Diamonds hiding in plain sight - that's what property investors often miss when looking at strata apartments. This eye-opening discussion reveals how strategic thinking can transform ordinary spaces into extraordinary investments.
We dive deep into a remarkable case study from Dee Why's 111 Oaks Avenue, where savvy investors spotted potential others missed. By converting part of an L-shaped living area into a guest bedroom before settlement, they achieved the near-impossible: doubling their rental income from $750 to $1,350 weekly. The most stunning part? This transformation, along with minor cosmetic updates like modern lighting and sleek black kitchen handles, cost merely $20,000 while adding approximately $200,000 in property value.
The conversation expands beyond this specific example to explore the untapped potential lurking in strata properties everywhere. From selling roof space for additional stories with premium views to ground-floor units acquiring communal lawn areas as private courtyards, these practical hacks can dramatically increase returns. The key insight: people often live in spaces for years without recognizing valuable modification opportunities right under their noses.
Before your next renovation, consider consulting a real estate agent rather than just builders or carpenters. We understand the market value of specific changes and can spot opportunities others miss. As we say, "I haven't sent a floor plan that I can't add value to." Send us your floor plan today, and let's discover what hidden potential your property might be concealing.