As a Property Makeover Specialist I regularly speak at property presentation seminars, and often hear the same questions.
Last time I shared with you a very common dilemma people can have – should I renovate or do a property makeover if I’m in a popular development area? You can read that article here.
Another very popular question is: “A friend of mine has recently made-over their place to sell, they put in a kitchen, they painted and landscapers were there for days. Then someone bought it and they are now pulling the house down or they are now installing their own kitchen – isn’t that a waste of money?”
The first thing I say is; if you made those changes in your home without listing for sale and you decided to pull them out or you chose to demolish the property, then I would agree with you!
However, it is important to understand what the actual expected reward from the makeover investment was. It actually really wasn’t because the kitchen would be used for the next 15-20 years, it was the fact that the kitchen was a drawcard to get more people through their home and created competition – that is how it has paid them back.
