Completing cost-effective renovations on your investment can be a great way to add value to your property in a slow moving housing landscape.
If completed correctly, they optimise your property’s potential and increase the value of the property for resale purposes.
The improvements can be as simple as replacing outdated or weathered features such as the colour scheme, wallpaper, fittings, features and storage areas.
On the flipside, it may include structural changes to modernise the space and/or better suit the lifestyle of your intended buyer or future tenant demographic, such as installing new wardrobes, knocking down walls to open the space up or putting in a new kitchen and bathroom.
Keep in mind that while renovations, big or small, can add some value to the resale value of a property, you don’t want to spend more money than is completely necessary. Something as small as a fresh coat of paint could even do the job!
To learn more about the nuts and bolts of renovating and the finance options available to help you make your plans come to fruition, contact Richard Windeyer on 1800 01 LOAN or click here to "Book a Meeting"