I am in a block of 15 units on Northern Beaches in Sydney. The block is currently in the process of removing old brick balustrades and being replaced with new glass and aluminium balustrades. Cost is $135K including contingency for 15 units.
My question is, can I expect the value of the unit to increase by the 9K I am about to spend or will the value stay about the same? Or, would the unit increase by a percentage of that 9K?
Current value of unit is $465K as is.
My question is, can I expect the value of the unit to increase by the 9K I am about to spend or will the value stay about the same? Or, would the unit increase by a percentage of that 9K?
Current value of unit is $465K as is.