podcast

Will a quick cosmetic renovation benefit your bottom line?

0

Victor Kumar, director, Right Property Group

{{youtube id="D0oz8kStJ-w"}}

If you're seeking to add value to your investment property with a cosmetic renovation, you need to make sure you're getting bang for your buck.

When you're looking at doing a quick cosmetic renovation there's a few factors that you need to look at, obviously is whether you're going to get bang for your buck. In other words, if you're spending say $5000, does it add at least $15 000 to the bottom line? The other side of the coin obviously is to see whether it makes it more rentable and more presentable to your tenants. Because the better looking the property, the better the quality of your tenant and potentially, within the ceiling of that area as far as rent is concerned, the better your rental return.

Listen to other instalments of The Smart Property Investment Show:
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
Episode 43: 22 properties by 30: Can Generation Ys build massive portfolios?
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%