Renovating? Consider an extra bedroom!
By | 1st Jan 17

Are you planning a renovation on your home? Well, we are glad you stopped by because have you considered adding an extra bedroom in your plans? Recent research by REIV has speculated that an extra bedroom can add up to $160,000 to the sale price.

If you are debating spending that extra $50,000 on adding on that extra room, you might want to think again. If you own a 2 bedroom residence, it might be music to your ears to hear that there is a lack of 3 bedroom product in the inner Melbourne ring with strong demand from empty nesters downsizing.

Now is the time to start thinking about your property goals and how you would like to achieve them. Our advice is to review all your options, price it up and project what you may get in return if you do choose to sell in the future!

The same applies for apartments as converting space into a bedroom can make a massive difference to your end result. We have assisted many clients to convert a car space or laundry room into a third bedroom with excellent results. 

For more information on how our experienced staff can provide you with advice on your properties, call 1300 697 356 or email buyer@advantageproperty.com.au for a no obligation consultation.

 

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