Renovating The Inside Of A Property
Renovating the inside of a property can also be a great way to increase the street appeal, rental return and longer term valuation of an investment property.
When we are inspecting a property with renovation potential, we ask the following questions:
1. What’s my strategy?
2. What’s my budget?
3. Will this renovation add value to my property?
4. Will this renovation increase my weekly rental return?
5. Is this renovation required and why am I doing this renovation? Many investors get emotionally attached to a renovation and over capitalise.
6. Does this renovation align with my short and long term property investment goals?
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2 thoughts on “Renovating The Inside Of A Property”
I know that it can be difficult if I don’t make a strategy and budget plan for a property renovation. Most people only think about the interior design when they plan to renovate their property.
I really need those and I found it, and yeah strategy and budget are always on top inside of property. Thanks for sharing these Ben!