To renovate or not to renovate?

These days more and more people are considering renovating.

Without doubt it has great rewards, both personal and financial. Yet on the other hand renovations can lead to overspending and little to no profit come sale day.

There are a magnitude of reasons why this can happen: market shift, blowing your budget, or not allowing for a monetary buffer for when things go wrong in unexpected areas. To combat this, it is vital to scope out your potential project before you commit.

Obviously, unless you are a builder or highly qualified in the area, a building inspection is a good place to start. This will help you reveal or circumvent any surprises that are pre-existing within the building. However, this does not always identify areas that will cost a lot of money during the renovation process, so below are my top three tips for scoping out a new reno property.

1. Service Check

I always like to check the metre box, as this can give a lot away about the services in the property. It will show you if the building has had any work completed in the last 10-years, which is a good sign. Also, unless you have budgeted for a full rewire you really don’t want to happen upon 100-year-old wiring, which any electrician will be demanding you replace.

2. Foundations

A good check under the house will show the state of the piers and footings, such as if they are original, in good condition or in decay. You will also be able to tell if ant caps have been installed, which are a great way to detect if there are termites. Be prepared to get a little dirty as some under floor spaces can get a little tight to say the least!

Read more

Image courtesy of Stoon/

FREE Starter Pack


With everything you need to get started in property investment, development or home buying. Click here

FREE Perth Property Market Report

FREE Perth Property Market Report

With latest suburb information, growth rates and essential information for property investors and home buyers. Click here

FREE Property Briefings

FREE Property Briefings

Information sessions on the property market, latest strategies, investment and development. Cutting edge information, no sales. Click here



For the latest Hot Properties, Tips, Strategies, Property Market Info. Click here

Awards and Recognitions