared to the benefits of a successful renovation.
The AllianceCorp Difference
AllianceCorp Renovations are members of the Housing Industry of Australia (HIA). Our association with the HIA ensures that we are always aware of any changes to building methods, technologies and legislation; which means we’re able to deliver a better product and safeguard your interests at all times.
We only use fully-insured, licensed trades’ people who comply with the Building Code of Australia and all other applicable Federal and State Legislation.