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Latest How Not To Overcapitalise A Renovation News

Reality check needed as renovators rush the hardware aisles

Renovators inspired by reality television shows and with access to funds are out in record numbers, but the rush to renovate is laden with potential pitfalls.

Couple doing a renovation
There's been a big uptick in DIY renovations over the pandemic. Photo: Shutterstock

Inspired by reality television shows, prompted by government grants and driven by pandemic lockdowns and restrictions, Australians are renovating as if their homes depended on it. 

A staggering four in five first home buyers are planning to renovate their new home, while HomeBuilder has attracted more than 18,000 applications for major renovation projects.

With ideas flowing and money redirected from non-existent holidays, an estimated 5.9 mill…