How It Works
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Our clients at this property in the South Auckland suburb of Mangere wanted a full house renovation of their rental property to bring it up to the latest healthy homes standards, increase their rental yields and attract better-qualified tenants. The goal was also turning this property into a worry-free investment: minimizing any future maintenance costs and stress from dealing with constant issues.
By cutting back the wall between the kitchen and living room we have created a smooth transition between the kitchen and living area and greatly enhanced the function and layout of this room. The high ceiling, now painted all white, makes the living area look taller and grander.
The existing kitchen was very outdated, with cabinets falling apart and was in desperate need of upgrading. We have installed new melamine cabinets with stainless steel handles and an engineered stone benchtop. The main reason we recommend using the engineered stone rather than the laminate is its durability and ease of maintenance. The stone also makes the kitchen look very attractive.
By replacing the existing vanity, bath, and mirror with new, modern units and installing large marble-pattern tiles around the bath we have added comfort and beauty to this room. By keeping the colors light and bright we have managed to make the bathroom feel bigger.
For any areas exposed to water and dampness, we recommend installing vinyl – it’s waterproof, durable, and cost-effective. Our client has decided to follow our advice to install the heavy-duty vinyl flooring in the kitchen, dining room, and bathroom. The solution-dyed nylon cut pile carpet was installed in the lounge and bedrooms. The high-density underlay and 40 ounces carpet thickness makes it feel very luxurious and will last longer than the cheap low-density polyester products.
Installing an exterior hot water cylinder and converting the hot water cylinder into the cupboard created more storage. We have also upgraded the switchboard to comply with the electrical codes.
Project Summary – Cost and Returns
Scope of work: Kitchen renovation, Bathroom renovation, flooring replacement in all the rooms, full interior paint, switchboard upgrade.
Completion time: 4 weeks
Rent increase: $75/week = $3900/year
Loan interest (based on 3%): $1650
Added value approx.: $80000 =45% ROI
“Great service by Ramin and his team. They kept their promises and stuck to the timeframe. All done in 4 weeks and looks amazing.”