Should I renovate before selling or sell as-is and let the buyer renovate?

The answer depends on the extent of the work required, the likely increase in value and your timeframe. Cosmetic improvements such as painting, floor restoration and presentation are often worthwhile because the cost is relatively modest compared with the potential uplift. Larger renovations require more careful analysis. In many premium locations, unrenovated terraces still attract strong interest from buyers seeking renovation opportunities.

Does building without council approval affect my property's value?

Yes. Unapproved works can complicate the sales process and may deter some buyers, particularly those requiring finance. Obtaining retrospective approval where possible, or ensuring appropriate disclosure during the sales campaign, is generally advisable.

Are there heritage restrictions on renovating inner-Sydney terraces?

Yes. Heritage conservation controls apply across many inner-Sydney suburbs, including Surry Hills, Darlinghurst, Paddington and Woollahra. Restrictions typically relate to street-facing alterations, roof changes and the removal of heritage fabric. Internal renovations are generally more flexible, while rear additions may be possible subject to planning approval. Professional heritage advice should be sought before undertaking significant works.

7 Things That Add the Most Value to an Inner-Sydney Terrace — Ranked by Return on Investment

What adds the most value to an inner-Sydney terrace? Space Property Agency ranks the top 7 improvements by return on investment — from restoring original…