Friday, 20 November 2015

Property Renovation Strategies

Seeking to buy a property for a renovation project? Allot of my customer hire me to find them the perfect renovator; something nice and simple that will not cost the world to fix up. One of the biggest factors in making money out of a project is buying in the right area for the right price.

To find the right property I would recommend using a professional buyers agent. Through my years of being a real estate agent I meet many renovators that typically didn’t learn how to make money till their third or forth project. Buying the right property is a learnt skill that requires experience in real estate and renovating. For more information contact Wise Real Estate Advice on 1300 00 WISE. 

Once a budget is determined (cost of the total project including profit) it’s time to look for a property with potential. A few things I look out for:

-       Let there be light. Replace walls with windows or add skylights to bring in the natural light are one of the easiest ways to brighten up the place.
-       First impressions: Adding a garden can transform the feel of the whole place. When the home is on the market this will draw more buyers increasing bidding competition and soften up potential buyers before they walk in.
-    Bigger is better: New knobs on the kitchen cupboards may improve a house’s looks at the time of sale, but what really brings long-term added value is extra space. “If you’re doing an extension, there’s no point in doing a small one,” adds Mark. Make the extension as big as you can afford, without compromising the quality of your house, the size of your garden, or annoying the neighbours.”
-       Good as new: A few coasts of paint is the quickest way to increase major value. Best, then, keep the property in a permanent state of fresh glossiness.

When selecting a property spend money on things future buyers can see and touch rather than things buyers can’t see.

Sunday, 8 November 2015


Thinking about buying a property? The REIV are holding a free  Real Estate seminar. 

By attending you will receive professional advice on the current property market, how to choose the right home for you, relevant laws and more. Meet and hear from the experts, providing an outline of where and how to buy in the Melbourne market.

Featured Speakers:

  • REIV experts on the status of the Melbourne property market
  • Leading auctioneers give you an insight into bidding at an auction
  • Legal and contract specialists with tips on what to look for
  • Finance professionals with information on how to finance the property you want

When: Monday, 23 November 2015, 6:00 pm to 8:00pm

Buying your first home or investment can be a difficult process that many find over whelming,  buyers agent can increase your chances of owning property portfolio that will help you achieve your financial goals sooner. For a consultation free meeting on getting into the property market contact us via email or call us on 1300 00 WISE. 

Mark Ribarsky. 

Senior buyers agents at Wise Real Estate Advice.