A big mistake people make is to renovate to their own taste and not the market. But it all depends on whether you plan to sell the property or rent it out.
It appears the Sydney property boom could have an affect on the rental market, which isn't good news for those renting in Sydney.
Sign up to Money Newsletter
Welcome to Money!
You'll now receive new articles and insights that will help you earn more, save more and make the most of your investments.
You can expect to hear from us every week.
In the meantime, stay up to date by following Money on social media.
Important
To ensure you receive emails from us, we recommend that you add our email address (@moneymag.com.au) to your contacts or safe senders list.
If you don't receive our newsletters, please check your "Junk" folders. Your email provider should give you an option to add the email to your safe list.