{"id":13690,"date":"2017-09-03T01:00:06","date_gmt":"2017-09-02T15:00:06","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=13690"},"modified":"2017-09-03T01:00:06","modified_gmt":"2017-09-02T15:00:06","slug":"renovation-with-the-x-factor-paola-tapia","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/","title":{"rendered":"Renovation with the 'X Factor' – Paola Tapia"},"content":{"rendered":"

Renovating is about transformation, and its limit extends to wherever your imagination is willing to take you. For instance, you don\u2019t have to be boxed in by the idea that a residence is just a residence when you may be able to transform it into a commercial property with super-sized yields. Hear how Paola Tapia<\/strong> did just that.
\nTranscript:<\/strong>
\nKevin:<\/strong>\u00a0 This week, we released a podcast that details for you what\u2019s inside the latest edition of Your Investment Property<\/em> magazine. Go and have a listen to that. You\u2019ll find it on the Your Investment Property<\/em> magazine channel on Real Estate Talk.
\nI feature in that podcast, along with a chat to Sarah Megginson from YIP who is the editor, a chat that we had with Paola Tapia. Paola is featured in the latest edition in a special renovation feature. She joins me here now to talk about another aspect of that renovation.
\nPaola, thank you very much again for your time. I\u2019m keen to talk to you about your tips on making sure that when we do a renovation, we don\u2019t overcapitalize. In the article, you talk about the importance of shopping around, getting your hands dirty, and doing a bit of shopping yourself. How important is that?
\nPaola:<\/strong>\u00a0 Thank you, Kevin. Yes, I believe that you need to be, obviously, very smart about what you\u2019re going to be spending and what you want to be investing, which is really what it is, an investment. When it comes down to prices, you do need to compare, but obviously, you need to make sure first of all that you\u2019re just working on the things that will make the difference.
\nFor any property, you need to make sure that you do just stick to the things that are going to make the difference and will increase the value of the property. Look at each specific trade and see whether it is something that would be easy for you guys to do or just outsource to the best people who have the experience.
\nKevin:<\/strong>\u00a0 In the article, you talk specifically about some tapware, and there is an example inside the article where you compare two taps, one $619 and the other one $99, purchased at the same location but I would defy anyone to tell the difference. These are some of the things that you\u2019re talking about, are they?
\nPaola:<\/strong>\u00a0 When it comes to materials, yes, you can get things, but what I tend to do is just get good quality stuff if it\u2019s going to be for a long-term investment. But yes, do shop around and compare different suppliers. I wouldn\u2019t recommend to just go with the cheapest because obviously, then you have issues later on and if you keep the property, well, you\u2019re going to have to pay more later down the track.
\nWhen it comes to more the actual team who would help you do the transformation, you want to make sure that they\u2019re people who see your vision, who can work with you, and who can potentially, if you do have the time to invest into the renovation yourself, you can work with them.
\nIt\u2019s always easier to say \u201cYeah, I can do that,\u201d but when it comes to actually getting the work done, you need to make sure that you\u2019re going to get the same efficiency of someone who does it day in and day out. It\u2019s just a matter of shopping around and making sure that you get the best bang for your buck.
\nKevin:<\/strong>\u00a0 We see a lot of television shows, renovation shows, where they do actually spend a lot of time in styling the property. How much effort do you put into that, and how important is that, Paola?
\nPaola:<\/strong>\u00a0 Now, I do it as a business. I help other people with that, getting their properties ready for sale. I think it depends on what the property is going to be used for. If you\u2019re going to rent it out, and obviously, giving that styling\/vision of what they could do with the property when they move in is obviously great because people don\u2019t actually imagine what they\u2019re going to be able to do with the space and the flow.
\nFlow is super-important. When people see something styled, you want to make sure that the furniture highlights the space in the property, the access, the movement, what you can actually do with it.
\nWhether it is for buyers or for tenants, styling the property is always going to give you that, but also, now that I do it as a business, you can see how people are prepared to pay a lot more money for a property because they can imagine themselves in that property because it looks good, because it feels good, and they don\u2019t have to do anything when they move in.
\nYes, it\u2019s definitely something that is important to do, and it\u2019s going to maximize the potential at sale and also for rental as well. It\u2019s going to give you good tenants. It\u2019s going to give you tenants who are going to look after your property. And it\u2019s also going to attract a lot more people to the open house.
\nKevin:<\/strong>\u00a0 There is some great advice inside this article. It\u2019s inside the latest edition of Your Investment Property<\/em> magazine. Make sure you also have a listen to the podcast, the special podcast that\u2019s now on the YIP channel on Real Estate Talk.
\nPaola Tapia, thank you so much for your time. Congratulations on your work, and thank you for talking to us today.
\nPaola:<\/strong>\u00a0 Thank you very much, Kevin.
\n <\/p>\n","protected":false},"excerpt":{"rendered":"

Renovating is about transformation, and its limit extends to wherever your imagination is willing to take you. For instance, you don\u2019t have to be boxed in by the idea that a residence is just a residence when you may be able to transform it into…<\/p>\n","protected":false},"author":176692471,"featured_media":14637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,10,11,13,36,21,25],"tags":[101],"class_list":["post-13690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-renovation-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nRenovation with the 'X Factor' - Paola Tapia - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Renovation with the 'X Factor' - Paola Tapia - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"Renovating is about transformation, and its limit extends to wherever your imagination is willing to take you. For instance, you don\u2019t have to be boxed in by the idea that a residence is just a residence when you may be able to transform it into...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-02T15:00:06+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Renovation with the 'X Factor' – Paola Tapia\",\"datePublished\":\"2017-09-02T15:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/\"},\"wordCount\":970,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Case Studies\",\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment\",\"Renovation\",\"Sponsored Channels\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/\",\"url\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/\",\"name\":\"Renovation with the 'X Factor' - Paola Tapia - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-09-02T15:00:06+00:00\",\"author\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/channels.realty.com.au\/realtytalk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Renovation with the 'X Factor' – Paola Tapia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/#website\",\"url\":\"https:\/\/channels.realty.com.au\/realtytalk\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Renovation with the 'X Factor' - Paola Tapia - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/","og_locale":"en_US","og_type":"article","og_title":"Renovation with the 'X Factor' - Paola Tapia - Realty Talk","og_description":"Renovating is about transformation, and its limit extends to wherever your imagination is willing to take you. For instance, you don\u2019t have to be boxed in by the idea that a residence is just a residence when you may be able to transform it into...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/","og_site_name":"Realty Talk","article_published_time":"2017-09-02T15:00:06+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Renovation with the 'X Factor' – Paola Tapia","datePublished":"2017-09-02T15:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/"},"wordCount":970,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Case Studies","Kevin Turner","Kevin's Update","Latest Stories","Property Investment","Renovation","Sponsored Channels"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/","name":"Renovation with the 'X Factor' - Paola Tapia - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage"},"thumbnailUrl":"","datePublished":"2017-09-02T15:00:06+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/renovation-with-the-x-factor-paola-tapia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Renovation with the 'X Factor' – Paola Tapia"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/13690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=13690"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/13690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=13690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=13690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=13690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}