There is a great article on how 5 mistakes to avoid published on RealEstate.com.au with great renovating advice.
Plenty of people have an appetite for doing a place up and selling for a profit. But there are common pitfalls that get us into trouble.
Remember that renovating strategically isn’t about painting a wall and calling it a day. It’s about a careful consideration of adding real value to a property in the market, and that takes some homework as well as sweat equity.
Smart renovating can lead to capital growth and well considered improvements can hedge against maintenance issues on a property you intend to keep a hold of and rent out.
- Leading with the heart not the head
- Paying too much for property
- Over capitalisation
- Doing it yourself
- Ignoring your audience
You can read the full 5 mistakes to avoid when renovating for profit article here.