Mini-Makeover Case Study – Tarragindi
This 4 bedroom, 3 bathroom Queenslander in Tarragindi, was appraised in late 2014 at $700,000. On close inspection the bathroom was severely water damaged, the kitchen was inadequate and the property hadn’t been painted in more than 15 years. The bathroom including floor had to be gutted and a new bathroom installed. The kitchen was renovated, the home was painted, new light fittings installed and staged for sale. It sold for $800,000.
Keryn engaged Nush Kingi from Mana Homes to embark on the following improvements:
- Painting: $5,000.
- Kitchen Renovation: $14,000.
- New Bathroom: $16,500.
- Staging: $5,500
- Light Fittings: $400
- Electrician: $500
| Sale Price: | $ 800,000 |
| Pre-improvement appraisal: | $ 700,000 |
| Difference: | $ 100,000 |
| Less Improvement Costs: | $ 41,900 |
| Profit: | $ 58,100
|
Living Area – Before
Living Area – After