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Home Renovations Specialist in Perth Spills the Beans on Property Investors

Announcement posted by Next Level Extensions 07 Nov 2016

These home renovations have helped many Perth property investors prosper in the short term and the long term.
Perth, WA, November 07, 2016 - TV shows in which people buy old homes, perform home renovations and “flip” them are popular in Perth and across Australia. However, they have also created a subculture of people who think it is easy to renovate houses and that they are guaranteed a profit. For many DIY “home renovators,” this could not be further from the truth.

Intelligent, professional home renovations have helped many investment property owners in the Perth area increase the value of their homes. This results in them being able to collect higher rents and sell their homes for higher prices when it is time to get rid of them. Sadly, many DIY enthusiasts do more harm than good when “renovating” a home.

Safe DIY Home Renovations

There are some basic cosmetic renovations that many DIY enthusiasts can do on their own to make their homes more marketable. These include the following:

a. Cleaning and painting the entire property, inside and outside
b. New blinds and curtains
c. Air conditioning and heating
d. Laundry facilities
e. Built in wardrobes
f. Modern lighting and fixtures
g. Modern kitchens

Most of these can be performed by a reasonably-talented person with enough time on their hands to do it while working a regular job. However, what all of these home renovations really do is make a property good enough to rent. They don’t really provide a competitive advantage on the market because everyone is doing them. They are essentials that must be done just to break even.

Professional Home Renovations

Property investors who want to profit from home renovations need to either be full-time renovators or project managers with access to a full crew of competent tradies. Otherwise, their renovation attempts can look amateurish and, if anything, decrease the value of their homes. The worst risk of DIY home renovations is structural damage to the home.

There are three basic strategies for home renovations when trying to raise the value of a home.

Home Renovations

Standard home renovations use the space that is already existing in the home. Extensive home renovations rebuild the home using the structure that is already in place. These can involve moving or even knocking down a few interior walls and opening up the living space. This allows a lot more light to go into a home and “brightens up” the home, giving a better first impression to renters or buyers.

Home Extensions

If a home has enough space to expand outward, a home extension is often the answer. This adds more rooms to the home, especially bedrooms and bathrooms. One of the most popular ways to expand is to build the home extension and then modernise or renovate the original space.

Second Storey Additions

If there is no room to build outward, many homeowners can build a second storey addition, using the same strategies listed above.

Professional home expansion and renovation are generally accepted as the best ways to increase home value.

Next Level Extensions has more than 70 years’ combined experience in providing home renovations, home extensions and second storey additions to Perth homeowners. They are experts at turning ordinary investment properties into show-stopping “hot commodities” that can trigger bidding wars on the rental and sales markets. To learn more, call 1300 948 094 or visit their website: http://www.nextlevelextensions.com.au/.