{"id":6578,"date":"2017-10-11T03:00:34","date_gmt":"2017-10-11T03:00:34","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/love-it-or-list-it-expand-or-sell-this-dated-family-home\/"},"modified":"2017-10-11T03:00:34","modified_gmt":"2017-10-11T03:00:34","slug":"love-it-or-list-it-expand-or-sell-this-dated-family-home","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/love-it-or-list-it-expand-or-sell-this-dated-family-home\/","title":{"rendered":"Love It Or List It: Expand or sell this dated family home?"},"content":{"rendered":"

<\/p>\n

\n

Many older homes are transformed by a decent renovation, but not all.\u00a0 How do you know which ones are worth doing up?<\/strong><\/p>\n

Neale Whitaker and Andrew Winter, hosts of\u00a0Love It Or List It Australia<\/em>, take a look at a family home with an outdated layout in South Australia to see if it should be sold or renovated\u00a0\u2013 again.<\/p>\n

Does it suit modern family life?<\/h2>\n

Based in Glen Osmond, SA this three-bedroom house dates back to the \u201870s and has already benefited from a nicely done renovation. But the family is now finding their home a bit of squeeze.<\/p>\n

\u201cI\u2019ve got to admit they\u2019ve done a good job of renovating it,\u201d says Winter.<\/p>\n

\u201cBut looking at the floor plan, it\u2019s not big on space.\u201d<\/p>\n

\u201cI love it,\u201d says Whitaker.<\/p>\n

\u201cThis is my favourite type of house, I love this era. The main problem with the existing floor-plan is there\u2019s a family room and<\/em> a sitting room \u2013 they don\u2019t need both.\u201d<\/p>\n

\u00a0<\/p>\n

Here\u2019s a look at the new season of\u00a0Love It Or List It Australia:<\/em><\/strong><\/p>\n

As well as the lack of flowing space, another bugbear for Winter is the property\u2019s small, separate kitchen.<\/p>\n

Whitaker however merely sees it as needing a \u2018cosmetic makeover\u2019 and can see the potential for a complete reshuffle of the existing kitchen, dining room and family room.<\/p>\n

\u201cSimply reworking the footprint of the house will completely transform it,\u201d says Whitaker.<\/p>\n

\u201cI\u2019d move the dining room nearer the kitchen and turn it into one open-plan kitchen\/dining area. This would then give the option of creating a much larger sitting room.\u201d<\/p>\n

Renovating vs selling: the likely returns<\/h2>\n

The median three-bedroom house price<\/a> in Glen Osmond is currently $766,000. The owners bought the three-bedroom property for $670,000 in 2014.<\/p>\n

\"\"<\/p>\n

The owners could make a tidy profit by selling. Picture: realestate.com.au<\/p>\n<\/div>\n

According to Winter\u2019s calculations, if the owners list this home for sale<\/a> now and achieve a price just over that suburb median they could make $96,000.<\/p>\n

\u201cThe market has grown in this area so the owners could make a nice profit if they sell now,\u201d says Winter.<\/p>\n

\u201cAnd they could afford to upsize, meaning they\u2019ll get the extra space they need.\u201d<\/p>\n

\"\"<\/p>\n

Renovating, primarily to expand the main living areas, could make a huge difference in terms of space. Picture: realestate.com.au<\/p>\n<\/div>\n

On the flip side, if the owners opt for another renovation, Whitaker estimates a budget of $60,000 would be enough to open up the property\u2019s main living area.<\/p>\n

This will add to the home\u2019s overall appeal and value in the long run.<\/p>\n

Watch\u00a0Love It or List It Australia\u00a0now exclusively on Foxtel\u2019s Lifestyle.<\/em><\/strong><\/p>\n

For more Love it or List It Australia videos and expert advice go to\u00a0lifestyle.com.au.<\/em><\/strong><\/p>\n

\u00a0<\/p>\n

\n <\/p><\/div>\n

Realestate au <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Many older homes are transformed by a decent renovation, but not all.\u00a0 How do you know … Love It Or List It: Expand or sell this dated family home?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6579,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[62,12908,543,562,127,617,1366,3703,3670,1007,41,818,15309],"class_list":["post-6578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-for-sale","tag-home","tag-home-buying-guide","tag-home-for-sale","tag-homes","tag-house","tag-love-it-or-list-it","tag-love-it-or-list-it-aus","tag-love-it-or-list-it-australia","tag-owners","tag-property","tag-real","tag-ups"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/LIOLI_SA_listv2_a-1024x768.jpg?fit=1024%2C768&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":6429,"url":"https:\/\/amazingproperty.com.ng\/blog\/love-it-or-list-it-modernise-or-sell-this-queenslander\/","url_meta":{"origin":6578,"position":0},"title":"Love It Or List It: Modernise or sell this Queenslander?","author":"Amazing Property","date":"September 27, 2017","format":false,"excerpt":"Watch Love It or List It Australia now exclusively on Foxtel\u2019s Lifestyle to see what Jess and Chris did with this home. In the latest episode of Love It Or List It Australia, Jess and Chris have a common property dilemma \u2013 update their Coorparoo heritage home or sell it?\u00a0\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Coorparoo_hosts_a-1024×768.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/Coorparoo_hosts_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/Coorparoo_hosts_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/Coorparoo_hosts_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/Coorparoo_hosts_a-1024x768.jpg?fit=1024%2C768&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6379,"url":"https:\/\/amazingproperty.com.ng\/blog\/love-it-or-list-it-upgrade-or-sell-the-ugly-duckling\/","url_meta":{"origin":6578,"position":1},"title":"Love It Or List It: Upgrade or sell the ugly duckling?","author":"Amazing Property","date":"September 26, 2017","format":false,"excerpt":"Many a home has been described as a renovator\u2019s delight, but is it a good idea to renovate an ugly duckling? 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Nick is a country boy from Victoria and really struggles in the Brisbane heat \u2013 he likes their partially renovated\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Morningside Living Before A.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Morningside_Living_Before_a.jpg?fit=800%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Morningside_Living_Before_a.jpg?fit=800%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Morningside_Living_Before_a.jpg?fit=800%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Morningside_Living_Before_a.jpg?fit=800%2C600&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6314,"url":"https:\/\/amazingproperty.com.ng\/blog\/new-renovation-calculator-helps-buyers-estimate-costs\/","url_meta":{"origin":6578,"position":3},"title":"New renovation calculator helps buyers estimate costs","author":"Amazing Property","date":"September 21, 2017","format":false,"excerpt":"Maybe it\u2019s our obsession with the never-ending home renovation shows, but Aussies are officially reno-OBSESSED. 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