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THE PROPERTY NERDS: Reno rumble – Winning strategies for property value boosts
Renovation expert Belinda shares her strategic approach to boosting property value and rental yields through cost-effective updates, from $5,000 paint makeovers to $20,000+ kitchen and bathroom renovations.
Belinda urges investors to have a renovation strategy before starting the work, which ensures sticking to budgets and targeting improvements that align with a property’s demographic.
She warns against overcapitalisation and advocates for neutral, cohesive styles that appeal to a broad audience, recommending wood-look flooring tailored to market segments and noting that COVID-19 has driven demand for home offices and sanctuary-like spaces.
Belinda advises having reliable local contacts and using technology to manage interstate renovations, offering a comprehensive guide for investors navigating renovation’s complexities.
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