The small bathroom renovation brief for this project in Randwick was a little different. The Client was in trouble after the builder they booked to manage the project went missing. This is a common story that we see many home owners experience when they choose cheap quotes, confirm jobs via email but without a written contract or don’t engage a licensed or qualified builder. You just leave yourself exposed to fraud, poor quality workmanship & other issues.

This is why it is important to choose a reliable renovating contractor that has a proven track record, you can check their credentials, see previous work & even look over their reviews to know they are a good choice. Sydney’s Eastern Suburbs is one of the most valuable property areas in Australia so for this property it was critical for our Client to quickly find a replacement building contractor so they could complete the work needed & then sell the property.

This couple were seasoned property flippers and were no strangers to tackling projects that needed quick turnaround times. Their plan was to renovate for profit by turning a two bedroom, one bathroom apartment into a three bedroom, two bathroom open plan living area. Flipping is known as the process of selling and buying a house (or any property) with the intention of renovating it to then sell it for a profit in a relatively short space of time. The aim obviously is to buy the property, make the necessary updates to attract more buyers then sell it for more than the combined price of the property, legal or finance costs and renovation costs. The risk is if the renovation work isn’t done well or exceeds the budget set, you can run the risk of losing money and your “flip will have flopped” so to speak.

For many other family’s or property owners in Randwick their requirements are much simpler – just make improvements to the home to make it more liveable & of course we can help with that too.

For some people though, flipping can be a lucrative way to earn great returns, then flip those returns back into renovating the next property. You can read stories of seasoned flippers who say they make at least $25,000 profit on the homes they flip with some being lucky enough to make as much as $100,000 on certain properties. There has to be the right mix of elements for that to happen.

Nu-Trend helped this couple in Randwick manage the entire project with our focus placed on the master bathroom and ensuite while we used our network of building contacts to get the kitchen remodelled. The goal was to create very simple open plan living spaces that would suit the rental market, have a style that wouldn’t date or age quickly while appeal to a wide range of potential tenants.

We were fortunate and didn’t run into any unforeseen issues which helped kept the costs down as we worked with all the existing services in place. This small bathroom renovation was a classic case of transforming the rooms from 70’s style, teal decore, to be fresh, modern and practical. As of December 2021, Randwick has 235 properties available for rent and just 37 properties for sale with the median property prices over the last year ranging from $3,360,000 for houses to $1,160,250 for units with the last five years of sales seeing compound growth of 8.6% for houses and 5.9% for units. From an investment property perspective houses in Randwick rent out on average for $1,100 PW and units rent for $550 PW. So renovating for profit in this suburb can potentially make a lot of sense with the right financial scenario in place. The location has close proximity to the city, transport and the beaches which makes it a great central location & long term investment.

We can complete bathroom renovations in Sydney for a house, unit or townhouse. We are able to work with all types of room shapes and sizes creating a design in collaboration with a designer or working with your ideas.