MIN­I­MUM SPEND, MAX­I­MUM GAIN

IF YOU’RE REN­O­VAT­ING TO MAKE A PROFIT, DON’T SPEND A CENT MORE THAN YOU AB­SO­LUTELY NEED TO. CHERIE BAR­BER SHARES HER EX­PERT TIPS TO ADD VALUE TO ANY PROP­ERTY

Life & Style Weekend - - HOME - WORDS: CHERIE BAR­BER LIFE­STYLE.COM.AU For more ex­pert ad­vice, go to www.life­style.com.au.

If you’re ren­o­vat­ing to make a profit, there’s some­thing I al­ways stress: don’t spend a cent more than you ab­so­lutely need to. Re­tain and re­cy­cle what you can; spend the min­i­mum to get the max­i­mum; and don’t splurge on flash fix­tures and fit­tings when you can shop around and find smart al­ter­na­tives for a frac­tion of the cost. Here are three easy ways to add value to any prop­erty:

1. BREAK OUT THE PAINT BRUSH

It’s the cheap­est, eas­i­est and most ef­fec­tive way to in­stantly trans­form a prop­erty. If money’s tight, you can do it your­self. In­side, choose neu­tral colours that will lighten, brighten and ap­peal to most buy­ers. Choose a glis­ten­ing off-white for all the wood­work. There’s sim­ply no other im­prove­ment you can make to a prop­erty that will de­liver the kind of easy re­turn that a taste­ful paint job does.

2. ADD AN EX­TRA ROOM

Any agent will tell you: adding a room adds value. But be sen­si­ble about it. If you have to turn the living area into a shoe box to steal space for a new room, then the value add is ques­tion­able. How­ever, some prop­er­ties have a spare din­ing room, sun­room or other re­dun­dant space that can quite eas­ily be con­verted into a bed­room. It may just re­quire a false wall and door. Have a good study of your lay­out, and see if you can do a clever re­work to gain an ex­tra bed­room.

3. LET IN THE LIGHT

Noth­ing is more off-putting than a gloomy in­te­rior, so look for ways to bring in the light. Is there is a big, un­ruly bush out­side that’s hog­ging all the sun­light? Can you re­place heavy cur­tains with mod­ern mi­cro-vene­tian blinds? Can you add a sky­tube or sky­light to a dark kitchen, hall­way or bath­room to flood it with light? Check with your lo­cal coun­cil, but of­ten you don’t need plan­ning per­mis­sion for these. Use ev­ery way pos­si­ble to bring in nat­u­ral light.

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