Structural renovations go further than paint, new carpets and tiles; it may include extensions, creating rooms and moving walls.

The two main things to consider when undertaking a structural renovation, are will it add value and will it be manageable?

To be successful you need to research and understand the needs and requirements of the market in your area.

There is no point spending money on things people don’t want, so find out how many bedrooms and bathrooms are desirable and so on.

Also, it is very important that the property you buy is compatible with modern construction methods.

Make sure you know all your expenses in advance and that you have all the necessary compliance documents in place.

Ensure that your roof and foundations are solid and will be able to withstand any renovations.

Granny flats are an excellent addition to your property as they can be rented out as a separate private home.

Ensure that the kitchen is up to the standard of the other properties in the area and your bathrooms should also have attractive finishes with high standards of functionality.

Plenty of natural light is also very desirable in a rental property, so large windows or sliding doors onto an outdoor entertaining area can make your investment property highly attractive.

Consider consulting a good local real estate agent before beginning a renovation, as they will know what the expectations are for properties in your area and what appeals the most to prospective tenants.

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