Client Renovations
As property investors, we understand the importance of increasing capital value and increasing rental yield. A great way to achieve these outcomes is through renovations. Beyond the financial benefits, revamped properties not only command heightened demand but also attract top-tier tenants.
Otago Flats provide project management services for renovations. Our team offers valuable guidance on recommended renovation options, obtain quotes, and efficiently oversee the renovation process. Whether it's an internal repaint or a full internal renovation, we are here to help.
Our renovation scope can include:
Painting
Carpet
Flooring
Curtains
Kitchen Renovations
Bathroom renovations
Service Fee:
Otago Flats charges a 10% management fee (on the invoices of works completed). Often clients save more than 10% on the renovations due to our preferred labour rates and wholesale pricing.
Client Case Study- 155 Queen St, North Dunedin
Otago Flats took over the management of this 5 bedroom student property.
Rent upon taking over the property: $655 per week
Renovations completed:
Fresh internal paint
Minor works to floor boards
New carpet
New flooring in kitchen and bathroom
Kitchen renovation
Bathroom and laundry renovation
Total cost of renovation: $45,000
Uplift in rent: $950 per week
*Please note, this service is only available to Otago Flats Property Management clients.