The Best Way To Add Property Value - And The Mistake To Avoid

Renovating to add value is the dream, but overcapitalising is the nightmare that can turn your dream reno into a costly mistake. So how do you tell the difference before you've spent a single dollar?This week's Ask the Experts letter comes from a homeowner who badly needs more space and is weighing up an extension to their house.Vanessa Williams from realestate.co.nz joins Frances to pull back the curtain on what actually pays off from a reno.In this episode we’re talking:How to choose between lifestyle and money factors when you renovate your homeWhy bedrooms and bathrooms are the big winner on value, but have a hidden downsideThe areas where people waste money on renovations, without realising itIf you have a letter you’d like us to answer, please send it through to [email protected] and you might feature on our next episode!Follow me everywhere!Facebook / https://www.facebook.com/FrancesCookNZInstagram / https://www.instagram.com/francescooknzTikTok / https://www.tiktok.com/@francescooknzJoin the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribeBecome a confident sharemarket investor by signing up to the Market Memo newsletter https://www.francescook.co.nz/invest#MakingCents #FrancesCook #MakingCentsPodcast #InvestingPodcast #MoneyPodcast #FinancialFreedomProduction and video editing by Lana ByrneAudio engineering by Tash ChittockFilmed by Fanaticals