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T.R. Peters Renovation Tips – Helping you achieve your home renovation goals

What's the best way to go about renovating your home, and how would you know if you were over-capitalising on your property? Below are some tips that hopefully serve as a rich source of information - Restoration

Over-capitalisation

It's important when renovating that you don't over-capitalise on the property, especially if you’re planning on selling. This is a common mistake. People pay, say, 460k for a three-bed, one-bathroom property, then spend 75k renovating it. Take into consideration buying and selling costs of 35k, which means that you need $570,000 just to get your money back. When most tidied-up three-bed and one-bathroom places in the area are selling for mid-to-high 500s, you have done a lot of work for very little or no return.

What to fix up

The important things to renovate, and where you can improve the capital value of a property most are kitchens, bathrooms, landscaping and gardens, plus a coat of paint. These areas are where you can get the best return on your investment. Other improvements you should include are:Extensions

Basically, fix anything visual that can create an objection.

 

Council approval:

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. It's a good idea to approach your local council and have a discussion about your proposal before you do it. T .R Peters can assist you with this process.

Create a wish list

If you are improving the place for your own personal use, then I suggest you create your own personal detailed wish list before getting started. This will save you starting one thing then needing to change another to match, that maybe could have been done at the same time if you were more prepared. Spend the time to get a feel of what you would like your new home or renovation to look like. Create an ideas folder, where you can store your own photos, picture cut-outs, colour schemes, floor layouts, information on external finishes, as well as information on internal finishes. This information will act as a design brief for the architect.

Budgeting and finance

Establishing a budget for your house renovation project is a very good idea. Many people run out of cash partway through, as they didn't put the time in to work out the costs in detail. Others just don't stick to a budget. It is also a good idea to consider the separate costs of moving in, such as new furniture, appliances, etc, to go with your new styled place.

Final tips

Remember:

A T.R Peters renovation will increase the value of your property, and is the best form of investment for your future. Hundreds of clients have benefited from our quality and reputable services, which include –


House renovations in Brisbane have never been easier. We will work with you from inception right through to completion, even assisting you with your council plans. We are also members of the Queensland Master Builders Association, which gives you piece of mind in knowing that we are qualified and reputable. We have built a fantastic reputation over the last 25 years in being a quality Brisbane building company, committed to achieving outstanding results for our clients.

Ask us about our free, no obligation on site quote. We look forward to assisting you with your next Brisbane house renovation project. Contact us today for more information.

T R Peters – “Built to last”