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Top renos that add value & how to visualise them easier

September 2, 2019 1 Comment

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A recent study conducted by PerfectRoom revealed that when a real estate agent asked buyers to visualise the end result of cosmetic work, 82 percent could not picture what these changes would look like once renovated, creating buyer hesitation for properties requiring work. Designed to remove this, PerfectRoom provides a photo-realistic virtual renovation to show buyers what cosmetic improvements could look like, allowing you to sell the true potential in your home.

Laura Pollard, Head of Product, says: โ€œIn order to maximise the value of your home and help it sell faster, you should consider performing certain repairs and refurbishments to get it looking its very best. While it is clear that renovations can have a positive impact on your sale price, with the average Australian renovation costing a minimum of $40,000, you want to make sure you that you are performing renovations that will actually pay off and be worth your while.โ€

Here, she shares six ways to maximise the value of your home:

Paint the front door
Pollard says โ€œBuyers make a decision quickly and considering it can take only eight seconds to make a positive first impression, curb appeal should not be underestimated as it sets the tone before the buyer has even walked in the front door.

โ€œA trend at the moment to add extra character and colour to your home is painting the front door a bold colour such as coral, tangerine, aqua or teal. While adding too much personality is never recommended, a single pop of colour on the door seems to be well received by buyers. Additionally, consider planting extra greenery or even flowering plants for a pop of colour,โ€ added Pollard.

Open up closed spaces
โ€œModern living translates directly to open plan, where the kitchen, dining and living space all integrate beautifully. Weโ€™re finding open plan living to be extremely desirable for buyers and while most new homes have adopted this style, older style homes often have closed off rooms and opening them up can make a big difference,โ€ says Pollard.

โ€œConsider which walls could be removed to provide true, open plan living for buyers but be sure to engage a structural engineer before pulling out the sledgehammer to make sure the wall isnโ€™t holding up the roof. If you find out that the wall is structural there are ways to still remove it and provides the opportunity to add a statement beam. If the look doesnโ€™t suit your home, itโ€™s also easy to Gyproc and plaster around it for a clean finish,โ€ suggests Pollard.

PerfectRoom showing how the space could look open plan, after renovations

Upgrade your benchtops and cabinetry
โ€œItโ€™s often said that kitchens and bathrooms sell houses, and I couldnโ€™t agree more. A major reason for this is that other areas in the home can easily be redecorated whereas the kitchen and bathroom is much harder to modernise and upgrade,โ€ says Pollard.

โ€œIf youโ€™re looking around and can see dated benchtops and cabinetry or tired looking tiles, it might be worth considering an upgrade. This doesnโ€™t mean you need to rip out the entire space and start from scratch, upgrading the benchtop, painting the cabinets, spraying the tiles a neutral white or updating the hardware (handles, taps, showerheads and towel rails) can make a big difference,โ€ she added.

PerfectRoom image showing how the same kitchen could look post reno

Spruce up the backyard
Pollard says โ€œBackyards have increasingly become a focal point for home buyers, many of whom are upsizing from apartment living to enjoy the outdoor space that a house provides. If you have the time and budget, think about having the area planned out professionally so that there is a harmonious mix of entertaining and relaxing space.

โ€œHigh end upgrades include an outdoor kitchen, mature plants and using quality materials. Low maintenance gardens are also more in demand so consider where decking or pavers could reduce the amount of mowing required,โ€ says Pollard.

Declutter and remove all personal possessions
โ€œOne of the biggest rules of presenting an attractive home is to declutter it, remove all personal photographs and elaborate ornamental displays. You can tackle this yourself with some online inspiration or you can bring in a professional. Booking a one-off appointment with a design consultant to advise on what to keep and what to store can provide the guidance needed,โ€ says Pollard.

Alternatively, Pollard says that you can hire a home styling company to bring in furniture and decorative pieces for a complete design overhaul.

Increase your square footage
Adding to the square metres of any home, as long as itโ€™s highly functional, should add a substantial amount of value to your home. Pollard encourages you to consider whether you can convert the roof space into a guest bedroom, office or extra storage space for example. โ€œEven if there isnโ€™t space for a fixed staircase, often a pull-down ladder is an option and there are many companies who specialise in creating this space,โ€ she added.

Bonus tip: Walk through with a real estate agent
Much like styling, inviting a local real estate agent into your home can help to define exactly what will and wonโ€™t add enough value to make it worth doing. Pollard suggests โ€œwalking through the property with the agent and asking them exactly what they would recommend. They see things through the eyes of a buyer and can make recommendations around finishes, how to add privacy, walls to remove, areas to upgrade and more. You can ask them exactly how much value it could add as they will have comparable properties to use as a reference.โ€

–If you donโ€™t have the time or budget to make the required changes, PerfectRoom provides a photo-realistic virtual renovation to show buyers what these improvements could look like ($299 per room). This allows you to sell the true potential in your home and includes everything from removing walls, renovating the kitchen, landscaping the backyard, extending your home and even overhauling the faรงade to provide curb appeal.ย 

Get more inspo in our dedicated renovation section

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One half of popular parenting podcast @wedonthavet One half of popular parenting podcast @wedonthavetimeforthis, turns out former Neighbours actor @gemma_peanut is even more multi-talented than we thought! Will you check out the joyful and colourful reno of her holiday home (and airbnb) @yo_caba_caba?!

Head over to the blog via link in bio to read all about why she went bold and full of pattern in this project, which is a stark contrast to her zen and neutral Northern Beaches abode.

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"Iโ€™m not an interior designer so I just chose what I liked and followed my gut. Ultimately this home has been an opportunity to explore my alter ego โ€“ it allowed me to do things that I wouldnโ€™t normally do.โ€

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Not many friends in life fall into the unofficial Not many friends in life fall into the unofficial family category and they're a special gift. So ends three weeks with @danisteve81 who left her husband and son in the UK (I'm forever grateful they lent her to me!) to come and cheer me up and help me in the most practical ways after I spent Christmas and New Year in hospital. There were tears and I miss her so much already but how amazing to have had all that time together as adults. Such a rare treat and would never have happened without having been through something so challenging. Silver linings and all that. So many other friends have also been incredibly thoughtful and kind. There aren't many times I'd say this without cringing but I am 100% blessed!

I still cannot believe we have been friends since we were 12! 12! Are you still close with your childhood besties?
The renovation of this 80s beach shack @camillo_ho The renovation of this 80s beach shack @camillo_house is a work of art and while almost every surface was updated, the decision to keep the original slate floor was genius if you ask us. 

Owner @clarehillier__ says: "With its purple, pink, red and brown tones, the slate was the starting point for our interior palette."

Come and check out the before and afters via link in bio now and read the reno story. It's a real beauty.

And you can book it for your next holiday too!

Blair Smith Architecture @kateshanasy

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About Jen Bishop

Jen Bishop is our owner and publisher and an experienced journalist and editor. Interiors Addict has been her full-time job for more than 8 years. She is married to Damian and mum to Sebastian and Charlie.

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Comments

  1. AvatarThomas Clark says

    September 4, 2019 at 4:11 pm

    This post gives us very detailed info on what homeowners need to do to boost the resale value of their homes and also what extra works or rather expenditures can be avoided for the same.

    Reply

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