Deciding whether to renovate before selling involves weighing potential costs against possible increases to your property’s sale price. As of December 2025, Melbourne’s property market favours well-presented homes, but not necessarily fully renovated ones.
Currently in Melbourne, particularly within the Eastern Suburbs where Fletchers has a long history, buyers often seek properties offering renovation potential. Many purchasers, especially families in areas like Balwyn and Doncaster, prefer to tailor updates to their specific tastes. A full-scale renovation doesn’t always guarantee a higher return, and can even over-capitalise the property. However, strategic cosmetic updates – such as painting (typically $400-$800 per room), professional styling ($2,000-$8,000), and high-quality photography ($500-$1,500) – are almost always worthwhile. These improvements enhance presentation and appeal to a wider range of buyers. In 2026, we anticipate buyers will continue to prioritise light-filled spaces and properties with good bones. A comprehensive property appraisal from Fletchers will help determine which, if any, updates are likely to maximise your property’s value. Our agents consider recent sales data and buyer preferences in your specific suburb to provide informed insights.
Ultimately, the decision to renovate is a personal one, but understanding current market dynamics and buyer expectations is crucial for achieving the best possible outcome.