PEARSON + PROJECTS, a home for projects, ideas and inspiration for DIY enthusiasts, home makers and renovators.
Brought to you by Alice + Caleb Pearson, husband and wife duo, winners of The Block NZ 2013. Learn more about our story here.
We offer a wide range of consulting services for renovations. We love to use our skill set to help others in their property adventures, so please email us at firstname.lastname@example.org for more information.
For information about Alice's Home Staging and Interior Styling services, go to NEST Stage and Style or email her at email@example.com
Property investment is not for everyone. It’s also not a guarantee to create instant wealth overnight, or an answer to financial issues. Although there are many stories of the opportunities which property can provide. I have put together my five top tips to set yourself up to buy well from a property investment perspective.
I couldn’t stand in the house a moment longer - the smell was overwhelming. We had been to long lists of open homes and Caleb had been focusing on some select suburbs trying to find the next project for us. I got to see some things I would rather have unseen - inappropriate drawings on walls, bedrooms that feel very “fifty shades of grey” (I don’t mean the wall colour), hoarding. But this was the most memorable of them all. At the open home we entered a room with a male tenant laying across a bed in the lounge, shirtless, smoking, who said we had to keep the door closed as there were four cats who weren’t allowed outside. I counted 8 litter boxes - though from the smell I could tell it wasn't the only place these cats relieved themselves. I stood outside trying not to vomit, Caleb looked at me not sure what to expect and was getting ready to start his sales pitch.
When an agent called me about a property near where we lived that could be a great opportunity - I was naturally curious. A few phone calls, a few visits, a week later and I had placed an offer on the property. A little back and forth with the vendor and the property under contract with 5 days to make sure all was ok to go ahead. Oh, and work out exactly what we had just done and make a plan.
When we first started renovating we were complete rookies. While Caleb knew about property from his studies and beginning his career in project management, he had very limited understanding when it came to DIY or anything practical. And while I had a natural intuition with design and colour scheming, I had no idea about interior design techniques or where to source the products I liked. To sum it up - we had a youthful confidence which is probably best described as pure ignorance. Normally within a blog we would share details of our renovation to provide inspiration and advice - but this is more of an example of what not to do! Our first renovation project was our “boot camp” in renovating - and boy did we realise we weren’t “renovation fit”.
The story of buying our first house together is best shared as a tale of “she said, he said”. Because to say we had a difference in experiences and expectations - would be an understatement. We didn’t begin our property story as a united force, though there was a lot of forceful emotions involved! So as unconventional as our story about Caleb buying a first house is, the way we started ours “together” may be just as surprising...
Its not everyday a 16 year old boy buys a house, but this is where our property journey started back in 2003. Still in school and with no facial hair (not much has changed there) I purchased my first property. So what can a schoolboy afford to buy in 2003? I purchased a 3 bedroom fibre cement home in the kiwifruit capital of NZ - Te Puke. Purchased for $96,000 with a 10% deposit with a rental of $180 per week. The property itself wasn’t anything special, neither was it a great bargain at the time - rather just a traditional cash-flow investment property
Caleb and I have always had a different story to most when it comes to owning a family home. The concept of buying a house that caters for all our needs in an area to settle down is a normal aspiration for most house hunters but not yet been a priority for us. While most have a personalised and detailed wish list of what they are looking for in a house, our focus is on just one - a good buy. I had no idea 6 years ago when picking a colour scheme for the first time that we were on a journey to become seasoned renovators and neither was it our intention. However 6 projects later, we have learnt, grown and gained in our renovation and project experience, our property portfolio and our passion for doing this.
Our fireplace originally stood out for all the wrong reasons, but to replace or remove a perfectly functioning fire place just for looks was not an option for us. So we started our DIY investigation - researching, exploring new ideas and finding products we haven’t used before. The result - our fireplace transformation cost approximately $400 and took us a week to complete by outworking 3 simple projects.
Recently I heard someone making banter about lounge spaces – claiming they had no idea why it was called a ‘living room’. Sure if you have a formal lounge, a family lounge, a kids playroom and entertainment room – the options for living are vast but if you live in our home (or most older homes in NZ) you have one option – the lounge. Our lounge truly is the living room in our house - it caters for our children’s play, our family dance parties, quality TV viewing, hang out with friends and wrestle time with Dad (I’m referring to playtime with Alek in case there is any confusion). For our lounge I focused less on creating a magazine cover look that everyone would be wowed by, rather keeping it simple and flexible, functional for our needs and keeping unity in style with the rest of our open plan dining and kitchen.