A good home renovation can tick many boxes. It can create more space, improve liveability and update a tired and worn out design. A great home renovation, however, will do all this while also adding value to your property.
Major renovation projects, like kitchen or bathroom renovations, will cost a lot of money. And, if not carefully planned, these projects may not add much value to your home. That means you could end up losing out when it comes to sale time.
A carefully thought out and planned renovation project, on the other hand, could provide a good return on investment if you decide to sell your property.
We have some expert tips for what to focus on when it comes to getting the most bang for your renovation buck.
In the kitchen
Effective kitchen design can yield just as dramatic an increase in value as replacing appliances and fittings for top-of-the-line models. It’s all about knowing what’s popular.
Kitchens aren’t the space they once were and modern kitchen design reflects this. The most appealing kitchens in today’s homes are open plan. Over time, dining, living and kitchen spaces have merged together to become a warm and friendly environment, perfect for social gatherings and spending time with loved ones.
When renovating your kitchen, focus on the space rather than what’s in it. Make sure there’s plenty of room to cook, dine and entertain.
As a final touch, freshen up other parts of the kitchen, like replacing kitchen cabinets, upgrading drawer handles and other fittings and installing new splashbacks. Choose classic and timeless colours, like white, that open up the space.
Rather than spending big bucks on top of the line appliances, a well laid out kitchen plan with stylish design touches will keep the renovation budget under control, while offering maximum appeal to potential buyers. Read our blog on Kitchen Renovation Cost
In the bathroom
A great bathroom can be a real selling point for a house. Again, you don’t have to go all out with a bathroom renovation. You just need to be clever with your design and take full advantage of the space you have.
Remember that it’s the visible touches that home buyers are interested in. While top-of-the-line waterproofing is vital for the life of your bathroom, it won’t do much to improve the value of your home.
Aesthetic updates like stylish tiling and tap fittings can help to enhance your bathroom appeal. A luxurious shower setting is also a great way to add that wow factor to your bathroom. And a rainfall shower head is a great way to achieve this.
You should also consider practicality when it comes to a bathroom renovation. Try to incorporate ample storage space, bench space and a double sink if possible.
Your home’s facade and front yard are the first things any home buyer will see. So, ensuring that you make a good first impression is essential. Investing in some landscaping for your front yard not only makes the property look well looked after, but also helps to beautifully frame the house itself.
Aim for a style of landscaping that highlights the best features of the property. You should also aim for conservative landscaping. An over the top, high-maintenance garden will put off a lot of home buyers.
You should also ensure that every aspect of your home’s facade – from the roof down to the foot paths – is in pristine condition.
A fresh coat of paint can make a world of difference to the outside of your house. Choose a neutral tone or colour combination that complements the surrounding houses and landscape. Don’t forget to paint any fencing visible from the street.
Renovations aren’t about the money you spend, but the value you add. With some strategic forethought, you can add significant value to your property without going over budget. OpenAgent.com.au has some other great renovation tips if you want to learn more.