Frequently Asked Questions
Anyone with an interest in property or real estate. For example home owners seeking to improve their investment; people looking for property investment opportunities; developers seeking advice on development options and highest-and-best use advice; builders wanting to add architectural style to their buildings and renovators seeking ideas to optimise their investment returns.
A healthy property portfolio provides a return on investment. This is usually a combination of a net rental return plus healthy capital growth. Sometimes it can be a low or nil return but exceptional capital growth can be realized through rezoning or finding a higher and better use.
Renovation is essentially all about adding value and so, in theory, should work every time. However sound knowledge of your market and suburb is essential in knowing how to go about it smartly so that you don’t over capitalize.
There are ways of freeing up capital/equity in your own home to be able to fund an investment property. Knowing and understanding your financial situation is critical. The importance of finding the right property for you and doing the ‘sums’ cannot be underestimated. Investing generally involves taking a calculated risk. Being educated to those risks and learning how to handle them is critical. Understanding one’s own capacities both financial and emotional is also vitally important.
Design Doctors can run a profile on your risk aversion or loss tolerance. It is interesting to analyze your approach in this way. Risk is not a bad thing necessarily.
We teach you what to look out for. The decisions are always ultimately yours.
Yes. We demonstrate via templates how to do a feasibility study.
Asset potential + Design. Essentially we look at the importance of realizing the potential of your assets so that you can achieve a healthy and aesthetically pleasing portfolio. We teach you how to analyze property investments and development potential, what to look for, who to engage on your team and how to engage them, pitfalls and how to avoid them. We aim to teach you how to optimize your bottom line whether on a small project or a large one.
Structural is more expensive and time consuming and usually involves a building certifier and other consultants. The process is far more involved eg re-planning of rooms, taking a wall out to open the spaces, re-locate a kitchen or bathroom, add a second story etc.
It is absolutely critical to have the right team behind you. We teach you who to turn to, what to expect from each of them, how to select them, how to engage them and how to manage them.
The nature of the property market and its effect on property values is cyclical and dependent on forces in the economy and government both nationally and globally. Statistics are gathered and analyzed and predictions made by organizations such as CoreLogic and many other property analysts. Where a suburb is on the property clock can be an important factor in deciding whether to buy in a particular location. However, it should not necessarily be the overriding factor.
In contemplating going out in public one wants to look one’s best – presentation is important. Similarly, when contemplating selling a house you want to present it to its full advantage and potential. First impressions do count and you want to make an instant emotional connection with your buyers. Styling or staging relies on presenting your home with some consistency in style and décor and this can be achieved by hiring some or a whole house worth of furniture and accessories to achieve this. With the right advice a solution can be tailored to suit your budget.