Success Story - Frankston

For this project in Frankston, part of Melbourne’s Mornington Peninsula, we worked with property investors to repair and renovate a rental property that had been badly damaged by the previous tenants. The walls and floors had been ruined, carpets stained, and appliances destroyed.

The owners wanted to hold onto their investment for a few more years before putting it on the market. They engaged Kudo Homes to return the property to rentable condition and make low-cost improvements that would maximise the sale price it achieved when they were ready to sell.

How Kudo Homes helped

We created a proposal tailored to the owners’ priorities, which were to focus on low-cost improvements that would add value, and ensure the property was able to be leased out again as soon as possible. They had a strict budget and were concerned about spending on new products that might be damaged again.

Our renovation plan concentrated on using budget-friendly products and cost-saving construction techniques to get maximum value. We considered the owners’ immediate and long-term objectives to deliver a result that would provide a strong rental income – and achieve a great sale price when it was time to sell.

Kudo Homes managed the renovation project from start to end and the property was back on the rental market within four weeks, minimising the owners’ loss of rent.

Renovating For Profit

A simple, modern kitchen

The existing kitchen was in very poor condition and had dated appliances and limited storage. We laid durable laminate flooring, repainted and installed a new dishwasher to boost the property’s rental appeal. We replaced the cabinetry with an IKEA kitchen which was inexpensive, looked stylish, and gave the owners the option to replace the doors and panels themselves with other products from the IKEA range if this was something they wanted to do prior to sale. (IKEA kitchens are a great choice if you’re short on time as they’re usually able to be delivered immediately).

A fresh, light-filled lounge

We repainted the space, installed new lights and window coverings, and replaced the carpet with a hard-wearing budget option. All Kudo Homes quotes include options for all budgets, giving our clients transparency and control over their spend.

A budget-friendly bathroom

While the bathroom was dated, the owner’s budget didn’t allow for a new one. We resurfaced the bathtub and tiles to give them an as-new, bright white appearance and replaced the shower screen, vanity and tapware. We laid vinyl plank flooring over the existing tiles to provide a fast, cost-effective and water-resistant solution.

Stylish and flexible built-in wardrobes

The wardrobes in this property were too old to restore. We replaced the dated single-shelf-and-rail format with IKEA cupboards that offered much more usable space. Each wardrobe cost just $600 and came with adjustable shelving, baskets and hanging space, allowing each user to customise their storage space. We finished the cupboards with a bulkhead to create a built-in feel.

The Final Result

Kudo Homes project managed an affordable whole-of-home renovation using flexible, low-cost improvements that would appeal to both renters and, eventually, buyers. Using IKEA flat-pack products and inexpensive but effective construction techniques, we were able to deliver an appealing, practical and cost-effective outcome in less than four weeks.

Our work in action

Kitchen

Lounge

Bathroom

Cupboards