Real Estate Investment:Today

6 tricks to make your renovation look expensive

Whether your property is new or not, making sure it’s in top condition when you put it up for sale or for rent is crucial.

Some places might need more than just a spit and polish, and that’s where you want your money to work smarter, not harder.

Ideally, you want a champagne renovation on a beer budget, so you can create a high-end look without spending a fortune along the way.

These 6 tricks will help you make the most out of your renovation dollars without overcapitalising and eating into your profits.

1. Revitalise outdoor surfaces to look like new

Let’s start with curb appeal.

New tiles for the roof will cost a small fortune, but thorough cleaning with a pressure hose and a new coat of paint will make the roof look new at a fraction of the cost.

Driveways and pavers can be given the same treatment.

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Tips: Just remember to get the professionals in for these jobs – DIY roof work will take you far longer than it will the experts.

2. Substitute pricey materials with quality replicas

Creating a high-end look without the expense can be as simple as finding a substitute with the same look.

For example, in a mid-range rental property, you don’t need to pay top dollar for a new custom granite or marble kitchen benchtop, when you can choose a shell overlay that sits over the top of the existing bench.

The look can be just as impressive as the real thing and offers an affordable finish that delivers premium appeal.

The same goes for expensive tiling.

There are varieties of tile that mimic a high-end, pricey stone, like marble.

These new materials are becoming so close to the real thing that it’s hard to spot the difference.

Alternatively, apply a coat of quality tile paint to revive aged or dated tiles in bathrooms and kitchens.

Similarly, splashbacks are a simple way to update a kitchen.

Glass or mirror splashbacks are much cheaper alternatives to tile, granite or mosaic tile, and they look just as stunning.

3. Use wallet-friendly flooring

For flooring options, there are now myriad materials available to create a hardwood floor appearance.

Vinyl and laminate flooring have come a long way in terms of look, feel and durability.

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