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Home Renovation Professional Reveals When to Renovate and When to Knockdown and Rebuild

Announcement posted by Next Level Extensions 18 Aug 2016

Home renovation specialist in Perth reveals how to decide whether to renovate an investment property or knock it down and start over.
Perth, WA, 18 August 2016 - Home renovation has become extremely popular in Perth and across Australia. This is especially true for investment properties. Some investors like to renovate and then “flip” properties, selling them short term. Other investors who are looking at the long term like to buy an investment property, add value and then rent it out while the value appreciates.

Both of these strategies are solid and have helped a lot of people retire early or even quit their regular jobs and become full time property investors. However, success isn’t guaranteed with either business model. Not everyone who buys a home and renovates it gets rich or is successful. There are a lot of factors that go into succeeding in renovating investment properties. Luckily, most of those factors are within the control of a savvy investor.

The idea of investing and renovating is simple: buy a distressed property at discount, add value to it and either “flip” it right away or keep it as rental property while it increases in value. Some properties will be worth renovating. But some will be so distressed that investors are better off knocking them down and rebuilding them.

Examples of Properties That Need to Be Knocked Down and Rebuilt

Homes with Large Cracks

Most older homes have a few small cracks. Usually, they are signs of normal wear and tear. But if a home has even one crack that is more than 5 mm wide, it could indicate a large structural problem. Before renovating, it would be crucial to have all structural elements checked.

Homes with Excessive Mildew


Mildew is a sign that there is excess moisture in the home. If a home has a small, isolated area of mildew, it probably isn’t a problem. But if there is mildew in numerous areas of a home, it could indicate a much larger problem.

Other Considerations

If a home has one or more mismatched renovations, another renovation may just make it worse. Also, if a home has an outdated style or was built to be too “unique,” it may be better off torn down.

Examples of Properties that can Benefit from Home Renovation.

Substandard or Outdated Kitchen and Bathrooms

Kitchens and bathrooms are the most common home renovations for those looking to increase the value of an investment property. They are probably the most cost-efficient of all home renovations on investment properties.

Dark and Gloomy Home

Most homes that are too dark or gloomy can be fixed by knocking down the interior walls of the common living areas and using an open floor plan. An open floor plan lets in more light and frees up more space. Open floor plans also look more modern and are “trendier” among homebuyers.

Home Renovation Professionals Are Recommended

Most investors don’t try to do their own home renovations. They contact professionals who specialise in home renovations and let them do the work. In a market like Perth, this is important because buyers are critical about every flaw a home has, no matter how small. They use those flaws to negotiate a lower price. Professionals are worth more than the price they are paid.

Next Level Extensions are home renovation specialists in Perth. They have more than 70 years’ combined experience in providing home renovations, second storey additions and house extensions in the Perth area. To learn more or for a free consult with award winning home renovations designer Max Sardi, call 1300 948 094 or visit their website: http://www.nextlevelextensions.com.au/.