RENOVATOR'S EYES

Can you see it?

It’s not obvious but it’s definitely there. You’ll have to look beyond the out-dated kitchen and worn out carpets. I am talking about potential.
Some people can see it easily; they’re the ones who walk into a home open with tape-measure in hand and instantly declare “this place has massive potential”. Others struggle to see it.

If you’re one of those buyers with renovator’s eyes, you’re in luck because now is a particularly great time for buying a renovator. There are many properties around in blue chip locations that are being sold for near land value.

These properties aren’t dumps; they are solid, well built homes that simply have out-dated features. With the right vision and a little hard work (or in some instances, a lot of hard work), these properties can be transformed into spectacular homes – either as an addition to your investment portfolio or a home to move into.

Given that prices are at their lowest level in years and we’re seeing early signs of market improvement, buying a renovator could prove extremely rewarding in the future. But it’s not only about building equity; renovating also gives you the opportunity to finish the property to your exact requirements, which in itself is extremely valuable.

And when the market recovers and you eventually decide to sell the property, rest assured there will be plenty of buyers out there who will be happy to pay a premium for a renovated property… but only after they see it first.