Falling real estate prices and mandated moratoriums on new construction are motivating many Queenslanders to invest in their current properties rather than purchase or build new homes. Yet the renovations in this flat market are coming at a steep price.

Although investing in a current property may seem like a good idea in a down market, homeowners who choose this route risk overcapitalising the property if they splurge on items and materials that make the house more valuable than the neighbourhood. This can create a new set of financial problems when the time to sell finally comes around. In some cases, sellers are increasing their asking price as much as 10 per cent above true value just to cover renovation costs, which means their homes are sitting on the listings longer.

Expensive renovations will not protect homeowners from the declining market either. However, with their portable granny flat and cabin options, Panelfab offers an affordable opportunity to add instant equity to properties. These spacious transportable homes also immediately increase the square footage of a residence.

Recent research released by the ratings company Canstar Blue reveals that nearly 73 per cent of Australians are embarking on their improvement projects without professional assistance. While most homeowners may find it relatively easy to apply a fresh coat of paint to the walls, large-scale renovations that require specific knowledge, such as updating electrical wiring, adding a room and moving plumbing lines, are best left to specialists. Inexperience can lead to a costly mistake down the road.

Panelfab can help homeowners avoid these dangerous disasters by installing temporary and semipermanent structures on their property. In addition to portable granny flats and cabins, Panelfab rent and sell teenage retreats and office transportables. Customers can choose from dozens of prefabricated designs or they can opt to customise the building to meet their individual needs.

Portable homes are constructed using the most advanced materials on the market and are equipped with kitchens, bathrooms, laundry rooms and bedrooms, as well as stainless steel appliances, plush carpeting and overhead cupboards. Best of all, Panelfab can deliver these units to any site, and they can easily relocate the units if needed.