Buying to renovate is a risky strategy…

And it’s not one that our team recommends. 

Renovations are a great value-add for a property that already performs well… 

Small renovations that you can complete as soon as you purchase the property can help you attract tenants and increase the property’s value… 

Such renovations include replacing carpets, applying fresh coats of paint, and modernising the fixtures and fittings.

Ideally, you’ll make at least $2 back for every $1 that you spend.

Maybe you’re wondering why we believe that?

It’s simple…. Those who buy to renovate often make mistakes along the way… 

Here are two that will cause serious problems.

Mistake # 1 – Taking on Too Much

A massive renovation project will take months to bring to a conclusion… 

If you try to do it all at once, you’re opening the door to mistakes. 

Things get overlooked as your eagerness to start the project takes over…

Those little mistakes can come back to bite you later on. 

There’s also the temptation to keep working on something after you’ve completed the initial project. 

One renovation becomes two…

And so on until you’ve burned through your budget!

Either way, you’re spending money on a property that hasn’t even earned a penny for you yet…

Mistake # 2 – Not Having Multiple Exit Strategies

Maybe you’re planning to renovate to sell to a first-time buyer: 

When you buy the property, the market seems to favour that strategy…

But what if the market changes partway through the renovation?

That’s a very real possibility for major projects. 

If you don’t have a Plan B or a Plan C in mind, you end up losing thousands…

The property has to go through even more renovations just to appeal to the new set of demands…

It’s crucial that you have an alternative if your first plan doesn’t work out…

And that’s something that we specialise in. 

Avoid Two Mistakes Most People Renovate Make

Our High Performance Property Plan provides you with multiple exit strategies.

That means you’ve always got a Plan B ready in case something goes wrong.

How do you get your hands on our plan?

Apply online today to find out if you’re a good fit.

Looking for property?

Start investing the 'new way'.

Scroll to Top