Whenever you ask a Melbourne vendor advocate for what is the
best option to increase the sale price or boost property’s valuation, the most
popular answer is renovation.
Renovating a property is a process of
giving the physical look an importance and adding value to it with little and
major improvements. And why not- it seems sensible to get your cracked walls
painted, remove the broken furniture with designer fixture and get rid of dingy
appliances with new set, if you can attract potential buyers/ tenant with it.
Renovation might seem expensive, and
that’s why we have brought few important times when you should invest in
renovation for good refund-
- To increase rent and hence rental income.
- To increase sale value.
- To improve the personal dwelling.
Let’s not talk vague and directly come to point- this renovation aims at good revenue. Right? So, why to over-renovate! Understand what’s the market value going on and till what amount the renovation can turn fruitful and you can afford it. Nevertheless, it’s important that you improve every nooks and corner of the property but don’t exaggerate it unnecessarily.
What to renovate?
• New garage door
• Improve curb appeal
• Refurbish bathroom and kitchen
• Attic bedroom
• Window replacement
• Refinish a basement
