Renovating an investment property is laden with potential pitfalls, but a property valuer who has seen all the mistakes spells out the tactics that will generate the best returns for investors.
If you want me to spill my tea as a property valuer, make me watch what I see time and time again - investors overcapitalising on their investment property renovations.
And I can’t hold my tea down as long as investors are not starting at the end and working backwards.
Let me explain.
I want you to think about your property as a piggy bank. Your property (depending on where it’s located) has a finite size and a limit as to how much money it ca…