Hi all,
For a 2BR single-storey unit that I'm planning to do cosmetic reno to:
1. increase rent
2. hopefully reval & extract equity 6-12 months down the track
Questions:
1. While I'm aware that it doesn't always happen, what renos to a unit will more likely result in increased equity?
- kitchen
- bathroom
- lighting
- painting
- flooring
- backyard landscaping
?
2. Would the valuation significantly alter if expensive materials/appliances were chosen? Or it depends largely on the valuer?
I've done some searches on the forum with 'valuer, renovation' as keywords and learnt a few things; would appreciate any opinions too. Thanks!
For a 2BR single-storey unit that I'm planning to do cosmetic reno to:
1. increase rent
2. hopefully reval & extract equity 6-12 months down the track
Questions:
1. While I'm aware that it doesn't always happen, what renos to a unit will more likely result in increased equity?
- kitchen
- bathroom
- lighting
- painting
- flooring
- backyard landscaping
?
2. Would the valuation significantly alter if expensive materials/appliances were chosen? Or it depends largely on the valuer?
I've done some searches on the forum with 'valuer, renovation' as keywords and learnt a few things; would appreciate any opinions too. Thanks!