Top 6 Tips when Renovating for Profit
Every year TV Shows like 'The Block' and 'House Rules' get us Aussies excited to transform our own homes. It's important to remember that in real life, it's not nearly as glamorous, easy (or dramatic luckily).
If your home is calling for some improvements, and you're wanting to renovate for profit, these 6 tips will definitely come in handy.
If you want to increase the value of your home, it's important you understand exactly what changes are going to help do it. Research the current market and style trends to ensure you get the most bang for your buck! This little hack could change save you $$ in renovation costs, and add $$ to the final sale price on auction day.
2.Take Yourself Out of the Equation
Just because you want your living room to have a bright blue polka-dot feature wall, doesn't necessarily mean your ideal buyer will too. Add character without personalising, keep it neutral but exciting. Tailor the renovations according to what your ideal client wants/needs. For example, a family of four with a dog, cat and goldfish will have different requirements compared to a young, millennial couple with no children or pets.
3.Budget, Budget, Budget!
Know your estimated costs upfront, have a buffer, and plan accordingly! This will take the headache out of your renovations, and stop you from making 'silly' decisions regarding the improvements.
4.Repair, Replace or Remove
Adding value to your home doesn't always mean ADDING to your home. Occasionally, repairing and improving important features in your home can accomplish just much as adding new ones elsewhere.
We Aussies love our large, spacious homes! We appreciate space to move, play and create memories in. Where you can, try to add space to areas to create atmosphere and charm. You can do this by adding windows, removing walls or painting them in light hues.
6.Build a 11/10 Team
Both large-scale and small-scale renovations will require you to outsource some form of workers, skills or tools. It's essential you use reliable, efficient workers so the renovation is completed safely and soundly.
But where do you find these workers? LocaL2LocaL of course!
When renovating features in your home, LocaL2LocaL has hundreds of industry professionals registered and ready to assist whenever you need. All you need to do is search in the area around you using the App, compare reviews, qualifications and prices and book with ease!
It's completely free to download and register from the App Store and Google Play, and you are in control of which Service Providers you need. There's no quoting on LocaL2LocaL, so what you see is what you get. We even have a live-tracking feature to track your Service Provider as they arrive to your door!
On that note, we wish you the best of luck with your home renovation ventures!