HOW TO RENOVATE FOR PROFIT: 4 BASIC TIPS ON HOME IMPROVEMENTS

HOW TO RENOVATE FOR PROFIT: 4 BASIC TIPS ON HOME IMPROVEMENTS

Be it a bathroom, kitchen, laundry or house renovation, as a home owner even if you do not
intend to sell your property you definitely want to get the maximum profit out of your purchase.
You also want to save on costs and make the best out of your renovation and design. Below are
some 4 basic priorities that may look simple but are worth considering in order to successfully do
a renovation without breaking your bank account.

1. BUY THAT ‘CRAPPY’ LOOKING RUN DOWN HOUSE ON THE BEST STREET

Many at times, the most run down house is the one that everybody does not want to buy. See this
as an opportunity because most probably the price of this house will be the one you can afford.
You can’t change the street or the area where the house is located, but you can definitely bring
those bathroom ideas and designs into life with a stunning affordable house renovation that will
have potential home owners running to buy.
Always remember that the price you purchase a house for is the number one most crucial point in
any home owning venture as this is where you first make a profit. Forget everything else and see
the bigger picture. Buy affordably and renovate affordably.

2. RESEARCH: IT’S NOT ABOUT YOU, IT’S ABOUT THE CLIENT

Repeat this phrase two times: ‘It’s not about me, it’s about the client’…
Many people get carried away when it comes to a renovation. You need to do your research
of future potential buyers that would want to own your property.

Remember, it’s not about those flamboyant colors and decorations that you’ve been dreaming about, it’s about what the client wants. Going neutral on colors is highly recommended even for a kitchen and bathroom. Look around and talk to developers to get a clear and precise picture of who is likely to purchase your property. This will save you a lot of future losses and save you time and money.

3. NEGOTIATE MATERIAL COSTS

A renovation can be your worst nightmare if you do not have your budget and time right.
You can save on materials and transport costs by buying at a one stop shop. Do your research
on the cost of materials so as to get the best bargains. Keep in mind that a renovation is time
consuming and you may need the help of a project manager to organize your project.

4. FIX THOSE ‘SMALL LITTLE’ DEFECTS

Yes, defects make look small but end up becoming huge problems and more costs.
Fixing small defects will not only add value to your property but will also save you a lot of
embarrassment.

It is a known fact that houses have been vacated because of horrible sewer
smells and leaks. A good kitchen and bathroom will go a long way in enticing future potential
buyers. Below are some of those small ignored defects:

  • Broken windows
    Pests and rodents
    Disgusting, growing mold in bathroom
    Squeaking doors
    Faulty door latches
    Dripping taps
    Loosely fitted tiles
    Stinking sewer smells
    Dangerous looking stairs
    Ceilings cracks and plaster work
    Peeling paint

As you prepare to renovate with a profit on your next home project, call our fully-qualified
renovation experts today on 047039089 to get a free quote and in-home consultation. We give quality bathroom designs Australia, kitchens, laundry and do stunning home renovation at an affordable renovation cost. Check our bathroom packages

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