{"id":5277,"date":"2015-08-04T01:00:29","date_gmt":"2015-08-03T15:00:29","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=5277"},"modified":"2015-08-04T01:00:29","modified_gmt":"2015-08-03T15:00:29","slug":"top-10-reno-tips-the-reno-kings-part-1","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/top-10-reno-tips-the-reno-kings-part-1\/","title":{"rendered":"Top 10 reno tips – The Reno Kings. Part 1"},"content":{"rendered":"

 
\nIn today’s show the Reno Kings \u2013 Paul Eslick<\/strong> and Geoff Doidge<\/strong> \u2013 give us their all time top 10\u00a0road-tested tips to get the most out of a renovation. Listen to Part 1 now!
\n 
\nTranscript:<\/strong>
\nKevin<\/b>:\u00a0 When it comes to renos and you want to know some top tips, you only go to one place, don\u2019t you? You go to the Reno Kings. We have Paul and Geoff on the line.
\nGood day, guys. How are you?
\nPaul:\u00a0 <\/b>Great, Kevin. How are you, mate?
\nKevin:\u00a0<\/b> Fantastic, thank you. I\u2019m really looking forward to your top ten tips. I asked you to put them together. Hey, Paul, do you want to lead off? What\u2019s the first one?
\nPaul:\u00a0 <\/b>Not a problem, Kevin. Look, one of the first and best and easiest ways to add value is to add a front fence. It\u2019s the best reno you can do. The fence is the frame around the Mona Lisa<\/i>, guys. Anyone can build one, or you can get someone in to come and do it for you, or even do a course at a local hardware shop.
\nFor existing tenants, it gives them security and helps hide in their children and hide in those pets. A lot of landlords don\u2019t like to have pets. I\u2019ll tell you what, Geoff and I, we love to have pets. I don\u2019t know of anybody who doesn\u2019t have a pet who is a tenant, and that can raise the rent.
\nYou can put another tip here, guys. Go on and put a kennel in there. You can raise the rents and also depreciate it at the same time.
\nAnother reason for putting in a fence is the valuer. The valuers these days are doing a lot of RA, which are restricted assessments. They\u2019re driving past at about 60 kilometers an hour. They like to look at street appeal. One of the best things to do is put a fence up there. It will look fantastic.
\nAnother reason you put up a fence around the front there is your banker. They like to see where they\u2019re money is parked at a polished residence. Putting a fence around the front of your place, it just gives it street appeal. It makes it look fantastic, Kevin.
\nKevin:\u00a0 <\/b>Talking about street appeal, what about that front veranda?
\nPaul:\u00a0 <\/b>Kevin, that\u2019s exactly right, that front veranda. A lot of enclosed verandas look terrible and they have no street appeal. That\u2019s come since the Second World War, when they had to enclose it to create more inner space after the War. They had a baby boom, so what they\u2019ve done is they\u2019ve enclosed it and left it like that.
\nI\u2019ll tell you what you do. You go in there and you open it up. It goes back to the original, and it looks so much more street appealing. You get the breezes. You get to know the neighbors. It\u2019s a no-brainer.
\nMost of the existing balustrades, handrails, just check that they\u2019re in good condition. They\u2019re already sitting there. All they\u2019ve done is framed on the outside and enclosed it in the there. Open that up, and you\u2019ve opened up yourself to a great, big amount of capital gain.
\nKevin:\u00a0 <\/b>The tenants love it, as well, don\u2019t they, Paul?
\nPaul:\u00a0 <\/b>Of course. You know why? Because they can sit out there. They can look. It gets the breezes. The idea of having a veranda wherever you go is to give you shade, to give you some outdoor breezes. You don\u2019t have to have the air conditioning on. You\u2019re outside, enjoying life.
\nOne of the best things that we always do when we have a veranda, or even a deck, is go there and put in a barbeque. That can also increase the rent and, at the same time, make sure the people dine out more than inside and make that kitchen last longer.
\nKevin:\u00a0 <\/b>Geoff, what about you? Have you got a tip for us?
\nGeoff:\u00a0 <\/b>Yeah, I have one. It\u2019s a very simple on. I agree Paul with the street appeal. The other one is that you know how long it takes to paint a house. I bought this house. It was very heavily shaded by trees and so forth. What happens, when you get that, is you get mold build-up. All the [3:13 inaudible]<\/b> were black. There was mold over the walls. I hired a guy. He was ridiculously cheap. In an hour, he went around with his chlorine wash and cleaned that place up.
\nJust to tell you how good this was, I did other renos as well, and I got a valuer in to value the place. He said, \u201cFantastic paint job you\u2019ve done here.\u201d I hadn\u2019t painted. I didn\u2019t say anything. I just nodded. I got a really good value for that place. It\u2019s so easy.
\nI\u2019m not an accountant, but if you paint the house in the first 12 months, you might not be able to claim that on maintenance. Check that with the accountant. But this way, it was almost as good as a full paint job.
\nKevin:\u00a0<\/b> Paul, Geoff\u2019s talking now about painting. Paint is really a great way to improve a place, isn\u2019t it?
\nPaul:\u00a0 <\/b>Kevin, it\u2019s one of your best bang for your bucks. I don\u2019t know of anyone who can\u2019t paint. I can tell you, one of the best tips here, if you\u2019re going to get out there and paint, get your head around an airless sprayer.
\nI painted a three-bedroom house internally, all the rooms, in 63 minutes. I\u2019ll tell you what, it looked absolutely fantastic. You can hire those for about $100 a day. Get lessons with water before get out there. Do that with the hirer. It\u2019s a dangerous tool, so make sure you follow the instructions. What we do is you always use water-based paints.
\nNo matter what, painting is your best bang for your buck. Whether you use an airless spray, you roll it, or you use the old-fashioned paintbrush, you can get in there and get out quickly. If it\u2019s a rental property, it\u2019s a business. Don\u2019t go in there with your thoughts of what you\u2019d like to see in that property.
\nGo in there and paint the whole thing the one color. If you want to pick out some feature walls, do so. We don\u2019t any more. We\u2019re in and out quickly. It\u2019s a business. I\u2019ll tell you what, I\u2019ve never had a tenant come around one of my rental properties and say, \u201cIt\u2019s all the same color. I can\u2019t rent this.\u201d
\nPainting, Kevin, is your best bang for your buck.
\nKevin:\u00a0<\/b> I\u2019ll tell you what, I think the first place where I ever saw the two of you was on A Current Affair<\/i>, when you ripped through a house and you painted it in no time at all.
\nPaul:\u00a0<\/b> I can tell you that Geoff stood still for a second, and I painted him by accident. Look, you have to move when I\u2019m in there with that paint. Kevin, people just don\u2019t understand the value of a paint. I\u2019ve got a thing here with paint. When I go and pick it up, I look for the heaviest can, because I think the heaviest is the best quality.<\/p>\n","protected":false},"excerpt":{"rendered":"

  In today’s show the Reno Kings \u2013 Paul Eslick and Geoff Doidge \u2013 give us their all time top 10\u00a0road-tested tips to get the most out of a renovation. Listen to Part 1 now!   Transcript: Kevin:\u00a0 When it comes to renos and you…<\/p>\n","protected":false},"author":176692471,"featured_media":5278,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,13,25],"tags":[101],"class_list":["post-5277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-latest-story","category-sponsored-channels","tag-podcast"],"yoast_head":"\nTop 10 reno tips - The Reno Kings. Part 1 - 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\/top-10-reno-tips-the-reno-kings-part-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 10 reno tips - The Reno Kings. Part 1 - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  In today’s show the Reno Kings \u2013 Paul Eslick and Geoff Doidge \u2013 give us their all time top 10\u00a0road-tested tips to get the most out of a renovation. 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