Determining whether DIY renovation impacts property value involves understanding current buyer preferences and market expectations. As of December 2025, Melbourne’s property market favours well-presented homes, but not all renovations deliver a return on investment.
In the Melbourne Eastern Suburbs, where Fletchers has operated since 1919, we observe that buyers currently prioritise move-in ready properties. While a well-executed, professional renovation can demonstrably increase value – particularly kitchen and bathroom updates – DIY projects are assessed differently. Buyers often factor in the cost of rectifying imperfect workmanship or updating finishes to their own taste. Currently in Melbourne, cosmetic improvements like painting (typically $400-$800 per room) and landscaping generally offer a good return. Larger DIY structural changes may not, and can sometimes detract from value if not completed to a high standard. During the typical 4-6 week sales campaign, presentation is key; professional styling ($2,000-$8,000) often delivers a greater impact than unfinished DIY projects. Fletchers’ experience shows that focusing on decluttering and depersonalising can be as effective as renovation, especially given the moderate 3-6% growth forecast for 2026.
Ultimately, the effect of DIY renovation on property value is nuanced and depends on the quality of work, buyer perception, and prevailing market conditions.