{"id":21613,"date":"2018-07-05T01:00:53","date_gmt":"2018-07-04T15:00:53","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=21613"},"modified":"2018-07-05T01:00:53","modified_gmt":"2018-07-04T15:00:53","slug":"diy-home-improvement-design-vaughan-keenan","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/diy-home-improvement-design-vaughan-keenan\/","title":{"rendered":"DIY home improvement design \u2013 Vaughan Keenan"},"content":{"rendered":"

If \u2018improve\u2019 rather than \u2018move\u2019 is the option you are considering then veteran renovator and home decorator Vaughan Keenan<\/strong> might just be able to save you time and money.<\/p>\n

Transcript:<\/strong><\/p>\n

Kevin:<\/strong>\u00a0 We\u2019re seeing a lot more people in the marketplace now wanting to improve rather than move, so when it comes to renovations, where can you go wrong, how to avoid the traps? I\u2019m talking in this segment to Vaughan Keenan. Vaughan is from Grace and Keenan and has an extensive experience at both renovation and decoration.<\/p>\n

Vaughan, welcome to the show and thanks for your time.<\/p>\n

Vaughan<\/strong>:<\/strong>\u00a0 No, thank you, Kevin. It\u2019s a pleasure to be here.<\/p>\n

Kevin:<\/strong>\u00a0 I could call you the decorator to the stars, couldn\u2019t I? Because you\u2019ve done some work with Deborah Hutton.<\/p>\n

Vaughan:<\/strong>\u00a0 We have just recently, just helping her, basically, fix some of the pitfalls and traps that come up when you\u2019re renovating and also about it getting it right at the end of the day.<\/p>\n

Kevin:<\/strong>\u00a0 Yes, very important. Where do you see renovators go wrong?<\/p>\n

Vaughan:<\/strong>\u00a0 Basically, where most renovators go wrong, it\u2019s mainly about inexperience at the end of the day. They go to some of the experts \u2013 like architects and interior designers and also draftsman and bits and pieces from there \u2013 but they start their design on sometimes how they want it to look rather than how it needs to be to live in and how it needs to flow.<\/p>\n

Most architects, they want to design from the cutting-edge point of view as opposed to going, \u201cHow is this family going to live in the house?\u201d Also too, \u201cWho is going to buy it one day?\u201d because everyone moves at some point in their life. Whether that\u2019s a five-year period or a 50-year period, they do move on.<\/p>\n

So, the flow and how it\u2019s going to represent for the mass market is very important, and then you make the house pretty from there.<\/p>\n

Kevin:<\/strong>\u00a0 You\u2019ve obviously had extensive experience in this and you\u2019re obviously very good at it because you\u2019re in great demand. How much value does it add to a property? If you listed a property for sale and you did a makeover on it, are you able to give us a bit of an idea as to how much value that would add to the property?<\/p>\n

Vaughan:<\/strong>\u00a0 Basically, a makeover, nine times out of ten does add value but as long as they fix the floor plan. A lot of people go in and think \u201cWe\u2019ll give it a coat of paint. We\u2019ll pop a kitchen or bathroom in.\u201d But if they\u2019re actually putting all of that into a house where the floor plan doesn\u2019t work, it\u2019s not actually going to add that much value.<\/p>\n

So, if they fix the few pitfalls with the floor plan, then they start making it look what I call pretty and appealing to the mass market, they\u2019ll then make some money, which depending on cost\u2026 The old rule was whatever you spent on it, you would like to get that back plus the same again. So, if you spent $100,000, you\u2019d like to think the house is worth $200,000 more.<\/p>\n

Kevin:<\/strong>\u00a0 Is that always the case?<\/p>\n

Vaughan<\/strong>:<\/strong>\u00a0 Not always. Again, if they haven\u2019t fixed it properly or they haven\u2019t fixed some of the issues, because sometimes people think a \u201ctart up\u201d will fix it, but if you have structural issues or water problems or\u00a0[2:47 inaudible]<\/strong>\u00a0problems and you haven\u2019t fixed those, they normally rear their head at the end of the stage and then that affects the price.<\/p>\n

Kevin:<\/strong>\u00a0 When it comes to renovation, do you find that many people make the mistake of renovating it to their own taste as opposed to renovating it for the taste of the people they want to target or market?<\/p>\n

Vaughan<\/strong>:<\/strong>\u00a0 Definitely. When people start adding bright colors to a house, carpets that are funny patterns, built-in cabinetry that no one else would want, often, that doesn\u2019t add any value. It\u2019s a little bit like spending money on C-Bus lighting, which is a computer-controlled lighting system. People think that\u2019s great for them, but it\u2019s not going to add any value.<\/p>\n

A little bit like solar panels and everything, because you would want to make sure that it\u2019s going to add value where sometimes those things don\u2019t add value to the people who don\u2019t want them.<\/p>\n

Kevin:<\/strong>\u00a0 Do you think, therefore, that if they\u2019re going to be looking at selling, people should make everything fairly neutral, or can you have splashes of color in different places?<\/p>\n

Vaughan:<\/strong>\u00a0 You can do the odd feature wall because then, say, if I was selling it for somebody, I would say \u201cListen, if that feature wall offends you, you can paint it out.\u201d That\u2019s an easy fix. It\u2019s when you see online sometimes, sometimes people put in a kitchen that\u2019s bright red with black bench tops or something. That\u2019s an expensive fix if people don\u2019t like it.<\/p>\n

So, the fundamentally expensive things to change should all be very neutral.<\/p>\n

Kevin:<\/strong>\u00a0 You talked earlier about solar panels and so on and technology. Is it worthwhile putting good technology into a property, or is that really designed for and over a certain value style property? Can you over-value with technology?<\/p>\n

Vaughan:<\/strong>\u00a0 Definitely. And it also depends on your age group of person buying your property. We just sold a house in Ascot, and that sold in the mid-$4 million range. That property had intercom, it had security, and it had a normal lighting system and a home hub so that you could patch things through, but it didn\u2019t have any other technology. The people who purchased that house were in their 50s. They didn\u2019t want the technology because they actually find it hard to manage.<\/p>\n

You would think in a $4 million home, it should have all of that, but most people spending that sort of money, they\u2019re not in their 20s or early 30s. They\u2019re a slightly older crew where, say, a modern, new apartment, they normally put a bit of technology in there because the age bracket of the person is a little bit younger and they\u2019re used to technology.<\/p>\n

Kevin:<\/strong>\u00a0 Yes, it raises a really interesting point, doesn\u2019t it, about if you\u2019re thinking about selling your property, maybe you should get an agent like you in to say \u201cWho do you think this is going to be targeted at and how should I prepare? What are the things people in this price range and this age group expecting in a property?\u201d<\/p>\n

Vaughan:<\/strong>\u00a0 Definitely, and also, too, how it\u2019s staged and presented as far as furniture goes. If you\u2019re selling an apartment on the river at Newstead in one of the more expensive buildings where they\u2019re $2.5 million upwards, that furniture has to relate for down-sizers. They want comfort, they want ease, they want it to feel like something they would have at home. If you\u2019re selling a $600,000 apartment in Newstead to the younger crew, they want it all very modern and minimal and slick. Not so much about comfort; it\u2019s more about a look.<\/p>\n

Kevin:<\/strong>\u00a0 So really think about the person who will be buying your property and then make it fit that demographic.<\/p>\n

Vaughan<\/strong>:<\/strong>\u00a0 Exactly. And keep it nice and broad. In some cases, there\u2019s a crossover, so you also have to style it and present it to suit both markets as well. So, definitely talk to agent who knows your area or knows your marketplace before you put it on the market on how you present it. Otherwise, you might present it and you have to re-present it again, and then you\u2019ve wasted money.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>Thanks, Vaughan. Great advice. You can reach Vaughan and the team at Grace and Keenan, GraceAndKeenan.com.au. Thanks for your time, Vaughan.<\/p>\n

Vaughan<\/strong>:<\/strong>\u00a0 No problem at all. Thanks, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

If \u2018improve\u2019 rather than \u2018move\u2019 is the option you are considering then veteran renovator and home decorator Vaughan Keenan might just be able to save you time and money. 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