With the current financial relief of accessing superannuation, government incentives to renovate as well as the increased emergence of renovation television shows over past years, we are starting to see more property owners choosing to renovate or upgrade their property.
If you are considering selling a renovated property in the short-term, or want to make money from your renovations, you should take the following into consideration to ensure that you do not over-capitalise.
Tips to Remember:
Engage an expert builder or project manager to assist with establishing the overall renovation costs/project.
Renovating is often a personal choice on many levels. If it is an ‘investment’ decision, don’t forget to take into consideration the needs and wants of potential tenants and buyers. Any questions contact our team at Raine and Horne Surfers Paradise today!