27th February 2020 / Prue Fletcher: To Renovate Or Upgrade?

This can be, quite literally, the million dollar question. Whether you've got itchy feet or your family is bursting at the seams, for many of us there comes a time where we find ourselves asking, 'do we need to renovate or is it time to move on?'

While there is no 'one-answer-fits-all' solution to this scenario, asking yourself these 5 questions can help bring you closer to making the right decision that best suits your family and back pocket.

Location

This can often be the deciding question for most. Is this where we want to be? If so, the following questions come into play.

Size

Can we achieve the space we are after by either going up or out? If we go out, will we be able to achieve balance without compromising on outdoor space?

Price

Are we investing in the right area and not overcapitalising based on the value of surrounding properties? As a rule of thumb, you should ask yourself, 'for every dollar spent will we get two back?'

Before starting any work, it's always a great idea to seek the professional advice of a local agent.

Timing

If undertaking larger renovations, experts advise that in Prue Fletcher order to get the most out of your hard-work, you're best Brand & Lifestyle Ambassador to get started a few years in advance. This way, you'll prue.fletcher@fletchers.net.au receive a safer return on investment.

Budgets

If budgets are tight, focus on cosmetic jobs instead. Areas such as walls, floor coverings and gardens will always set the stage for good first impressions or a facelift.

And lastly, if placing your home on the market without undertaking any work, our advice is to never skip on good styling. Results have proven time and time again that a well presented property will undoubtedly cover the investment and ensures your property appeals to as many buyers as possible.

Prue Fletcher
Brand & Lifestyle Ambassador
prue.fletcher@fletchers.net.au
@prue_fletcher