28/08/2026
🏠 Tips to help avoid overcapitalising on your renovation or build 👇🏻
✅ Start with a BUDGET
Sounds obvious… but the real question is: how do you know what your budget should actually be? 🤔
Here’s a simple starting point:
Step 1 💵
Get a local real estate agent to give you an indication of your home’s current value.
Step 2 👌
Ask that same agent what they believe your property could potentially be worth after a full renovation — or even after updating specific areas you’re considering.
Step 3 📏
Work out the difference between the two figures.
Step 4 📐
Consider taking around 20% (or more) off that number and use the remaining amount as a working budget. This can help leave room for contingency, unexpected costs and a little breathing space.
Step 5 👆🏻
Be upfront with your builder about your budget from day one.
The earlier everyone understands the target, the easier it can be to design and make selections that align with it.
Because building or renovating isn’t just about creating a beautiful home ✨
It’s also about making smart decisions that support long-term value.
And in Perth’s market, careful planning can make a huge difference 🙌