Will a quick cosmetic renovation benefit your bottom line?
podcast

Will a quick cosmetic renovation benefit your bottom line?

Victor Kumar, director, Right Property Group

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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.

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Episode 105: New podcast: Investor reveals the opportunities for migrants in Australia
Episode 104: New podcast: Q&A session with Paul Glossop – more questions answered!
Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
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Will a quick cosmetic renovation benefit your bottom line?
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