Planning a renovation before selling involves assessing potential return on investment and understanding current buyer preferences. As of December 2025, Melbourne’s property market favours well-presented homes, but not necessarily fully renovated ones – it’s about striking the right balance.
In the Melbourne Eastern Suburbs, where Fletchers has operated since 1919, we’re currently seeing buyers prioritise properties with renovation potential, particularly families seeking value in areas like Balwyn, Doncaster, and Ringwood. A full-scale renovation isn’t always necessary, and can sometimes overcapitalise the property. Instead, focus on updates that maximise appeal – think fresh paint (budget around $400-$800 per room), updating kitchens and bathrooms to a neutral standard, and enhancing natural light. Currently in Melbourne, styling typically costs between $2,000 and $8,000, and professional photography around $500-$1,500, both of which can significantly impact first impressions. A comprehensive agent appraisal, like those offered by Fletchers, will help determine which renovations will yield the best results in your specific location. The typical sales campaign in 2026 runs for 4-6 weeks, so timing renovations to completion before marketing is crucial. We often advise clients to consider the potential uplift versus the cost, factoring in agent commission (typically 1.5-2.5%) and marketing expenses ($3,000-$8,000).
Ultimately, strategic renovations, guided by local market expertise, can enhance your property’s appeal and potentially increase its sale price in the competitive Melbourne market.