Many Australians are overcapitalising when it comes to renovating property.

The popularity of  renovation type TV shows is no doubt fuelling this frenzy and it is tempting for people to believe, that when property values are rising, expensive unnecessary renovations can add to the momentum.

Here are some tips from RealRenta to avoid overcapitalising on renovations for your Investment Property:

• Identify the reason for the renovation- Is it cosmetic or structural?
• Try and steer clear of structural renovations if possible as they cost more
• Paint all walls and ceiling the same colour
• Use dark coloured carpets-they last longer
• Renovate for the market that you are trying to attract
• Research the area your property is in and see what features other properties in the area have

Want to know more about getting your rental income paid directly to you and not a Property Manager ?

Use RealRenta for Free for up to 2 months to manage your investments and never pay a Property Manager again.

Visit www.realrenta.com.au