DIY trend takes off in tough market
IT HAS always been the Australian dream to own a little piece of paradise.
Ipswich renovation visionaries Katrina Statham and Jane Halliday have crafted a Churchill home into just that over the past five years, adding the finishing touches before putting the property on the market.
More Ipswich people are being inspired to renovate properties, with TV series such as The Renovators and The Block showing what is possible when a rundown home is put in the hands of creative minds.
Realway estate agent Lisa Downey said the financial rewards were there for budding Ipswich renovators who were prepared to put in the work.
"If someone gets a cheap bargain in an area and a house that needs work, people can make money if they do them up properly," she said.
More sellers are expected to revamp properties to gain an edge in the market, with a report from Ipswich-based property advisors Herron Todd White suggesting house sales had slowly decreased in this sector.
The report said the $200,000 to $300,000 bracket experienced the most sales and noted a fall in sales of homes valued at less than $200,000.
Mrs Downey said fully renovated homes caught the eye of prospective buyers.
"A lot of buyers are too busy to renovate and are looking to move in and enjoy it, instead of going to the bank and asking for another loan," she said.
The agent said the Warwick St home was among the best renovation efforts she had seen.
The journey began when Ms Statham sold her Marburg home and moved to Brisbane.
Ms Statham was on the look out for an investment and heard through a friend about a 1970s double brick, four bedroom home on more than a quarter of an acre on Warwick Rd, which the owners were keen to sell quickly.
The property intrigued Ms Statham enough for her to visit the home, and she immediately saw a blank canvas.
"I think I just see it in my head. I have an artistic feel for these kinds of things.
"I can walk into any property and see the positives," Ms Statham said.
The partners stripped the home bare, removing seven types of tiles, four types of carpet and smashing the remaining furniture.
"We worked on it full-time for the 14 months it took us to do the inside, and we did some of the prep for the tradespeople we worked alongside," she said.
After such a long haul, Ms Statham was proud to see her vision as a finished product.
"It was an amazing feeling," she said.
"I had pictured what everything in my head looked like before we did it. People talk about the feel of the house," she said.
The house is up for sale and the pair will hold an open house from 2pm to 2.30pm on Saturday and Sunday.