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Property News

Aussies love to renovate

October 01, 2011

Today's consumers are watching Do It Yourself (DIY) and renovating shows as well as buying the latest DIY or interior design magazines that inspire individuals to improve the property they own.

LJ Hooker this spring is supporting the ‘renovators dream' by offering a total of $10,000 for home improvements to customers who share their tips on increasing a property's value via registering their tip on www.ljhooker.com.au* from 15 September till 15 November 2011.

Property buyers in Australia are not afraid of buying a house to renovate with the Bureau of Statistics reporting that the value of large alterations to homes has increased by 11 per cent between 2009 and 2010.

LJ Hooker agents nationally have reported increased activity from buyers interested in the properties that require anything from minor to serious improvements.

In fact they see it as an opportunity - many buyers are seeking out these properties so that they can renovate to suit their own individual style.

If finding a ‘renovator's dream' is what you are after then we'd suggest you consider the following before purchasing.

Budget: Make sure you take into account how much you will spend on renovations. Have a buffer in case you end up spending more than you had originally planned.

Research: Don't forget to use the tools at your fingertips. myLJHooker is a great resource for all your information needs - renovating, offers and how to guides.

Planning: What planning requirements are needed from your local council. Any delays could end up costing you more than you anticipated.

When renovating to sell, it's important to consider where you spend your money so that you add value that will be noticed by potential buyers. Doing your research on what buyers are looking for is valuable time spent.

Visit ljhooker.com.au or contact your local LJ Hooker office for information and assistance.

*Terms and conditions apply. For more information visit ljhooker.com.au.

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