When NOT to renovate

If your investment property is in need of repair or you are even considering a few renovation projects to get it ready for sale, There are a few things you need to consider first.

Whilst well planned,cost-effective renovations can certainly add value to a property,there is always the risk of overcapitalising. That’s why it pays to look into the types of renovations that really add value to your investment and appeal to potential buyers. Remember, renovating for your own personal use and renovating to attract a wide range of potential buyers can really be two different things. It all comes down to your return on investment or ROI.

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