10 property tips from reality tv

10 PROPERY TIPS FROM REALITY TELEVISION: The classics

While television series come and go – and come back again in The Block’s case – some property truths are forever. Property Observer takes a look at the tips that have stood the test of time.2185

1 COMPROMISE, COMPROMISE, COMPROMISE

Programs like Relocation Relocation showed that buying a property is all about making a series of small trade-offs. Location, location, location? More like location, room size, fit-out, maintenance… When you’re investing in property, remember the fundamentals but be open to compromise.

2 EXPERTS ARE WORTH IT

Comparing the work of interior designer Shaynna Blaze to that of the newbies on House Rules shows just how much the experts really know. Sometimes, shelling out for someone who’s seen it all really is worth it.

3 HOMES ARE FOR TRADING

There is a distinct difference between the way experts and buyers look at houses. The buyer looks at a house as though they will live there forever, while the expert sees the house as a temporary step on the property ladder.

4 DON’T DIY

Although it might look like the mammoth renovations on The Block were undertaken by a motley team of ordinary Australians, they were assisted by professional architects, foremen, designers and tradespeople.

Check out an episode of Grand Designs: the more the owner takes on, the more stressful and difficult the project seems to become. Don’t be fooled into thinking that DIY renovations will necessarily cheaper.

5 A HOUSE IS NOT A HOME

Particularly on Grand Designs, where houses invariably become “projects” or even better, are described as “buildings”. This underlines the gravitas of the house and sounds very cool too.

6 KEEP IT SIMPLE

The participants on many shows, particularly Selling Houses Australia, seem to have tastes that favour excess.

Interior designers and tradies invariably strip the houses right back so they look simple, clean and uncluttered.

7 THE BUDGET IS NEVER THE BUDGET

On all of these shows, the participants always spend over their budget, whether they are buying, building or renovating. Funny how emotion does that, isn’t it?

8 THE DEADLINE IS NEVER THE DEADLINE

On the giant projects seen on Grand Designs, nothing ever runs to schedule. On the first episode of the new series of the British version of the program, the “build” took more than four years longer than expected.

9 MOST PEOPLE ARE UNREALISTIC

The sellers always want too much. The buyers always underestimate the price. The experts try and inject a realistic point of view.

10 YOU’VE GOT TO SPEND MONEY TO MAKE MONEY

This is the great lesson from Selling Houses Australia, where Andrew Winter convinces the stranded home owner to spend tens of thousands of dollars to renovate before they sell. But be careful not to overcapitalise and spend more than you can realistically make.

 

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eBook author: Jessie Richardson 4

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