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For those of you looking to increase your capital gain from property, you may have considered renovating. This is a great way to add value to your property, whether you are preparing to sell and want to make the property more attractive to potential purchasers or you’d like to increase your rental return from an existing property. If you would like to give up your day-job and give flipping a go, this is a high-risk strategy and there are many traps that can result in your venture becoming unprofitable. See Peter ‘the Property Professor’ Koulizos’ tips on Today Tonight for renovating to ensure you get out more than what you put in.