If You re Thinking About Renovating Your Investment Property But Wondering Whether You Should Wait Until It s Time To Sell The Answer Is Simple

If you're thinking about renovating your investment property but wondering whether you should wait until it's time to sell, the answer is simple.
Australia's renovation queen, Cherie Barber, who has more than 27 years experience in the field, said you should always choose to renovate now.
'If you're a property investor with a rental property, you're in it for one thing and that is a financial return,' she explained on her blog . 
Here, FEMAIL looks at how she transformed one property in order to net a $20,000 profit. 
Australia's so-called 'renovation queen' Cherie Barber (pictured), who has more than 27 years experience in the field, said you should always choose to renovate now
‹ Slide me › 'If you're a property investor with a rental property, you're in it for one thing and that is a financial return,' she explained on her blog Renovating for Profit
According to Cherie, there are two ways to maximise your return.
'Hold your property for long term capital growth, and make sure you get the highest rent with minimal change of tenants as possible.'
To demonstrate how it works Cherie helped newlyweds and aspiring renovators, Richard and Linda, transform their two bedroom apartment in Sydney's inner-west. 
'By renovating your investment property now, you'll manufacture equity by increasing the value of your property,' she explained.
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‹ Slide me › To demonstrate how it works Cherie helped newlyweds and aspiring renovators, Richard and Linda, transform their two bedroom apartment in Sydney's inner-west
'By renovating your investment property now, you'll manufacture equity by increasing the value of your property,' she explained
‹ Slide me › In five days they spent $19,376 on the refurbishment which has increased the value of the property by $40,000
'That makes you more palatable to banks and lenders should you want to refinance or borrow again for your next property.

Renovating also makes sure that you can ask top dollar in terms of rent. 
'Great looking, freshly renovated rental properties are rare, so tenants will be willing to pay more to snap yours up, and perfect-basements they'll stay longer, minimising rental losses you would otherwise experience in between tenants.'
In five days they spent $19,376 on the refurbishment which has increased the value of the property by $40,000.
‹ Slide me › 'A fresh white colour scheme in Taubmans "Cotton Ball", with bold feature walls in Taubmans "Private Jet" give this 60s apartment a modern update,' she said
<div class="art-ins mol-factbox femail" data-version="2" id="mol-f4c5fde0-d01f-11e8-a352-6dc5862312b2" website you can transform an apartment for a $20,000 profit