Renovation

For homeowners, renovation simply means improving an outdated structure or repairing any damage in a dwelling. For property investors, it doubles as a strategy that could help them generate instant equity and ultimately improve the overall cash flow situation of a property portfolio.

A lot of investors looking to add value to an existing property are resorting to renovations, but what exactly does it mean to renovate a property?

Should you start with the kitchen or the bathroom? Can you change an entire floor plan?

Do you tear down a wall and rearrange the pipes? Or are you better off just slapping a fresh coat of paint on the walls?

Renovations could mean different things to different investors, and as in any investment strategy, the decision to improve a property for equity must be based on one’s goals, capabilities and limitations. If carried out correctly, renovations increases a property’s potential to create thousands of dollars in returns over a short period.

Smart Property Investment introduces multiple ways to ensure maximum value from a renovation—from identifying consumer demand, creating a renovation budget and timeline and confirming probable revaluation range to finalising a design plan, finding the right tradies and mitigating risks.

Whether you’re doing it yourself or engaging professionals builders, a targeted approach can help any investor improve the presentation and the value of their property without overcapitalising.

The Renovation section also explores national and state/territory regulations affecting renovations as well as current trends in interior design and landscaping, including paintwork, floor coverings, window treatments, tiling, light installations, lawn and garden maintenance and many more.

By Sasha Karen

The driving force behind asbestos removal

By Laorence Nohra

Sydney home renovations – How to avoid a costly disaster

By Bianca Dabu

Renovation 101: 14 tips to make any bathroom look and feel bigger

By Bianca Dabu

Renovation tip: Choosing the right bathroom tiles

By Bianca Dabu

Renovation tip: The benefits of ‘colourful’ bathrooms

By Bianca Dabu

Renovation v Remodel: Which one does your property need?

By Sasha Karen

3 tips to kid-proof your backyard

By Bianca Dabu

Renovation 101: The do’s and don’ts of bathroom renovations

By Bianca Dabu

How to save money on bathroom renovations

By Bianca Dabu

Renovation 101: Do you really need a smart toilet?

By Sasha Karen

Which places paid the most and least for tradies across Australia this year?

By Bianca Dabu

A 3-step checklist for a good renovation

By Bianca Dabu

On bathroom renovations: ‘Balance form and function’

By Bianca Dabu

How to avoid health damages caused by asbestos fibres

By Bianca Dabu

Renovation tip: Follow the ‘worst house, best street’ strategy

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