VALUE ADDING RENOVATIONS FOR YOUR HOME
During the pandemic, renovating has become a popular pastime. However, most people aren’t renovating smartly. They make little improvements here and there, thinking it improves their home’s value.
Although, not all renovations are equal. To avoid throwing money down the drain, here are six guaranteed ways to increase the value of your home.
1. Give the bathroom a facelift
Updating the bathroom is one of the best ways to increase overall value. However, without a clear budget, costs can quickly get away from you. So, when choosing the look you want (i.e. sleek and modern, etc.) have a fixed price in mind.
Today’s buyers demand a modern, updated bathroom, equipped with stylish fittings and fixtures. When deciding what to include, we recommend having a clear plan. This way, you’ll stick to your budget and avoid over-capitalisation.
2. Expand your floor plan
An easy way to add value is increasing the liveability of your home. Perhaps you can open up the kitchen to create an open plan. Or maybe add an extra bedroom.
This simple change can potentially bump your home into a higher price bracket. Remember, though, that the value you add ultimately depends on where you live.
3. Introduce some colour
It may seem simple, but a fresh paint job can work wonders. Repainting is an easy DIY job you can do over a few days, or if you’re not sure, hire a professional. Whether you’re selling or would just like a change, a fresh coat will give your home an instant lift.
It’s also one of the most powerful renovation tools. If you choose complementary, modern shades, you’ll bring out your home’s most appealing qualities.
4. Street appeal
When selling your home, getting potential buyers through the door is your biggest challenge. There are many simple touches you can add to make the outside as appealing as the inside.
Repainting or replacing your front door, for instance, is very effective. Ensure your front garden is neat, with well-mowed lawns, tidy garden beds and even some fresh flowers. A well-presented front yard is a sign of a well-maintained home.
5. Add some window dressing
Paying attention to the little touches is just as important as major reno jobs. The right set of blinds is a low-cost way to soften the look of any living or bedroom. They will add light, offer privacy and ensure your potential buyers have a great night’s sleep.
Depending on your personal style, “off the shelf” blinds can be quite cheap, while custom made blinds are more expensive.
6. Be stylish
If you’re planning to sell, the key is appealing to as many buyers as possible. Stage your home so when buyers walk in, it looks as though the home is designed just for them.
If you’re feeling confident, you can declutter each room and style it yourself. However, we recommend hiring a professional home stylist. They will personally select furniture and accessories to reflect the beauty of your home.
Having your home professionally styled can add up to 10 per cent to your house’s total value.
Find out more about our renovations today!
For more handy advice on value-adding renovations, call or email Michael Duncan Constructions today.