Get a plan
Check your foundations
If you start tearing up the vinyl to find rot underneath, it’s going to cost you time and money says Mr Armstrong, so checking your foundations first is key to knowing what you’re up for.
“Not every un-renovated property is good to buy. If it has a fundamentally flawed layout, structural issues, or flawed location they can be costly things to fix,” she said.
Have a clear budget
“Your kitchen is 2 per cent of whatever your property is worth. If it’s worth $600,000, you shouldn’t spend over 2 per cent – which is $12,000. Any dollar above, you’re over capitalising and you run the risk of not getting it back,” she said.
Decide if you’re going DIY or hiring some help
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