Renovating a property in Sydney can be rewarding, but it's essential to avoid overcapitalisation by ensuring the renovation costs don't exceed the added value. Whether you're renovating to sell, rent, or improve your home, focus on understanding the local market, targeting high-impact areas like kitchens and bathrooms, and setting a realistic budget. Prioritise durable, timeless choices and plan for long-term value. By balancing financial with emotional appeal, you can avoid overspending.