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AS FEATURED IN

Making $100k in One Month Through Renovation

Manufacturing Equity

Is it really possible or is it just a myth?


It certainly is possible however there are numerous factors at play that ultimately determine the outcome. Let's start with some of those;


Purchase Price

If you buy under market value then you are already off to a great start. Using the below example pictured, the value of the property in its original condition was approximately $520,000 so there was some equity made on the way into this purchase through a combination of good negotiation, market sentiment and the run down nature of the property


Renovation Costs

Nothing beats getting in there and putting in some hard yards. Thousands can be saved on tasks that many of us have the capacity to do ourselves such as gutting out the existing structure, sanding, painting to name a few.

Seeking recommendations for affordable and reliable trades will drastically reduce costs. Tasteful and luxurious looking renovations do not need to break the bank. Read on to find out the breakdown of the renovation pictured


Market Sentiment

Buying into a place where a premium is put on a finished product will pay out well for you. You want to make sure the consumer in your market sees the value in your finished product and is willing to pay accordingly.

The general market sentiment also plays a critical role for obvious reasons, if the market is performing well your valuation will come in favourable as you have high recent sales as comparisons. Conversely if the market is going through a lull then your valuation will not come in a strong.


APRIL 2019

Purchase Price $486,000 Renovation Cost $17,000

All in $503,000


MAY 2019

Bank Valuation $600,000

NOVEMBER 2019

Bank Valuation $640,000