Warning: Don’t renovate before selling

first_imgMan renovating his property. Picture: Matt ThompsonTHE demand for fixer-uppers in Brisbane is so strong, property experts are warning homeowners about the risk of renovating before they list.SQM Research managing director Louis Christopher said too often people splash too much cash jazzing up their homes for a big sale.“In a downturn, buyers will not value the renovations as much as the homeowner,” Mr Christopher said.“We know the market will penalise over-capitalisation.”Andrew Winter and Neale Whitaker. Picture: Mike BatterhamStar of Foxtel’s new show Love It or List It and design guru Neale Whitaker agrees, adding the decision to sell or renovate a property demanded thought and research.“Be careful about overcapitalising,” Whitaker said.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:45Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:45 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels576p576p540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenLove It Or List It Australia00:45“Have a look at similar properties that are unrenovated like yours in your area and see what they’re going for – and the type yours would be like after a renovation and what they’re going for.“(Then) work out whether it’s worth doing because, let’s face it, even the most basic renovation is costly.Even the most basic renovations are costly.“But if you are torn, look at the potential resale value of the house as opposed to the property you would be thinking of buying and whether that’s a realistic transaction – and also the value that could be potentially added to your home.”Whitaker said the majority of homeowners who decide to stay and renovate want to create more space.“If they’ve been living somewhere for a long time, they stop realising the potential under their nose but with careful planning they can create the space they need,” he said.“On the show we came across rooms that were completely redundant – one room was completely occupied by a cat – people get used to living a certain way.”Renovations are booming in Brisbane’s inner-ring including Albion, Alderley and the CBD, with building renovations and carpentry the most popular, according to Australia’s largest network of trades professionals, hipages.com.au.The data also showed bathroom and kitchen upgrades were a high priority with homeowners.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investorless than 1 hour agoIn the midst of this statewide renovation activity, Brisbane’s property market has slowed in terms of price growth in the last 12 months, outperformed by the stronger Sunshine Coast and Gold Coast property markets.Nerida Conisbee.REA Group chief economist Nerida Conisbee said interstate and offshore buyers were keen on sea change.Data from realestate.com.au shows in the last six months, the most searched suburbs in the sunshine state were located by the water.Surfers Paradise topped the list with more than 213,290 views followed by Buderim (184,640) and Southport (184, 040).“Beaches and jobs are drawcards to those suburbs,” she said.“The lifestyle of these places are attracting people from Brisbane, Sydney, Melbourne and offshore.”Mr Christopher said homeowners could renovate their property on a budget, sell it and upgrade to a better property for themselves.“There are more buyers and freestanding houses in the marketplace,” he said.“I don’t think we are in a market that is going to value one’s renovations all too well.”Mr Christopher said Brisbane’s property market had improved however added “the pendulum is in the middle”.“We are seeing more interstate migrations to Brisbane because of the price difference,” he said.Love It Or List co-host Andrew Winter advised buyers to have realistic expectations when selling their property.“Don’t expect to sell easily,” Winter said. “Never believe that your house will sell for more than market value, it can happen but generally it won’t.”He said to avoid seller’s remorse it was important to hang on to your property if your financial situation allowed.“Keep house number one when you buy number two, however that is not always possible.”Love It Or List It Australia airs on Foxtel Lifestyle on Wednesday, September 27, at 8.30pm AEST.last_img read more

Spanish castle hidden in the Noosa hinterland

first_imgThe home has a strong Spanish feel. One of several outdoor spaces to relax in. 74 Foxtail Rise, Doonan Qld 4562EVERY home may well be a castle, but this family has taken that to heart, resulting in a Spanish “castle” hidden in a Queensland forest.Sitting on the edge of a ridge in the Noosa hinterland, the solid three-level property sits fortress-like looking over surrounding forest. It’s solid, with concrete floors, walls and in the lower levels even concrete ceilings too, according to agent Alex Harris of Noosa4Sale.“It is an imposing house built in the Spanish style, and incredibly, built of concrete,” she told The Courier-Mail.Located just a 10-minute drive from Noosaville, the four bedroom, three bathroom home at 74 Foxtail Rise, Doonan, has been priced to sell at $1.2m. More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoThe light terracotta feel stands out against the vivid greenery surrounding it.“This is a great family home — there is nothing precious about it. Kids and dogs can run through it — you won’t hear it, they can’t ruin the floor. “And while there is no media room, each bedroom is massive, with plenty of room for desks, TVs, play areas and room for sleep overs. And who wouldn’t want to have a sleep over in a Spanish Castle?” GET THE COURIER-MAIL’S FREE REAL ESTATE NEWS DIRECT TO INBOX Unlike many real castles, this home has aircon, instant gas hot water, gas cooktop, 5kW solar power, 90,000 litres of rainwater storage and an envirocycle waste system.“The current owners love it, and parting with it has been a difficult decision, but they want to pack the kids up and travel around Australia for a year or two so the house has to go,” Ms Harris said.“While the property looks like it is mostly impenetrable forest, it has walking trails cut through to the spring-fed dam, and into the bush reserve at the rear boundary.“There are so many lovely outdoor rooms. My favourite is the conversation pit atop the concrete rainwater tanks. It is just such a great use of the area. But nothing can beat a 12m by 7m terrace on the top floor with views to Noosa.” The acreage property is on the edge of a forest reserve. The little touches transport this home to another continent. Great spot for a party.The home has a Mediterranean herb garden and more than enough room to build a pool should you want one close to the house.Ms Harris called it “an idyllic sanctuary for free-range children and adults alike”.“The garage is huge and is designed to fit two cars parked in tandem each side, or as the current owners have, collectors car and boat on one side, car, bar and pool table the other. “The cellar and additional storage under the house is also quite amazing. The house itself is an adventure.” FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

Africa Cup of Nations winners and losers

first_imgA chaotic start induced by a shortage of funds forced the squad to make a 24-hour bus journey to Malawi, but they won 2-1 to set in motion a five-match unbeaten run that secured top spot while favourites Guinea flopped. WINNERSGuinea-BissauHave no stars and coach Baciro Cande is virtually unknown, but home and away wins over Kenya and a 3-2 triumph over Zambia in Bissau thanks to a stoppage-time Toni Silva goal secured top spot with a fixture to spare.UgandaAfter a string of near misses in qualifying competitions, Uganda are going to the finals for the first time since 1978 with a narrow home win over the Comoros securing one of two places reserved for the best runners-up.SenegalThe only qualifiers to finish with a 100 percent record, after home and away victories over Burundi, Namibia and Niger, is testimony to the organisation and consistency coach and former star Aliou Cisse has developed.EgyptA stoppage-time equaliser from Mohamed Salah in Nigeria against the run of play proved crucial as record seven-time champions Egypt won the return match in the ‘group of death’ to halt a run of three failed qualifying campaigns.Zimbabwe Ugandans celebrate qualification. FUFAMEDIA PHOTOJohannesburg, South Africa | AFP |Guinea-Bissau winning a group in which they were expected to finish last was the biggest shock of the 2017 Africa Cup of Nations qualifying competition that ended at the weekend.The tiny Portuguese-speaking west African country reached the finals for the first time at the expense of former champions Zambia and Congo Brazzaville and Kenya.They will be at the 16-team tournament in Gabon during January and February while notable absentees include previous title-holders Nigeria and South Africa.AFP Sport picks five winners and five losers after an elimination process that spanned 16 months and produced 363 goals at an average of 2.5 per match. LOSERSNigeriaThe withdrawal of cash-strapped Chad turned the matches against Egypt into group deciders and after being held at home in a match they dominated, the Super Eagles fell to a Ramadan Sobhy goal in Alexandria and were eliminated.South AfricaInstead of contesting first place with eventual group winners Cameroon, Bafana Bafana (The Boys) never recovered from a disastrous start in which they were held by Gambia and lost to Mauritania and finished a humiliating third.ZambiaA downward turn by Chipolopolo (Copper Bullets) since shocking Ivory Coast to win the 2012 final continued after drawing three and losing one of four qualifiers this year to end third in a group won by no-hopers Guinea-Bissau.Cape VerdeA team ranked No. 1 in Africa for one month this year needed a home victory over modest Libya to seal a third consecutive Cup of Nations appearance, but lost to a stoppage-time goal in a game interrupted by a dog wandering around the pitch.Congo BrazzavilleThe central African country have been unable to sustain progress after reaching the 2015 quarter-finals despite defeating group winners Guinea-Bissau home and away. A shock loss in Kenya proved fatal. Share on: WhatsApplast_img read more

Yorkshire’s Walker is selected for golfing honour

first_img22 Nov 2018 Yorkshire’s Walker is selected for golfing honour  Yorkshire’s Les Walker has a keen eye for golfing talent and he’s just been honoured for his years of volunteer service as an England and GB&I selector.Walker, from Selby Golf Club, received England Golf’s Award for Excellence in Coaching at the annual coaching conference at Woodhall Spa.He is renowned for his vast experience and encyclopaedic knowledge of boys’ and men’s golf. He’s got a great eye for spotting talent and has proved it over and over again by helping to pick successful teams, with players such as Justin Rose, Lee Westwood, Paul Casey and Luke Donald among his selections.Walker’s second term with the R&A has just come to an end after eight years as a boys’ selector and he bowed out after a convincing win for GB&I over Continental Europe in the boys’ Jacques Leglise Trophy, which involved five England players.Prior to this he trawled the fairways as a Walker Cup selector and was involved with the winning teams of 1999, 2001 and 2003. “We changed the pattern, we turned it around to win three on the trot and we only lost the next two by very small margins,” he said.He first became an England selector over 30 years ago and has been involved in many national successes.Walker is continuing as a boys’ selector and most recently has played his part in picking the England teams which have won the Boys’ Home Internationals for the last three years.“We have a very, very strong squad and they are young so we have them for more years than we used to,” he commented as he looked forward to more successes.Walker has his own proud record as player, having represented Yorkshire 178 times, winning 103 matches and halving 18. “It’s a good ratio,” he commented, viewing his record from a selector’s point of view! “It shows the lads that I have some expertise, that I did peg it up!”Walker was recognised alongside three other award winners. JJ Vallely of Matfen Hall, Northumberland, and coach to the North girls’ squad, was named Squad Coach of the Year. A Special Recognition Award was presented to David Ridley of Coxmoor Golf Club, Nottinghamshire, to mark his retirement after 32 years as an England coach. Paul Cannons of Kingsdown and Walmer Golf Club, Kent, was honoured as the Volunteer Manager of the Year.Caption: Les Walker, left, receives his award from England Golf Performance Director, Nigel Edwards (image copyright Vicki Head). Tags: Awards, England teams, performance, Selectorslast_img read more