Renovating to maximise your property’s sale price is common, but as of December 2025, Melbourne sellers often encounter unexpected expenses beyond the core build. These can significantly impact your budget and projected return on investment.
Currently in Melbourne, particularly within the Eastern Suburbs, seemingly minor adjustments can trigger substantial costs. For example, updating electricals to meet current safety standards during a kitchen renovation is frequently required, adding $1,000 – $3,000. Similarly, asbestos removal, common in pre-1990s homes in areas like Balwyn and Ringwood, can range from $300 to $1000+ per square metre. Permitting for structural changes, even internal ones, through local councils like the City of Manningham or Maroondah, adds both time and expense. In 2026, buyers strongly favour properties with compliant and modernised features, meaning overlooking these details can impact buyer perception. Furthermore, landscaping, often underestimated, can add $2,000 – $5,000 for professional work. Fletchers’ experience shows that a thorough building inspection *before* commencing renovations is crucial to identify potential hidden issues. We also observe that over-capitalising on renovations – spending beyond the neighbourhood average – doesn’t always translate to a proportional increase in sale price.
Understanding these potential hidden costs is vital when planning renovations to prepare your Melbourne property for sale, ensuring a realistic budget and a smoother selling process.