In the past couple of months, there’s been a surge of homeowners renovating and taking the time to fix up their property. With properties we’ve listed that are on the older side and in need of a refresh, a lot of the potential buyers are looking to renovate. If you’re looking to buy a property for renovations, below are some of our top factors to consider.

Where to buy

It’s important to consider what areas have the right properties that are in need of a modern refresh. According to realestate.com.au the following are the suburb with the most ‘renovator homes’ for sale in Queensland:

1. Sadliers Crossing 58%
2. Petrie Terrace 53%
3. Herston 50%
4. Newtown 50%
5. Grange 47%
6. Mount Gravatt 45%
7. Keperra 44%
8. Wavell Heights 41%
9. Jindalee 41%
10. Camira 41%

How to add immediate value

There’s more things to consider to add value than simply giving the property a new paint. When it comes to renovation, have a closer look into your living spaces. If your kitchen is out-dated, renovating the space to upgrade to a new, high tech and visually appealing kitchen can be one of the biggest selling points of a property. Another space to consider is the bathrooms, it can be a costly room to renovate but by simply replacing fixtures and adding some modern features can quickly add value to your home.

Timeframe

It’s important to think about your timeframe. Renovating isn’t something that can happen overnight! By spacing your renovations with a long-term view, you give yourself a better budget to work with and time for the market to grow. A general rule of thumb when it comes to renovating is, if you’re going to move within five years, it’s not worth it.

If you’re looking to buy a property to renovate, get in touch with our team and we’ll help you on your property journey.