Home renovations can improve your lifestyle, add to your home’s value and provide an enormous sense of satisfaction. But there are also plenty of pitfalls to avoid in the renovation process.
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Each year thousands of Australian home owners undertake successful renovation projects. Thinking about what you want from your renovations will ensure the end result meets your goals.
Knowing the sorts of expenses involved in a home renovation is essential for drafting a realistic budget.
There are plenty of smaller costs involved in a home renovation – be sure to include these in your budget.
Taking a do-it-yourself approach to home renovations has the potential to save on labour costs but there are also plenty of downsides.
The biggest risk many renovators face is overcapitalising. This occurs when the cost of your renovations exceed the market value they add to the property
Aussie does not provide any financial or investment advice. This document has been prepared as a factual guide only. It does not take account of your objectives, financial situation or needs. Aussie recommends that you seek independent financial advice and obtain your own professional legal and taxation advice before making an investment decision.