An investor client owns a 1990s rental in Riccarton. The bathroom looked tired — but tired isn't the same as broken. We told her retiling wouldn't pay back over the rental yield. Refresh would.
New 900mm vanity, new dual-flush toilet (replaced a tired single-flush), full regrout of the shower walls, fresh paint to ceiling and trim, new LED downlights, and a strip of brushed brass towel rail because it costs $180 and looks like $800.
Seventeen days on site, no consent needed, tenant moved in the day after we left. The yield maths worked because we resisted the urge to over-scope.