Renovations that increase profit.

Discussion in 'Renovation & Home Improvement' started by Eleanor Sharman, 3rd Jan, 2022.

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  1. Eleanor Sharman

    Eleanor Sharman New Member

    Joined:
    3rd Jan, 2022
    Posts:
    1
    Location:
    Laidley QLD
    Hi, id like your views on whether or not creating a doorway from the kitchen/diner to a large 'walk though' room would pay for itself?
    It would create another living space/study with direct access to the kitchen.
    It would also mean you could separate the existing lounge from the rest of the house. The current lounge is quite small and already has direct access to kitchen /diner via a large sliding door.
    I wanted to do it for reasons of sharing the house but also need any $$ spent to increase the value of the house.
     
    Eleanor Sharman, 3rd Jan, 2022
    #1
  2. wylie

    wylie Moderator Staff Member

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    18th Jun, 2015
    Posts:
    14,020
    Location:
    Brisbane
    It would be helpful if you can draw a rough mud map of the whole house.
     
    wylie, 3rd Jan, 2022
    #2
    craigc, Eleanor Sharman and Stoffo like this.
  3. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,850
    Location:
    Perth, WA
    As a general rule, you'd be lucky to get even your costs back as increased value for most renovation work.

    It takes specific planning and consideration on the type of work and the type of property before you start seeing greater than 1:1 returns on costs usually.
     
    thatbum, 4th Jan, 2022
    #3