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enquiries@nextlevelhomes.com.au

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Can You Profit on a Pre-Sale Renovation?

Feb 23, 2015

As part of a small company with a combined 70 years experience in providing home renovations to the Perth area, we have provided a lot of renovations to help people raise the value of their homes. Many real estate brochures are now recommending renovations anywhere from cosmetic to full rebuilds to increase home value.

Unfortunately, a home renovation or addition is no guarantee that you will turn a profit in the unpredictable Perth market. However, there is a method that can give you a very good chance.

Going DIY

If you are capable of doing a great job of DIY, you may have an easy time turning a profit. However, most people don’t have the time, skill or tools to do a professional renovation job on their own home that enhances its value.

However, if you just want to make cosmetic changes such as installing new appliances, cleaning and painting, those can help your home sell faster and for more money. Usually, painting, cleaning and updating kitchen appliances turn a profit. However, when you consider all the trouble and time you are going to spend with a full DIY renovation or addition, especially if you want it to look professional, you are going to work very hard for any profit you turn.

If We Do the Renovation or Extension

We have an easy system. First, you need to do your homework. Find out what your home is currently worth, then decide on what you would like to do for renovations. Figure out what your home will be worth afterward. You can do this with your real estate agent.

When you have two numbers, the difference will be what you have to work with. We can give you an estimate and you can decide if you are making enough of a profit to make it worth your while. Call us at Next Level Extensions and arrange for a consult.

For more information, call us today: 1300 948 094.

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