Why Renovation Can Be a Smart Move for First Home Buyers
Veronica and Meighan discuss why buying a property with "good bones" but dated interiors can be a savvy strategy. Renovating allows you to add value and tailor the property to your lifestyle, but it requires clear planning and budgeting. They break down the difference between cosmetic fixes and structural changes, and why understanding these distinctions is crucial for first home buyers. You'll learn how to assess a property's potential without getting caught up in surface-level appeal.

Estimating Renovation Costs: Avoiding Budget Blowouts
One of the biggest challenges first home buyers face is estimating renovation costs accurately. Meighan shares her own renovation journey, detailing the unexpected costs, decision-making challenges, and timing issues that can arise. The episode explains why getting quotes early, allowing a buffer for variations, and understanding the difference between cost-per-square-metre estimates for kitchens, bathrooms, and living areas are key to avoiding financial surprises.

The Role of Architects, Builders, and Local Councils
Not all renovation dreams are possible. Veronica and Meighan stress the importance of consulting an architect or builder familiar with local council regulations before committing to a property. They share cautionary tales of buyers who skipped this step, only to discover they couldn't get approval for planned extensions due to zoning or heritage restrictions. You'll learn how to check what's achievable and why a quick consultation with an expert can save thousands.

Comparing Renovated vs. Unrenovated Properties
How do you price an unrenovated property compared to similar homes that have already been modernised? The hosts explain how to use recent sales data and consider factors like land quality, location, natural light, and property flow—not just the level of renovation. You'll also hear how market conditions (like a hot vs. slow market) impact the price gap between renovated and unrenovated homes.

Older First Home Buyers and Investment Strategy
The episode also speaks to older first home buyers or those starting later in life. Meighan and Veronica highlight why focusing on quality (A-grade properties) over quantity is crucial for long-term wealth creation. They caution against splitting funds across multiple lower-grade properties just to build a "portfolio" and instead advocate for buying one high-quality asset with strong growth potential.

Finding the Right Location and Property Type
Where and what to buy are two of the biggest questions for first home buyers. The hosts explain why these decisions require self-reflection rather than crowdsourcing advice from social media or friends. They recommend following a structured "where to buy" process that balances your needs, budget, and market realities, helping you make informed, personal decisions rather than relying on other people's biased opinions.

Building Your Support Crew for Renovation Success
Before you even start your property search, it's critical to assemble the right team. Veronica and Meighan outline who you need on your side, including mortgage brokers, conveyancers, building inspectors, and (if your budget allows) a buyer's agent. They explain the role each expert plays in the process and why early preparation can save you time, money, and stress when you find the right home.

Practical Advice for First Home Buyers Planning to Renovate
From understanding variation costs to recognising when you need to move out during renovations, this episode provides an honest look at what to expect during the process. You'll discover why flexibility, good planning, and realistic budgeting are key to making your renovation journey smoother and less stressful..

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