Why Project Homes Are Sparking Big Interest

For many first-time buyers, entering the property market feels out of reach, but in Geelong and beyond, fixer-uppers in need of TLC are attracting strong interest.

For those priced out of turnkey homes, fixer-uppers are a practical alternative. While not as polished as new builds, these properties typically offer a lower entry price, allowing first-time buyers to enter the market sooner.

A major draw of a home that needs work is the chance to make it your own. Buyers aren’t just getting four walls; they’re getting the opportunity to create a space that reflects their style and lifestyle. From altering floor plans to refreshing interiors, a project home can become truly unique and rewarding.

Investing time and resources into a rundown property can pay off. Adding value through renovations, whether cosmetic or extensive, often yields strong returns if the seller decides to move on later. It’s also a way to secure property in a desirable area that may otherwise be financially out of reach.

While renovating can be exciting, buyers should be realistic about the costs and timeframes involved. Renovations may bring surprises, such as hidden issues, rising budgets, or permit delays. It’s vital to arrange a building inspection, plan a budget with a buffer, understand local permit requirements in Victoria, and prioritise improvements that boost value, such as kitchens, bathrooms, and street appeal.

Ready to find your ideal project home? Contact our team today for personalised expert guidance and start making your property dreams a reality.