Fixer-uppers could be diamonds in the rough.

This is why first-time homeowners are drawn to purchasing old, dilapidated properties for cheap in the hopes of being able to increase their market value.

However, contrary to popular belief, not all renovations are worth the time, money, and effort you're going to spend.

In today's episode, we're answering the age-old question: should you renovate or not?

We also discuss what to consider when buying a renovated home, the importance of engaging a project manager, various building codes, and more!

If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you'd like to chat, email us at [email protected]!

Episode Highlights:
1. Identifying potential-rich properties [03:26]
2. Adding more than just monetary value to a home [09:53]
3. Why every renovation should have a project manager [14:50]
4. Paying attention to building codes [21:19]
5. What to look out for when buying a renovated home [25:42]
6. The additional cost of renting while renovating [30:44]
7. Making the choice between renovating and buying a renovated property [32:35]
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

We are here to guide you through your home buying journey

How ready are you to buy your first home?