Reon Paterson, General Manager of Smith & Sons, based in Takapuna, Auckland, talks to Kim Ace from One Roof about the costs of renovating in New Zealand.
So how much should you spend? That will depend on, of course, your budget, how big the project is, and whether you want to pay for professionals or do most of the work yourself. If resale value is a key consideration, homeowners will probably want to focus on a few specific options.
Paterson says due diligence is everything when it comes to securing a property with future profit potential. If a property has good bones there are plenty of improvements that can be made to take it to the next level of the market.