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 space near schools like those in Balwyn and Blackburn. A cosmetic refresh – painting (typically $400-$800 per room), new carpets, and decluttering – often yields a higher return than a full-scale kitchen or bathroom remodel. Styling, costing between $2,000-$8,000, is also highly effective. A professional property appraisal from Fletchers will help determine what improvements, if any, are likely to increase your property’s value, considering the median dwelling value of $823,495 as of December 2025. Campaign timelines in 2026 typically run 4-6 weeks, so factor this into your renovation schedule. Remember, buyers often have a specific vision, and over-capitalising on renovations may not recoup the full cost. We often advise clients to focus on areas that maximise light and space, key priorities for buyers.
Successfully planning a renovation for sale in Melbourne requires a strategic approach, balancing cost, time, and current market demands.