How I realized a return on investment of 1000% with a property style

When Emma Tobin, a stylist on the Urbane Property, was assigned to work on a newly renovated three-bedroom home in Northcote, Melbourne, she discovered potential.

"The owners kept the facade intact by retaining several bedrooms and bathrooms that were in the original print of the house. These rooms feature original ornate ceilings, a fireplace and the typical layout of this style of home, "she explains.

"A private bathroom has been added to the front bedroom, creating a fully functional master bedroom. The shared bathroom has been emptied and rebuilt with all the modern amenities to adapt to the new chic style of the house. "

The property has been enlarged at the back, with peaked ceilings, a shaker style kitchen, a pantry and custom cabinets highlighting the new contemporary feel of the property. Emma is inspired by these elements for her installation.

"We chose a modern and dark dining room setting to complement the black light fixture, as well as bar stools connected to white and wood kitchen cabinets," says Emma.

"We then selected contemporary furniture, lighting and occasional bedding – the light-colored bed sets contrasted well with the dark gray carpets. We also went with half-timbered artwork to further accentuate the wooden elements present in the kitchen and bathroom. "

After Emma's magic work, the homeowners were able to sell the house for $ 1.6 million, a figure that was much in line with their expectations and which was more than double the price of $ 1 million. 39 initial purchase of $ 527,000.

Emma estimates that the style of the property has added at least $ 30,000 to its value. This represented a significant return on investment, given the fact that the entire style process cost owners only $ 3,700, including the design, installation and rental of furniture, works of art. art and other accessories for five weeks.

To learn more about how Emma got this fantastic result, as well as tips on how to personalize your property to get maximum effect, in the June 2019 edition of your magazine Your Investment Property .

Available at Coles news agencies and supermarkets from May 9 to June 5 or download the magazine now.

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