Whether you are searching for a renovation project in Brisbane, Sydney, or even a rural town our aim is for you to get maximum financial return from your renovation project.
At Aus Property Professionals, we always focus on WHY we are doing it and ask whether what we are doing is going to be beneficial. Renovating a property is an excellent way to manufacture your own equity without relying solely on the capital growth of the market.
Renovating isn’t as straight forward as the reality TV shows portray. It can be stressful, emotional, time consuming, and very costly. If not done right, it can be a very risky investment if the wrong property is purchased or the extent of the renovation will be too costly. Novice and emotional investors can get stuck and even lose time and money if they don’t manage the project properly which could result in the property being over capitalised.
On the other hand, if done correctly, renovating can reap exceptional returns. In order to gain from renovating, you must know exactly how much can be spent on a property to be able to re-sell, increase rental return, or re-value.
Experienced investors are able to renovate as a strategy in order to manufacture equity, without waiting for the market capital growth, and then they can refinance and purchase their next investment property. This can build a property portfolio quite quickly.