Using Online Auctions to Keep Your Renovation Budget
under Control
Renovating can add value to your
property, but how do you keep the renovation budget
under control? One strategy is to source items like
appliances, tools, carpets, blinds for items new and second hand
thru online auction sites.
"I picked up a whole
house full of near new timber blinds on ebay for a
fraction of the new 'shop' price..."
Some tips for successful
auctioning
Wholesale & Bulk Lots
Sometimes buying a wholesale or bulk lot can work out
cheaper than buying an individual item. For example
recently I needed 6 timber blinds to replace some old
curtains in a house I am renovating, so I purchased a
bulk lot of 10 near new timber blinds on
eBay for $170. They came out a in a
variety of window sizes, of which 5 were the right width
and only required an adjustment to the length of the
blind (this is quite easy). 1 was slightly too wide, so
I cut it down to size (a bit harder) and adjusted the
length. I re-advertised the other 4 blinds and recouped
about $100. So the net cost was only $70 for 6 blinds.
Bidding Strategies
eBay &
OZtion
GraysOnline
|
Top Auction Sites |
|
1 |
eBay (new, secondhand, huge amount of listings) |
|
2 |
GraysOnline (wholesale lots, ex-display stock,
discontinued lines, bankrupt business stock) |
|
3 |
OZtion Largest
Australian owned auction site! OZtion is a
consumer to consumer auction site for
Australians. It's free for sellers to list
items, a safe place to trade, easy to use and
has a clean look. |
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