Renovating your home can be a stressful and strenuous undertaking at the best of times. When you’re renovating with the sole purpose of increasing the value of your home, there are certain factors that you should take into account before putting hammer to nail.
If you plan on renovating before selling your house, then consider making smaller but visually impactful changes to the property. Cosmetic updates such as a fresh coat of paint on walls and doors, upgrading light fixtures or redoing the flooring can add significant value to the property without breaking the bank.
A bathroom or kitchen that feels outdated can be very off-putting to prospective buyers. Kitchen and bathroom renovations can transform a house from an average property to the perfect family home for prospective buyers.
The kitchen is a place of gathering, where families can congregate and spend a lot of their time together. This is what makes them so integral to the living space. When renovating your kitchen consider installing a new oven, cooktop, kitchen bench or a butler’s pantry as a great way to up the value and liveability to your home.
Savvy buyers are also paying more attention to the orientation of a kitchen and how well it flows into living areas. Extending your kitchen into an open living space may be a larger project (and certainly a more time consuming task), but it will also add greater value to your home.
Another way to increase the value of your property without completing a full scale renovation is to update the bathroom. Having sleek modern bathrooms with newly installed showers, baths, benchtop, tiles and basins will improve the overall feel of the house, and can make an impact on its eventual resale price.
Small details can make a big impact, including new floor tiles or even installing a new or larger mirror to make a space appear larger.
–Greville Pabst is the Executive Chairman of WBP Property Group and will be once again appearing on the new series of The Block.