Video testimonial by Joanne & Steve Hilson for their House Renovation completed by Superior Renovations ® located in Greenlane, Auckland.
“Knowing that we weren’t there while it was being done as well was the best part, we were on the beach, and the renovation will be done”
“Working with Kevin and the team was easy because we weren’t having to ring up different suppliers ourselves, it was like one team does this, another team does that – and everything was done for us under one roof. Kevin had a contact for everything, and the experience was simple. You hear a lot of horror stories about doing renovations and I was like, well that was very easy”
The renovation included:
Kitchen Renovation
Removal of wall to become an open plan
Bathroom Renovation
Toilet Renovation
Addition of a New Toilet
New Laundry
New Custom Storage Area
Consent Process
Still have questions unanswered? schedule a no-obligation consultation with the team at Superior Renovations
Are you looking at adding comfort and convenience to your home? Or renovating for an investment property?
Intention or motive is a key factor when planning your home renovation. It will determine your budget, the type of suppliers, raw materials, design and time-frame of your renovation. When you are renovating with the intention of renting it out or selling then your budget can be more limited as you do not have to make the house luxurious.
As long as it is functional and aesthetically pleasing with everything working well then you can look at getting more medium range supplies. However, if you are going to be living in the house then you might want to splurge more on design and luxury along with making it more functional.
In this article we will discuss the following:
We will discuss there broad intentions for renovating a home in Auckland. This guide will provide a comprehensive guide for planning your renovation based on 3 broad categories. It will talk about budget, types of materials that we recommend for the three types of renovations based on your intention to renovate in Auckland.
Renovations for when you want to rent your house in Auckland
When you want to add value to your home to sell in Future
Home Renovations for a family home – to increase functionality and comfort
1. Intention of renting your property
When you are renting your property your two aims should be aesthetics and functionality. When it comes to aesthetics you want to renovate your kitchen and bathroom with a medium range budget. Tenants are looking for a place which is modern and with minimal wear and tear. They also look for homes that are functional so they face the least amount of inconvenience.
Kitchen renovations in Auckland for rentals
Kitchen is one of those places that should always look and feel clean and hygienic. Old Auckland kitchens usually have a dated look about them which make them look aesthetically unappealing. No matter how any times you clean them they always appear slightly worn out and yellow. Hence, giving your kitchen a makeover greatly increases its chances of being rented at a good price. An easy way to renovate old kitchens is to replace the flooring, counter tops and work benches.
You can use mid-range materials for counter tops which will look nice and are durable but will not break your bank. Materials such as laminate, Engineered stone and glass counter-tops could be a great option for the kitchen if you are looking at renting the house out. They look great and will instantly make the home look much more appealing to the tenants. Laminate flooring is also a good option for such kitchens as they look great, are good for the budget and are durable.
If your bathroom is looking grimy then it is best to get it renovated before renting it out. An average bathroom renovation costs about 15K if you are replacing the shower, toilet, adding a vanity and replacing the floors. You can use Vinyl floors or simple tiles for the bathroom at a very reasonable cost. Basic showers and toilets can also be found at a reasonable price. If you are not changing the pluming around then bathroom renovation costs can be done at a very minimal cost.
Adding Rooms
One of the tricks for getting most out of your rental property is to make larger rooms into two different rooms. If you have a two bedroom home then it would be rented for about $550 on an average in most Auckland suburbs. But if your lounge is very spacious, you could erect a wall making a small study out of the lounge. This would give you a third bedroom or study. This would effectively let you increase the rent of your place. The added wall would cost you as much and is almost always possible because there is no structural change if the wall is added inside the house.
If your home has started looking worn down then a good paint job throughout the house can also prove to be a good investment. The important thing is getting it done by a professional. A good paint job will make all the difference to your home and overall aesthetics of your rental property.
2. Intention of reselling or adding value to your property
If you are thinking of selling your house in the future then you should renovate with the intention of adding value to your home. Adding value does not mean that you have to spend a lot of money to ‘add value’. The perceived value of your home is the buyer’s perception of your home.
They want the foundation and structure of your home to be sound as they do not want to buy something that they will have to put more money into ‘fixing up’. Some of the key elements of the house like kitchen, and bathroom also need to be in good condition so that they do not have to spend money in maintenance like fixing leakages etc or even renovating.
Kitchen renovations and Bathrooms renovations to add value
When trying to sell your home you want to make sure that your bathroom has no plumbing issues, leakage or damage. That is the first thing that you should fix. You do not have to install the latest fixtures or accessories if your present toilet and shower are still in good shape. If they are however dated then it would be a good idea to pull the old bathtub out and install a new shower. The idea is to make the buyer have a higher perceived value of the home.
The kitchen is another aspect of the house that should be looked into before selling your home. If your kitchen is very outdated and has started to look shabby then a change is in order. Change the flooring and pull down the old cabinets to give your kitchen a fresh new look. There is no need for customisation; simply use the most basic cabinets and counter-tops to make it look modern.
Todd Chandler’s Home renovation in Saint Heliers to Add Value before Selling (see case study below)
When selling your home it is good to stay away from modelling your rooms after certain themes. This might actually become detrimental to the sales process as your personal themes might not appeal to the buyer. If you are going for classic themes then it would be okay as classic timeless themes do appeal to most people. We would however not recommend renovating your home keeping a theme in mind as the return on investment for a project like that would not be great.
Painting in Auckland for Adding value
Adding a fresh coat of paint to the exterior and interior of your home can also add considerable value to your home in the minds of the buyers. Again, we would advise you to paint in neutral colours as opposed to bold colours. Buyers will be willing to buy a house at a higher price if the house is well painted and looks striking.
Adding a deck to add value to a house
Add a deck to the house to instantly increase the value of your home. If you do not have a deck but do have the space on the outside of your home then we would recommend you to add a deck. The return on investment for building a deck is exponential as buyers would pay much higher for a home which provides them outdoor living.
3. Intention of giving your Family home to add comfort
When it comes to doing your own home renovation, then the options are unlimited. You can renovate your home based on your priority and needs of your family. If modernising your home is a priority then kitchen and bathroom would be the first few things to consider renovating. If you want a stylish makeover then you have plenty of options based on your budget, trends and personal preference for your home renovation.
Kitchen renovation in Blockhouse Bay for a family home (see case study below)
If you want more functionality then consider changing the interior of your cabinets to the current shelf storage system trend. These cabinets have custom built shelves in cabinets for different types of appliances. This saves space and adds functionality to your kitchen. There are also numerous styles and designs available for designer kitchens if you want to add a touch of luxury to your home. Most renovation companies have an in-house designer that can help you with the design process and source supplies to complement the style of kitchen you are after.
Lynette and Henry’s Kitchen renovation was done keeping their lifestyle in mind (see case study below)
Bathroom Renovations in Auckland for a family home
You could renovate your bathroom based on the needs of your family. If you are a growing family then you could convert your en-suite into a separate bathroom and toilet. Or you could convert the bathroom and toilet to make a luxurious en-suite. This type of renovation will really depend on your budget and your needs.
Adding Rooms
You could add or pull down walls to either add rooms or make your current rooms more spacious depending on what you want out of your house renovation.
When doing your own home renovation, you should first ask yourself what you want and how much are you willing to spend. When you have a limited budget then drawing up a priority list is a must. If you have any problem areas like leakage then it is best to tackle that first as opposed to giving your home a makeover. If next on your list is the kitchen due to limited functionality then the best way to go forward would be to increase functionality rather than getting a makeover in terms of design.
When doing your home renovation we recommend using premium materials and supplies even if it means doing your renovation in stages. For example use granite or marble or solid wood for your kitchen counter-tops rather than laminate as you want to be able to enjoy the luxury of your home.
Guru and Neeta’s Kitchen renovation (Kitchen area + Bar area)
Featured Projects for Family Homes and Investment Properties
Investment Property to increase rental yield in Hillsborough
Our client had a 2 bedroom house in Hillsborough which fetching very little rent due to its state. It was an old house with a very old and dilapidated bathroom and kitchen. Our client renovated the entire house in accordance with the current tenancy laws. The bathroom and kitchen was renovated with mid-range durable and easy to maintain materials see full project specifications
Todd Chandler’s renovation in St Heliers to add Value before Selling
Todd Chandler initially started his renovation for the family but then decided to just add value to sell it. We renovated 3 of his old leaky bathrooms with mid-range materials. The entire house was painted and the decks were re-built in accordance to the code of compliance see project specifications
Full home renovation in Avondale for a 3 generational family living together
A full home renovation with structural changes, making space and room for 3 generations to live with comfort and convenience. This home needed to accommodate three generations with each generation having its unique needs in terms of convenience, comfort and aesthetics see full project specifications
What are the best rental renovations for my investment?
Rental renovations are very different from Family home renovations. This guide discusses these differences in terms of budgets, materials used and customisation. Kitchen and bathroom renovations are the top two renovations that increase rental return for investment properties. You can also read our article on 10 best ways to increase rental returns on our article https://superiorrenovations.co.nz/rental-renovation-and-upgrades/
Do I have to manage my own renovation?
Renovation companies like ours provide a project manager for every renovation who manages the entire renovation as well as all different trades involved.
Do i have to get my own builder, electrician or plumber?
If you are doing your renovation on your own and sourcing all trades then yes. However renovation companies like ours provide our clients with all the different trades which go into any renovation. So we would provide electricians, plumbers, tilers, builders, grouters, painters, plasterers, installers, waterproofer, and project management.
Do i have to get my own products?
Our company will provide all products required to renovate any given area of your home. We have longstanding relationships with our suppliers. We take you to our various supplier showrooms so you can pick and choose your fixtures, flooring, lighting, tiles. For kitchens we built custom cabinets.
Still have questions unanswered? schedule a no-obligation consultation with the team at Superior Renovations
Superior Renovations is quickly becoming one of the most recommended renovation company in Auckland and it all comes down to our friendly approach, straightforward pricing, and transparency. When your Auckland home needs renovation/ remodeling services – Superior Renovation is the team you can count on for high-quality workmanship, efficient progress, and cost-effective solutions.
Get started now by booking a free in-home consultation.
*Lending criteria, fees, terms and conditions apply. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
Are you trying to make up your mind about renovating your property or make improvements in advance before a new tenant moves in? or perhaps your renovating to increase the equity in preparation for selling?
When it comes to property investment, it is recommended you review your finances from time to time. Refinancing, at a better mortgage rate could help achieve a higher return. You may also want to contact your accountant or tax specialist to see if you qualify for any or further tax benefits.
Should I be spending money to renovate my rental properties, is it worth it?
In this article, I help you understand the maths behind improving your property and why undertaking renovations on your rental property could be financially beneficial, but also why you shouldn’t be renovating as well.
Some rental owners think that renovating their property isn’t financially worthwhile.
Common views from rental/investment property owners:
It is just a rental property. Even if I put in new fixtures and chattels in it, they will wear out anyway. Why bother?
I don’t understand much about the renovation. I’m not certain about where to begin or whom to talk to so it’s a bit of a risky investment.
If I make improvements in my rental property, it will be even better than our own home!
These are all valid points and not wrong to some extent, however we’re going to dig deeper to see what the data says. We will also address some of these questions in this article and hopefully provide you with enough information to make an informed/data driven decision that ultimately puts you financially better off.
If you’re looking for “specific” cost estimates, try our Renovation Cost Calculator Tools
Calculating the potential ROI of your rental property after the renovations
A simple and quick way to do so is to approximate the annual rent increase after renovations are done. Then divide that into the renovation cost.
For instance, imagine you spend $7,000 on making improvements to your kitchen between tenancies. We don’t mean setting up a brand new kitchen, but renovations such as repainting walls and cupboards, new floors, replacing bench top or acquiring a new stove.
Consequently, you can obtain a higher rent, probably about $30 every week.
By attracting higher income earning tenants
To retain existing tenants with the upgrade (after the increase in rent)
You can determine your return by calculating your yearly rent increase (52 weeks x $30). Then divide your answer into the renovation cost ($7,000). You should get 0.22, and you can multiply this by 100 to get a percentage (22.28%) – and that is your return on investment, which will pay for itself after 3-4 years (assuming you’re not increasing rent further, and you’re not selling).
Real estate investors are always looking for a high return on investment (ROI) when buying rental properties. Higher returns can be achieved and influenced in many ways. Real estate renovation is one of those ways.
Renovated rental units justify a higher rental rate – but it’s important you’re spending on the “right” renovations. There are a couple of other factors behind real estate renovation:
To maintain or improve the value of the investment property through necessary repairs or replacements
To increase equity
Rental property improvements to attract better-qualified tenants
Tax advantages
Reduced maintenance
Lower vacancy rates
Five things you need to know before you consider renovating your rental
When undertaking renovations on your investment property, avoid looking at it like it’s your own home, it should be a data-driven decision. What you want for your home is not necessarily what your investment needs to ensure best return.
Create a strict budget and research thoroughly and ensure to create room for contingency for unexpected costs – it is common with renovations – for example, if you’re renovating the bathroom, you may find that there is water damage in the subfloor which is common with the older properties.
Choosing the right renovations should not only increase the property value but also the rent.
Good renovations are “bulletproof” In the long term, a durable renovation will outdo a fancy renovation.
Don’t forget to consult your accountant, finance specialists and local renovation company (project manager) – get all your ducks lined up and make an informed decision based on data.
Renovations that add value in the property
I want to make improvements to my property to add value. To achieve this, I plan to spend $15,000 to paint the interior and replace damaged carpets to increase my property value by $30,000 and similarly raise weekly rent by $30.
Sounds good in theory! But it doesn’t always plan out that way. We can definitely speculate the return on investment, and the increase in rent (but is that what the tenant wants?).
If you are looking to renovate to add value, instead of looking at the “end result” first – begin with focusing on what you are in control of which is choosing what to renovate. By choosing the right renovations to begin with (within your planned budget) backed by data – the end result of the renovations is a given. Rental property owners tend to make the mistake of assuming what they think should justify increase the value or rent, but this subjective thinking leads to making the wrong decisions. Be careful where you get your advice from as well, everyone seems to have an opinion on what they think you should do to your property.
So we’ve put together a list of renovations that proven to add value and justify increasing rent.
Kitchen renovations
According to Realtor.com, kitchen and bath remodels offer nearly an 85% ROI, making them sound investments whether renting or selling. In lower income locations, renovating the kitchen can be extremely expensive and not worthwhile. However, there are simple kitchen cheats that you can use to ensure kitchen makeovers are cost-effective and still create an appeal. One of these is purchasing second-hand cabinetry online and using stain-block on your old cabinetwork. Perhaps even consider replacing the kitchen cupboards and draws assuming the carcass of the kitchen is still in good condition. For mid to high income locations, a full kitchen renovation is definitely worth considering because it would appeal more to the target audience. But with both options, consider the value of your property and make sure not to overcapitalise.
Street appeal
Although this appears overly simple, re-staining your fence, painting the roof and installing a new letterbox can give your home a new look that appeals to buyers and renters alike. This kind of renovation is best suited during spring when the weather allows you to paint outside, and your paint will dry quickly because of the warm weather. If you’re looking at selling the property, painting the home is the most cost-effective way to give the home a spruce up.
Bathroom renovations
A bathroom renovation is widely considered to increase the value of home significantly and it’s been stated by Business Insider that it can be up to a 70% return on investment. Whether a renovation is structural or simply cosmetic, an attractive bathroom will always appeal to the savvy buyer. But again, the decision to make minor alterations to the bathroom or to fully renovate the bathroom comes down to the location of your property (it would resonate with the target audience, eg Location with mostly growing families would prefer to have a bath), and to ensure you’re not over capitalising. Get the right lighting – Plenty of light is essential for a bathroom, but so is a warm and cosy glow. Check your lighting and see what you can change to make your bathroom appeal to your type of buyer.
Gardening & Landscaping
A smart garden appeals to everyone, and it all narrows down to your audience in the location (families, working professionals, or flatting situations). One thing to note is always go for plants that don’t need much gardening time or maintenance – don’t expect tenants to look after it (if they do, great!). These may be natives that are endemic to your area. Always ensure that your garden’s front lawn is tidy and trimmed. Also, berms ought to follow suit.
Floor Renovations
Carpets in old rentals act as hind outs for various crawling insects, including such as ants. While a carpet can be costly, there are cost-effective options to acquire one. One of these is purchasing in bulk. You will buy them at a reduced price, and you can use the extra carpets across your multiple rentals.
The most common floor renovation for rentals is converting from Carpets to Laminate flooring for multiple reasons such as:
Laminate flooring is much more durable, which means it will last longer then carpets (which leaves marks). After a while, carpet will start to fray and show obvious signs of wear. Although landlords can request for the carpets to be cleaned, it’s not going to stop it from general wear and tear. It’s important to note, landlords cannot get compensation for fair wear and tear, and distressed carpets usually fall into that category.
Tenants are becoming more health conscious and carpets are much more prone to attracting and clinging onto dirt, which means they get dirty quickly and need to be cleaned regularly. So it’s preferable to both buyers and tenants that if they’re choosing a property, laminate flooring would be ideal.
Laminate flooring is easy to clean and maintain, the process only requires a very moderately damp cloth and a sweep. For a thorough carpet clean, a specialist vacuum and shampoo is required, and it becomes more of a problem when there is spills/stains (which in some cases don’t come out)
Painting
Always seek professional painters to do the job – it seems like something that can be done by yourself but if not done properly, it’s very obvious and visible. Here’s an article that outlines whether you should DIY or Choose a Professional Painter. The most common painting project clients undertake is interior and exterior painting (not so much roof, normally a roof wash is sufficient), or replacing wallpaper to painted walls. Painting the property is one of the easiest and most cost-effective way to improve the perceived value of the property especially if surfaces look tired – it is also value added to potential buyers and renters. Check out blogs from Superior Painters (North Shore) for more information on painting your rental property.
New curtains and Blinds
Normally something easily forgotten – but it does make a difference. To give your property a refreshing impression before selling or renting it. Installing/purchasing new blinds and curtains can be as low as $2,500 for standard 3 bed home (8 windows).
Call in your mates
While you can have someone to provide their services in your house within a day, you can accomplish the same tasks or even more in much less time with your mates. Besides, you will have more fun doing it together.
Let there be light
Light shades offer decent and stunning looks in your rooms, but they can get pretty dingy after some years. Although it is relatively simple to get a replacement, you can restore their new and fresh look by performing an effective scrub. A common choice we get from home owners and rental property owners is replacing all the lights in the home to LEDs, for the following reasons:
LED lighting uses less energy (90% less energy)
LED bulbs last much much longer (landlords are responsible for replacing)
No need to change the fitting
LED bulbs are coming down in price every day!
And lastly, LED lighting is the preferred choice for all new builds now
What is the cost of renovating a rental property?
We need to be certain that the costs of carry out a renovation will be recovered in the long run through increased capital and rental appreciation.
The cost of renovating a rental is different (due to requirements) compared to if you were renovating your own home because:
Choice in materials – you’ll lean towards durability and what is cost effective
Features and extra amenities will be limited, functionality will be more important
Design will not be on top of the list, for example, you would rather choose to go with an acrylic shower base than a full tiled shower/bathroom.
Choice in fitting/product supplier will be on the lower end (but still good enough quality to be durable and long term) – although in saying this, taps, shower heads/fittings and mixers, always choose the better quality option over the cheapest.
Here is a break down of costs you can expect to pay for different renovations:
$40,000 to well over $100,000 (dependant on size of home and specs)
Renovation Costs Bathroom
Starting at only $8,500 for a basic alterations to an average spend of $18,000 – $22,000 for a full bathroom renovation.
Renovations Costs for Kitchen
Ranging from $2,000 to $5,000 for minor alterations (changing cupboards and draws) to an average spend of $22,000 – $28,000 for a full kitchen renovation.
House Extension cost
$100,000 +
Recladding cost
$150,000 +
Common mistakes made when renovating an investment property
In most cases, the renovation of investment properties is regarded as an unfailing plan that guarantees an increase in rental returns.
While this seems straightforward, the truth is it’s not always the case because when operating in an unstable market, the monetary gains of improving a property may be outweighed by equity loss.
Here some mistakes that are made by renovators of investment property.
Ignoring market trends and audience in the location
Some people who have owned investment properties for over a decade tend to think that they are in an advantageous position to carry out renovations. But what they might not know is the market keeps on changing. Such changes range from interior designs, property value, to tenants’ tastes. Thus, you are likely to miss out on your projected returns by ignoring current market trends. So before renovating your property, undertake research on recent sales of property, analyze current trends in the market, and consult those in the property industry business. A good example is like people leaning more towards properties with LED lighting (as mentioned above).
Failing to monitor the rental market
Monitoring rental markets are often not in the priority list of most property renovators. But property prices keep of changing, and if you don’t monitor their trend, you might be left with vacant properties to fill after prices fall. If you have old properties, you need to keep monitoring the rental market to ensure they remain competitive.
In saying that, if the market is flat lining and not appreciating in value – it might be a good time to renovate to increase it’s value if you are intending to sell/ or increase rent.
Tenants living in the property
If there are tenants residing in the property you are renovating, it will cause rental income loss if they need to move out while renovation works takes place. You may also be responsible for their belongings (storage cost), electrical bill, and water bill.
To avoid all these issues associated with tenants living in the property, make renovations plans in advance and plan out the renovation in stages to minimise loss rent – try to avoid having the tenants move out or do it when they are away on holiday. For example, if you’re renovating the bathroom, hire a porta-loo for them to use for the time being (negotiate a reduction in rent as a compromise as it’s not exactly ideal). Make appropriate scheduling for delivery of renovation tools and materials to minimise issues with the tenants.
Overcapitalising
There are cheap alternatives that smart renovators use to minimize costs while providing added value to their clients. But cheap renovations doesn’t always mean the best return on investment, it may even be detrimental (dependant on the location of the property and the target audience).
You need to recognize the amenities and services that drive tenants’ demands. Some alternatives will drastically minimize cost and end up with a finish that delivers projected value and results.
Refinancing to renovate
You are likely to get into arrangements that don’t pay off, for instance, by extending your home loan to cater for your property improvement. This is because a huge portion of your returns will go into loan payment.
If you must borrow to carry out renovations, you need to be confident that your improvements will bring about higher rental returns. This will help you to evade risky situations of making zero returns, considering the unstableness of the market. We’ve put together an article exactly for this, on how to finance your renovation via loan – courtesy of Linda from Loan Market.
7 questions to ask before starting renovations on your rental property
How will renovation influence my rental returns?
This should be the first question you need to consider before considering any renovation. Understand your reasons for conducting a renovation and what you’re expecting in return financially.
For example, renovating a devastated three-by-two house can increase the weakly rental rate by $50. (at a minimum, always use minimums to determine affordability – not what you think it’s worth) – Your weekly rental rates might shoot from $320 to $380. In a year, you will realize an extra $2,600.
Remember to be realistic with your estimations and projections. Don’t invest less and expect huge returns.
Repair or replace?
Never replace things that can otherwise be repaired or fixed. Since renovation is an expensive undertaking, you need to save it for those areas that require it.
In case you are working with a limited budget, and you still want to increase your returns, try these:
You can give your kitchen a new look by replacing countertops and handles, and replacing the cabinets/draws. Replace carpets and repaint walls to give the home a new freshness to it and give the impression of it feeling new.
Instead of thinking about replacing your kitchen sink or bathroom vanity, just cut costs by replacing the tapware (makes a bigger impression, if the cabinet is still in good condition)
What you should renovate (important)
Focus on vital and functional areas like the bathroom and kitchen, where tenants are likely to spend much time. Restoring these areas will have a huge impact on the daily living of tenants and rental returns as well. Is renovation vital to tenants?
Not every renovation work is important to your tenants. Some restoration will only enhance the resale value and not the rental value. For instance, a new toilet may appear good in the house; a tenant may regard it as just a toilet.
For your rental property to appeal to tenants, focus on aspects that are regarded highly by tenants. This includes having additional space or room and installing a heating pump for cold seasons.
Which material do you plan to use, and are they practical?
Although maximizing your property’s ROI is vital, you need not compromise on quality. Cheap fixtures and repair materials are prone to wear and tear fast, and you will be called to replace them sooner than you expected (focus on long term return/cost)
Besides, analyze the prices for different materials as they are likely to vary from one hardware store to another. Ensure that the materials you have chosen are suitable for your rental. About renovation materials, think more about their durability and not just costs. You will maximize your ROI by using long-lasting materials and it’s not an area to cut costs.
Is it too little or too much?
You shouldn’t overcapitalize the upgrades. In other words, keep it simple. The majority of the tenant will not bother to know how much that you invested in the renovation. They just want to have it functional so that it can fulfil their needs.
Be flexible in terms of considering cheaper but quality accessories. Also, think about the locality of your rental property and determine whether your upgrades would warrant an increase in rent (is it important to your target audience).
Is it a legal obligation to your tenants?
In New Zealand, rental laws are continually changing. From installing smoke alarms to making sure your property is healthy and safe, you should comply with all the legal obligations about rental properties and focus on these first before any other renovations/alternations.
It is worth noting that all forms of renovations should reflect and conform to the set laws as well – so make sure you’re using companies that are able to provide certificates/warranties. Rent increase also needs to conform to established stipulations. This includes giving advance notice prior to the increase.
We hope this guide has been helpful, and it gives you enough information to make an informed decision about renovating. Do let us know if you have any questions, and we would try our best to answer every question posted. Lastly, don’t forget to share your experience and tips that’s not mentioned here that you think will be valuable to those interested in renovating your rental property.
Please note:Whilst all information is considered to be true and correct at the date of publication, changes in circumstances after the time of publication may impact on the accuracy of the information. The information may change without notice and Superior Renovations is not in any way liable for the accuracy of any information printed and stored or in any way interpreted and used by a user.
To wrap up
Should I renovate my rental property?
Depends on what you’re trying to achieve and what you’re renovating, not all renovations are equal and all delivers different returns on investment – including a number of variables to take in consideration such as location, target audience, financial circumstances, current market trends etc
What renovations can add value to my rental property?
Kitchen renovations, renovations to increase street appeal, bathroom renovations, New Curtains and Blinds, and Lighting are amongst the most common renovations.
What are common renovation mistakes made with rental properties?
Ignoring market trends and audience in the location, Failing to monitor the rental market, Tenants living in the property, Tenants living in the property, and Refinancing to renovate if they can’t afford to.
How will renovation influence my rental returns?
Understand your reasons for conducting a renovation and what you’re expecting in return financially. For example, renovating a devastated three-by-two house can increase the weakly rental rate by $50. (at a minimum, always use minimums to determine affordability – not what you think it’s worth) – Your weekly rental rates might shoot from $320 to $380. In a year, you will realize an extra $2,600.
If you’re looking for “specific” cost estimates, try our Renovation Cost Calculator Tools
Superior Renovations is quickly becoming one of the most recommended Kitchen Renovation & Bathroom Renovation company in Auckland and it all comes down to our friendly approach, straightforward pricing, and transparency. When your Auckland home needs renovation/ remodeling services – Superior Renovation is the team you can count on for high-quality workmanship, efficient progress, and cost-effective solutions.
Get started now by booking a free in-home consultation.
*Lending criteria, fees, terms and conditions apply. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
“These guys are very very professional, every single one of them. They came around, they’re courteous, they put down drop sheets on the vinyl floor and put down sticky carpet covering through to the bathroom to make sure there was no mess and they’re just hard-working.
When you have people working in the house, that can be kind of annoying you know but with these guys it wasn’t annoying because you really didn’t know they were there, there was no upheaval, there was no chaos for weeks, it was just so smooth and that’s the bit that impressed me…”
Glen Eden, Auckland
Still have questions unanswered? schedule a no-obligation consultation with the team at Superior Renovations
“As I have seen them with dealing with their client, I have seen their professionalism in their work, so we can recommend them confidently to people to deal with them – very confidently because we have seen how hard working they are, and as I mentioned the word patience they do have….”
Albany, Auckland
www.bathandtile.co.nz
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“It now feels like a big, simple, inspiring space, whereas before it was a big space but it was very dated and there was a lot of distractions around – now it’s quite a nice clean, modern, minimalist feel to it. It felt like before, it was a 1980’s home, but now when you walk in, the house is impressive, it’s a lovely space to be in, it feels impressive and everyone who comes here are impressed and enjoys it – but it still feels like a home..”
Glendowie, Auckland
Todd’s Full House Renovation Project included:
☑️ Renovation of the toilet
☑️ Bathroom Renovation x 2
☑️ Laundry Renovation
☑️ Full Interior Painting
☑️ Desk Renovation
☑️ Interior door replacements
☑️ Interior Stairs and Balustrade Installation (Glass)
☑️ Wallpaper Removal and Plaster
☑️ Exterior Painting and installation of Balustrade
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Here are our 5 must-know bathroom remodelling ideas and tips.
A beautifully renovated bathroom can not only be a reflection of your personal style; it can also boost the value of your Auckland home. In fact, a bathroom overhaul can give you
the highest return of any home improvement! Here are our top 5 expert tips for a modern, luxurious renovated bathroom:
1. Know how much it costs
The first step is to determine how much money you’re willing to spend. Knowing your budget will help make better decisions on the scale of your remodelling project, the materials you’re going to use and what details you can splurge on. As you plan your budget, it’s always a good idea to allocate a little extra cash for any unexpected costs that might add up later. Your initial budget planning will go a long way as you move towards a better, renovated bathroom.
2. Plan your bathroom layout
The next step is to finalize your new bathroom layout. To start, we usually recommend thinking about who is going to be using the space and what functionality and features that person might want to have. Adding an extra sink might be a popular choice for many Aucklanders, especially if your renovated bathroom is going to be used by more than one person. Aside from aesthetics and decor, it’s also a good idea to plan for functional storage and use your bathroom space wisely. Do not hesitate to speak to your contractors if you need any layout ideas and planning. Our experienced interior designers can help you come up with beautiful renderings of your renovated bathroom while keeping functionality and comfort in mind!
3. Add a few high-end materials
Here’s a little designer secret: adding a few high-end finishing touches might take your bathroom from great to luxurious! Look for wall coverings, countertops and sink fixtures that are on the higher end of the spectrum. Because bathrooms are usually smaller spaces, you’ll be surprised to discover that this extra step is actually within your budget.
4. Convert your tub into a shower
If you don’t take baths, having a bathtub might be the waste of your precious space. Converting an old tub into a modern, spa-like shower might be very cost effective because you won’t need to reroute your plumbing. While it makes for better use of space, it can also drive the value of your home when it’s time to sell.
5. Get an automated fan
Installing a quality fan is definitely worth every penny. From ensuring an optimum air quality to sucking all the moisture, having a fan is crucial to your bathroom remodel. Those Aucklanders who have younger kids or simply do not want to turn the fan time and time again, consider installing a fan that comes with a motion sensor. You could also get a remote controlled timer so that you could turn on your fan anytime and anywhere.
Whether you’re planning on putting your house up for sale in a few years or living in your home for many years to come, a bathroom renovation is a sure-fire way to add comfort and style to your everyday. It’s also a great way to add value to your house if you decide to sell later on.
Still have questions unanswered? schedule a no-obligation consultation with the team at Superior Renovations
Superior Renovations is quickly becoming one of the most recommended Kitchen Renovation & Bathroom Renovation company in Auckland and it all comes down to our friendly approach, straightforward pricing, and transparency. When your Auckland home needs renovation/ remodeling services – Superior Renovation is the team you can count on for high-quality workmanship, efficient progress, and cost-effective solutions.
Get started now by booking a free in-home consultation.
*Lending criteria, fees, terms and conditions apply. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
Here are some of our best renovation ideas to help you increase the resale value of your home.
So you’ve decided to take on a house renovation project? Great idea! Breathing new life into a place you call home, rescuing a rare period gem, or simply making your house more comfortable to live in can be incredibly rewarding. It’s also a great way to enhance the value of your property when it’s time to sell. Since major upgrades can come with significant costs, it’s helpful to know what exactly you can do to get the highest return on your investment.
Here are our top 5 renovation ideas NZ that will result in the increased resale value:
1. Kitchen remodel
We can all agree that a kitchen is not just for cooking and entertaining friends. Creating a modern-looking kitchen space is one of the sure-fire ways to add value to your home. From upgrading appliances to refacing cabinets, there are a lot of things you could do to make your kitchen more functional and aesthetically pleasing. Some of the best renovation ideas NZ are installing new countertops, changing flooring, Cabinets, painting and adding modern sinks and faucets.
Costing around $25,000, a kitchen remodel can recoup a whopping 80% of the cost making it one the most popular renovation ideas NZ.
2. Deck addition
If you’re one of those lucky Aucklanders that own a house with a big yard, you can consider adding a wooden deck. You won’t be the only one to enjoy the outdoors around your home, as your potential buyers will appreciate it as well. In average, adding a wooden deck from scratch can cost anywhere from $10,000 to $25,000. The good news? This improvement can hold more than 75 per cent of its value come sale time!
3. Building a master suite
Many modern homes feature a spacious master suite that speaks to the Auckland homeowners taste and style. So if you happen to have a small bathroom by your master bedroom, it might be the time to upgrade. Typically, elaborate master suite amenities include a walk-in closet, separate bathing areas and built-in functionality. Despite being a costly undertaking, this feature may drive up to 80% ROI when it’s time to sell.
4. Bathroom update
It’s all in the little details when it comes to home resale. If your bathrooms have seen better days, selling your house might be an excellent opportunity to take on minor renovations. Installing a new vanity or adding trendy tiles won’t break the bank, and you can expect to see the full 100% return on your investment. With such a high yield, what is there not to love?
5. Upgrade your basement
One of the most underrated renovation ideas NZ is updating your basement. It comes especially handy if you don’t have enough space to add a room to your house. A well-designed basement can be easily turned into an upscale bar or a functional media room and can serve as a playroom for children. You can also add a bathroom if you decide to remodel your basement, as this can increase the resale value even more. The key idea is to keep the space as open as possible to avoid making it look too dark or cramped.
Still have questions unanswered? schedule a no-obligation consultation with the team at Superior Renovations
Superior Renovations is quickly becoming one of the most recommended Kitchen Renovation & Bathroom Renovation company in Auckland and it all comes down to our friendly approach, straightforward pricing, and transparency. When your Auckland home needs renovation/ remodeling services – Superior Renovation is the team you can count on for high-quality workmanship, efficient progress, and cost-effective solutions.
Get started now by booking a free in-home consultation.
*Lending criteria, fees, terms and conditions apply. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
Follow these practical steps before starting your renovation project.
Deciding to renovate your house is a big decision. Renovating your home increases the resale value of your home, brings more comfort to your daily life and showcases your creative side!
Whatever is your motivation, a successful home renovation lies in smart planning. If done correctly, it can be completed on time and on budget. With extensive experience in home renovations in Auckland, we know first hand what it takes to plan and execute a successful house upgrade.
We have gathered all the information you need to kick-start your stress free home renovations Auckland
What do you want to change?
The best way to start planning your home renovations is by making a list of all the things you’d like to change. This is a crucial step in your planning process as it will help you to finalise your wish list. The list might include anything from “must-do” repairs to re-modelling and refurbishment. It’s also worthwhile to note things that you’d like to keep and preserve. For examples, if your current house features beautiful antique windows, you might want to keep them and figure out a way to safeguard them against any re-modelling pitfalls.
The next step is to describe your day to day life and to write down some of the most common problems you’d like to solve. An example is a growing family having to deal with only one bathroom and toilet. Once you identify your pain point, it would be easier to come up with solutions and prioritise your wish list. It will also help you see what “needs to be done” vs what you “would like” to do which can save you money in the long run.
Setting a budget for your house renovations Auckland
No two houses are alike, and the improvement costs differ from project to project. The final renovations cost will depend on your home’s current condition, age and the scope of the work you plan on doing. However, there are a few things you can do to keep yourself within a budget.
Look closely at what you already have. For example, some Auckland homeowners might assume that they need an extra floor space when all they really need is to rearrange their interior walls!
Consider long term investments. Energy efficient lighting means long term savings. Likewise, water conserving features and high-efficiency heating systems will save a considerable amount of money over time. Our renovation specialists have extensive experience in renovating homes especially in the Auckland market. Hence they can help you make wise decisions for long term investment homes.
Do the work in stages. Doing your home renovations in phases can allow you to achieve your goals without putting you through an undue financial burden. We can help you develop a renovation plan and come up with the proper sequencing of tasks and timelines.
Renovating your Auckland home is a big undertaking that requires a lot of careful planning. However, with the right help and tools, you can achieve your dream home without breaking the bank. We hope you found these tips useful. As always, feel free to contact us here if you have any questions!
Need more information?
Take advantage of our FREE Complete Home Renovation Guide (48 pages), whether you’re already renovating or in the process of deciding to renovate, it’s not an easy process, this guide which includes a free 100+ point check list – will help you avoid costly mistakes.
Superior Renovations is quickly becoming one of the most recommended Kitchen Renovation & Bathroom Renovation company in Auckland and it all comes down to our friendly approach, straightforward pricing, and transparency. When your Auckland home needs renovation/ remodeling services – Superior Renovation is the team you can count on for high-quality workmanship, efficient progress, and cost-effective solutions.
Get started now by booking a free in-home consultation.
*Lending criteria, fees, terms and conditions apply. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
How to plan a successful house renovation project (without going crazy)
According to popular DIY TV channels and shows, it takes approximately 24 minutes to renovate a house. Now we all know that this is far from the case. The home renovation process is complex and requires precise planning and budgeting.
However, we believe that your house renovation project shouldn’t be stressful or confusing. From adding a window to complete house makeovers, we have an experienced in
Here are the 4 essential things to keep in mind for successful house renovations Auckland:
1. Come up with a budget
The first place to start when planning your renovation project is BUDGET! The amount of money you are comfortable spending will determine what you are able to do. Do you simply want a new coat of paint, or are you planning a full-blown remodel? It’s always a good idea to picture what you’d like to achieve and factor in the cost of materials and labour that will be required to complete the project. Here at Superior Renovations, we strive to deliver a bespoke renovation experience in line with your budget. Once we discuss your vision for your dream Auckland home, we will go to your site to take measurements and provide you with a free design-to-build consultation. You will receive detailed drawings
of what your home will look like and a thorough cost breakdown to keep your budget on track. Making specific renovations plans and sticking to a budget is, without a doubt, the starting point to any successful build.
2. Gather inspiration
Now, the fun part! Once you know how much money you can allocate, it’s time to put together some ideas of how you want your final Auckland house to look like. To do that, spend some time pulling imagery that reflects your style. Luckily, there is a ton of inspiration on the Internet, and we love using Pinterest to organise them all into neat folders. If you’re planning to introduce any structural changes to your house, make sure to put together a list of all the architectural elements you want to see. Once you have the bigger picture, it will guide your choice of decor and other smaller items. It might even be worth thinking outsite the square and looking at upcoming trends – for example, solar panels is slowely getting introduced in some new builds – perhaps a growing demand for efficient homes.
3. Prioritise
At this point, it’s a good idea to get in touch with your renovation company to tell them your priorities.
For many Aucklanders, the initial scope will most likely come in over budget, so it’s essential to focus on your key priorities first. These usually include spacing and lighting. This stage will often be a process of going back and forth, but it’s worth it to get it right. Setting priorities and knowing on what you can splurge and what you can save is one of the key elements to successful house renovations Auckland.
4. Get started!
Once you’re completely happy with your design renders, materials and costs, we can start your house renovations Auckland! You will be assigned your personal Project Manager who will be there every step of the way. You will also meet the key people who will be involved in renovating your home as we believe that having a personal connection with your builders results in a more satisfying experience. Once the project is done and all the council inspection is clear, we will hand you the keys to your brand new renovated home!
Need more information?
Take advantage of our FREE Complete Home Renovation Guide (48 pages), whether you’re already renovating or in the process of deciding to renovate, it’s not an easy process, this guide which includes a free 100+ point check list – will help you avoid costly mistakes.
Superior Renovations is quickly becoming one of the most recommended Kitchen Renovation & Bathroom Renovation company in Auckland and it all comes down to our friendly approach, straightforward pricing, and transparency. When your Auckland home needs renovation/ remodeling services – Superior Renovation is the team you can count on for high-quality workmanship, efficient progress, and cost-effective solutions.
Get started now by booking a free in-home consultation.
*Lending criteria, fees, terms and conditions apply. Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated.
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