How to avoid losing $10,000 on renovations- understanding what adds value to a property.

This week 2 different people called me wanting advice on the addition of a bathroom. For one person the $10,000 bathroom addition would have added zero value and for the other person, the $10,000 bathroom would add $30,000 worth of value and $20/week to the rent.

In today’s video I discuss the factors I consider when working out what value a renovation can add to a property and run through 2 real-life examples.

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Shaun Craike is one of Cairns leading real estate agents, specialising in selling investment properties and residential real estate in the Cairns Region. Shaun prides himself on his in-depth knowledge of all sides of real estate.

Shaun personally owns a number of investment properties in Cairns and has undertaken a number of renovation projects. If you are buying, selling or renovating a property in Cairns Shaun’s advice could be the difference of tens of thousands of dollars in the end result.

Shaun is always happy to answer questions and is contactable 7 days a week via social media, phone or email.

MOBILE: 0466 090 016

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