fbpx

Renovating your investment home for best results

Renovating your investment home for best results

So, you have just purchased an investment property or maybe your tenants have vacated and your property needs a refresh? Renovating can be expensive and there can be many pitfalls. You want to make sure you get as much value for your dollar as you can, so read on for smart and money-wise ways of revamping for the best results.

Kitchen
If you are on a tight budget, the kitchen is the area that you should spend the most money on, especially when it comes to the kitchen benchtop. Considering an option such as reconstituted stone can really add value to your investment property.

When deciding what sink to go for, it is best to avoid under mount sinks with stone tops. The stone is known to chip over time causing it look tired.

It is also recommended to steer clear of outlandish colours for the cabinetry, as this might turn off some would be tenants, plus they will date very quickly.

Natural Light
Abundant natural light will improve the look and feel of any home. Introduce a skylight if your budget allows.

Lighten up floors, using a light coloured timber or tile, with white paint on the walls. Keep window coverings simple, ideally light coloured roller blinds. All these will make the place look and feel bigger.

Do’s and Dont’s

  • Don’t carpet the dining area, as it will get dirty very quickly and will be harder to clean. It is best to use hard flooring such as tile, vinyl or floating floor. Avoid the use of feature walls – they alienate some people and can look dated.
  • Use a better quality, durable paint, as it is easier to wash down at the end of a lease, and cheaper than repainting.
  • Don’t use feature tiles in bathrooms, keep it simple. Look for larger format tiles which means less grout to clean.
  • While you can do a lot of the works yourself, don’t attempt specialist renovation items on your own. Call in the professionals for things like waterproofing, plumbing, electrical or cabinetry as it may end up costing you more in the long run.
  • Plant some low maintenance plants in the garden. Look for native plants as they will tolerate a bit of neglect and don’t take much to look after.

Designer’s tip
Choose a white paint colour for all walls which has a touch of black in it, such as Dulux Natural White. It provides great coverage and you may only need to apply two coats instead of three.

Written by Tania Bell from Green Room Interiors

 

Share:

More Posts

Tips For Finding The Best Real Estate Agents Melbourne

Selling or buying a home is one of the biggest transactions you’ll ever make. Your sale or purchase comes with significant legal and financial repercussions. As such, you need enough planning and understanding before finalising the transaction. One person who will be at the heart of this whole process is your real estate agent. (1) Finding the right real estate

Market Update May 2022

The month of May saw us witness a slight adjustment in property prices after a significant and prolonged period of growth, the third-fastest in Australia’s history.  Whilst those currently transacting in the market are seen to be operating with a little more caution, there are still a large number of buyers looking to purchase both homes to live in, and

family_friendly_suburbs

Which Are The Best, Family-Friendly Suburbs In Melbourne’s East?

Do you find yourself amid a lifestyle change? Perhaps a new baby is on the way, or the children are growing and need more space to call their own. For many of us, finding a bigger home to accommodate a growing family is something we’ll encounter during life’s journey and may involve deciding which suburb will suit our growing families

Top tips for selling in winter

When warm weather strikes and an abundance of flowers burst into bloom, it has traditionally been the time people choose to sell a home. Spring and summer see property listings surge, but sellers are cottoning on to the advantages of putting up that “For Sale” board in winter. With a slightly different approach, that coveted sold sticker could be up

Send Us A Message