If you’re planning on renovating to sell, it’s important you don’t over-capitalise … especially when you can’t always rely on capital growth.
The areas where you can often dramatically improve the capital value of a property are:
1. Kitchens
2. Bathrooms
3. Landscaping
4. Paint
These areas generally produce the best return on your investment. Other
improvements you should consider are replacing rotten or fixing squeaky
floorboards, building a new fence, fixing eaves and gutters or adding a driveway to a property. Basically, fix anything visual that could create an objection. Of course, if you are going to do major renovation work, like moving walls or building a carport or deck, then you need to consider council(s) and other statutory authorities.

Other key factors to consider …
• Add natural light wherever possible.
• Open up tight spaces with an open plan feel.
• Plant colourful flowers.
• Get rid of any clutter.
As a final tip, remember that less is more when it comes to renovating to sell. If you plan on living in a property for some time, then adding your own personal touch when renovating is great. However, if you are planning to sell, then keep it simple. Your objective is to appeal to a broader audience, so neutral tones and clean, simple lines are best. Potential purchasers will then focus on what they can add to make the property their own, rather than what they need to re-do!

Heather McLean

Office: 03 467 7277
Home: 03 489 4891
Mobile: 021 246 7762
Email: heathermclean@xtra.co.nz
Web: www.mrsmacsproperties.co.nz

Cutler Real Estate Ltd Licensed Under REAA 2008
284 Stuart St, Dunedin