BENTLEIGH RENOVATION PROJECT

  • Bedroom
    4
  • Bathroom
    3
  • Parking Space
    2
  • Project Spend
    $89,000
  • Time Frame
    60 days
  • Land Size
    670 m2

BENTLEIGH RENOVATION PROJECT OVERVIEW

This property is currently for sale. The tenant has moved out and some damage has been found in the house. The goal is to complete basic renovation work within a reasonable budget to improve the presentation of the property and make it more attractive to buyers.

Cracks on the ceilings, internal walls, and external rendered walls are common in older houses. However, these areas are very visible and can affect the sale price, so repairing them is recommended.

The hardwood stair flooring requires polishing and staining to restore its appearance.

The existing carpet has marks and dents caused by old furniture, which makes it look worn. Replacing the carpet is a relatively low-cost improvement and can make the flooring look fresh and new.

Kitchen and bathroom renovations are highly recommended, as these areas usually have the biggest impact on increasing the value of the property.

The most effective renovation works to improve the presentation of the property include:

  • Repainting the interior
    • Replacing door handles
    • Replacing power point and light switch covers
    • Installing new carpet

These improvements can significantly enhance the overall look of the property without requiring a major renovation.

The renovation cost for this property is $89,000, with a potential increase in property value of approximately $150,000–$200,000, depending on the market conditions at the time of sale.