Your house only becomes a home when you place your own stamp on it. Adding your own features allows you to create an environment that you are comfortable in; this is essential to allow you to escape from the stress of the modern world.
But, if you are one of the 65.5% of Australians who own their own home then you are going to want to retain its value while improving it for yourself.
It can be difficult to get the balance right; some renovations can actually decrease the value of your home!
Here are 5 renovations that you will get your money back on:
If you choose a building envelope to encompass your home then you have the opportunity to transform the look of your home.
You can clad your home in metal, uPVC, wood or a host of other materials. It will make your home look like new. But, more importantly it will need minimal maintenance and provide additional insulation for the property.
This will help it to stay warm in winter and cool in the summer.
Because of these things it will add value as well as curb appeal to your home.
This is one renovation that is often overlooked and yet essential. A good level of insulation will help to decrease your energy bills. This will make your home more attractive to buyers and make it easier to sell.
In effect you’ll more than get your money back on this type of renovation. It is something that everyone wants but is not easy to do without disrupting your internal decorations.
3. The Garage Door
This surprisingly low cost renovation can help to finish the look of the outside of your home. It draws the eye and makes the house both more appealing and secure.
It has also been reported that a well maintained exterior suggest the interior has also been looked after. This inspires confidence in buyers; which helps to keep your price high.
You shouldn’t need to pay more than $1,500 for a good quality garage door.
4. The Kitchen
This is the heart of most homes and a tastefully completed renovation will always see the value of your home increase.
The key here is to keep the décor colors neutral. This will allow a buyer to create their own mark and persuade them to pay for the kitchen you have installed.
If you opt for your own ecliptic designs you may find any buyer simply looks at it as a project; you won’t get your money back.
5. An extension
Check with your local real estate agent to see how much the average value per square feet a home is in your area.
It is usually possible to add a small extension or refurbish a basement for less than it will add to the value of your home.
Again, if you’re thinking of selling the color scheme should be fairly neutral to attract the buyers.