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Money Maker – Lady of the House

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Content Contribution from Natalie Koutsikas, author at LADY OF THE HOUSE

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renovating.

the word itself, gives some people a cold shiver but for others it gets their blood rushing – but even more so when there’s money to be made.

renovating for you and your family to enjoy vs. renovating for profit are 2 VERY different conversations. one common factor to take into consideration however, is your budget – know your budget and stick to it.

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when “flipping” property has the potential to reap huge rewards it’s important to know where money is best spent to get the best return.

Jacqui Dunn (Jacqui Dunn Interiors & MC3 Building & Interiors) shares her tips on successfully renovating for profit

  • flooring – changing the flooring in a home has the ability to add huge value for little cost
  • painting – never under estimate the importance of a good lick of paint throughout, it gives a home new life
  • employ qualified trades – the profit is in the quality and workmanship of the renovations. buyers don’t want to see a “dodgy” quick reno
  • hire furniture – don’t let all your hard work go to waste by putting your property on the market and leaving it empty
  • better yet, work with a stylist from the beginning they can project manage the entire process from design to trades and getting the property photo ready for sale

a recipe for success that can see any property earn it’s keep