There’s no shortage of renovation projects underway across Australia.
The cost of renovating a building, especially when the cost of a new house is $1 million or more, is prohibitive.
But a $1m renovation is only half the story.
Rent is a major issue, and one that many new home buyers and renovators are keen to tackle.
But what if you want to preserve your home while still being able to afford to pay the price?
What can you renovate and keep?
Here’s what you need to know about the renovation options available to you in the lead-up to the upcoming property boom: Rental apartments There are a number of rental apartment buildings in Sydney that have opened in the last few years, and many of these are on the market for the first time in years.
Many of the properties are designed to suit people of a certain age group, and the price of each unit is also very reasonable.
However, it’s important to remember that these are all apartments, and there is a definite increase in rental demand during the holidays.
It’s important that you choose a property with a good fit, and it’s also worth noting that some of the units in the rental market are a bit dated, especially for the time of year.
To find out more about what you can do to keep your rental apartment, and whether or not you need a mortgage, click here.
Commercial and industrial property The commercial and industrial market in Sydney is booming, and this is particularly the case in the outer suburbs.
As a result, the number of commercial and commercial-style properties is on the rise.
This is because many of the older commercial and residential buildings are nearing the end of their useful life.
You can choose to renovate your existing building to be able to keep up with the new development, or you can choose a new building and build your own office, retail or residential space.
This will require a little more work, but if you’re comfortable with the work you can afford to do, it could pay off in the long run.
To find more information about what’s available in the market and what to do if you need help, click on the links below: For residential properties: Commercial properties: Commercial property management website: Residential properties: Residential property management: