Project Overview
In the suburb of Banks, Canberra, a couple needed to sell their property quickly due to an interstate move. Faced with a tight schedule, they turned to Renovation Matters for assistance.
A key differentiator for Renovation Matters is their ability to fund renovations until settlement, which was crucial for this project.
The entire process, from renovation to auction, took just 4-5 weeks, selling at auction in May 2024.
The Result
- achieved the third-highest record price in the suburb, and arguably the highest if recent market spikes are discounted
- It was the highest price for a 3 bedroom, 1 bathroom home in Banks
- For every dollar invested in the home renovation, the homeowner realised a return of $2 to $3.
This impressive return highlights the financial benefits and value-added impact of the renovation project, effectively doubling or even tripling the original investment.
Budget and Value Increase
With a strategic renovation plan, the property saw substantial improvements that significantly increased its market value. This transformation was not just about major changes but also about attention to detail and practical small enhancements that made a significant difference. As well as the following highlights, smaller maintenance was undertaken, such as fixing the wardrobe doors.
Solutions
Kitchen Renovation: The kitchen was given a perceived renovation. It was painted, and new appliances were installed, creating a modern and functional space that appealed to buyers.
Bathroom Renovation: The bathroom underwent a cost-effective renovation. The old terracotta tiles were painted white, resulting in a bright and modern appearance. Shower repairs were completed, including the installation of a new shower screen.
Flooring: The flooring was updated with new carpeting and luxurious vinyl planks, creating a faux oak wooden floor. This elegant update added a sophisticated touch to the interior.
Painting: The house received a fresh coat of paint both inside and out, revitalising its overall look and making it more appealing to potential buyers.
Landscaping: The overgrown garden was trimmed and tidied, enhancing curb appeal and creating a positive first impression. Additionally, an old rotted pergola was removed, and another was repaired to improve the outdoor space.
Roof: The faded roof was repainted, restoring its original look and adding to the home’s overall aesthetic.
Sold at Auction
The house was sold at auction in May 2024, achieving one of the highest record prices in Banks. This remarkable outcome was a direct result of the strategic renovation efforts by Renovation Matters. The comprehensive service provided by Renovation Matters ensured the property was market-ready in a short timeframe, alleviating the stress for the homeowners and maximising their profit.
The couple was extremely pleased with the results, noting that the funding provided by Renovation Matters until settlement was a game-changer. The quick turnaround and impressive sale price demonstrated the tangible benefits of a well-executed renovation plan.
The homeowners were thrilled with the process, emphasising how the comprehensive services and funding option provided by Renovation Matters made the entire experience seamless and efficient. The successful sale at a high price point reinforced the value of investing in strategic renovations.
Renovation Matters continues to assist homeowners across Canberra in achieving remarkable results by transforming properties and maximising sale prices. If you are considering a renovation to sell, contact Renovation Matters to discover how they can help you make the most of your property.
When it came to making the decision to renovate for sale, our expectations were surpassed when we engaged Renovation Matters.
- Kim Persson is highly responsive and worked amazingly to fit our very tight timeframe.
- Kim has excellent hands-on project management skills.
- Kim is focused and results-driven with a “can-do” attitude.
- Kim cares about your home as if it is her home and insists on quality outcomes.
- Renovation Matters works with a high-quality cohesive trades team that works seamlessly together.
- The team does not gloss over problems but remediate root causes with Kim often on site to find solutions quickly when necessary.
- The trades team showed up when they said they will and work to achieve excellent results.
Kim takes a genuine interest in the lives of her clients. We needed to live in-house while renovation work was done, and her team were flexible in working around us.
We highly recommend Renovation Matters.
This project not only underscores Renovation Matters’ expertise in maximising property value through ‘Renovate to Sell’ renovations but also highlights their ability to manage and execute complex projects under challenging conditions. Whether it’s a bathroom renovation, landscaping, or a full property renovation, Renovation Matters in Canberra is ready to elevate your home to its highest potential.
Are you looking to maximise your home’s value in the Canberra market? Contact Renovation Matters to see how our renovation expertise can work for you.
