Real Estate Investor August 2022 | Page 100

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PROPERTY IMPROVEMENTS ADVICE

“ Reality TV makes renovating look easy and fun but the results of a poorly executed renovation can be disastrous - plus most prospective buyers can spot amateur DIY from a mile away .”

HOW TO STAY ON BUDGET ?

The most important aspect of upgrading with the goal of increasing a home ’ s value is staying on budget . Failing to do so means a homeowner may end up spending far more than they bargained for without seeing enough ROI to justify their efforts .

Q4 .

1 . Plan every detail before the project gets underway . Keep track of all expenses to make sure you ’ re sticking as closely as possible to your original budget but understand that you may have to factor in unforeseen costs ( generally 10 – 25 % extra ).
100 AUGUST 2022 SA Real Estate Investor Magazine