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Renovation reassessment

by Marquette Turner

in Design & Trends, News & Views, Real Estate Radar

Property owners considering renovating their homes in order to increase value may be taking a gamble, according to experts who say it is no longer a sure investment in the current real estate market.

People get in trouble often thinking everything they do is going to add value, and when real estate prices are struggling regardless, over capitalisation could be the kiss of death.

There are, of course, things that owners can do to add value to their homes or increase buyer interest, which cost little or no money.

A new coat of paint, cleaning up the garden; and other small things like making sure your bins are not in clear view when buyers come to see your property: not all renovations have to cost an arm and a leg

Be ever mindful when you are spending your money, is the simplest thing to remember!

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