Hi All,
At the moment this house is "officially" a 4 bedroom.
I've never done major renovations before and I'm wondering how much benefit (to valuation and rent) it would be to fully make it a 5,3,2.
The layout is as follows:
UPSTAIRS:
* Massive main bedroom with Ensuite (no bath)
* Second full bathroom (includes bath)
* 3 other bedrooms, all with builtin robes
DOWNSTAIRS:
* Double garage
* Living/Kitchen open plan
* Office/Rumpus, has 2 windows on one side, and a sliding door to the backyard on the other. Already has a close-able door but no wardrobe.
* Large size toilet room & vanity.
* Huge laundry next to the toilet room.
The conversion would involve:
1. Add an Ikea wardrobe to the office, so that it can be called a bedroom.
2. Add a 3rd shower to the laundry, or try and squeeze a small shower into corner of the toilet room by removing the vanity to make space. I can then put a small wall-basin in so that all 3 fit.
Has anyone done a similar improvement before - and how much extra on the valuation did it work out as?
Also - how do valuers get the figure for the number of bedrooms that get fed into the valuation (this is in NSW). Would I need to do anything at council to have the number of bedrooms changed "officially"? even though I'm just adding a wardrobe?
At the moment this house is "officially" a 4 bedroom.
I've never done major renovations before and I'm wondering how much benefit (to valuation and rent) it would be to fully make it a 5,3,2.
The layout is as follows:
UPSTAIRS:
* Massive main bedroom with Ensuite (no bath)
* Second full bathroom (includes bath)
* 3 other bedrooms, all with builtin robes
DOWNSTAIRS:
* Double garage
* Living/Kitchen open plan
* Office/Rumpus, has 2 windows on one side, and a sliding door to the backyard on the other. Already has a close-able door but no wardrobe.
* Large size toilet room & vanity.
* Huge laundry next to the toilet room.
The conversion would involve:
1. Add an Ikea wardrobe to the office, so that it can be called a bedroom.
2. Add a 3rd shower to the laundry, or try and squeeze a small shower into corner of the toilet room by removing the vanity to make space. I can then put a small wall-basin in so that all 3 fit.
Has anyone done a similar improvement before - and how much extra on the valuation did it work out as?
Also - how do valuers get the figure for the number of bedrooms that get fed into the valuation (this is in NSW). Would I need to do anything at council to have the number of bedrooms changed "officially"? even though I'm just adding a wardrobe?