5 Renovation Tips With A Focus On Boosting The Value Of Your Property

Having knowledge of which renovations will give the highest return on your money is most important. Evaluate the costs versus its value and decide if your renovation is a worthy investment so then when it comes time to sell, you can demand a higher price.

Ultimately, you’ll want to make the best improvements to potentially raise the value of your home. If you’ve mapped out a budget, it can be slightly daunting on where to go from there, so next you should know which home renovations will instantly boost the value of your home and bring the best yield.

We’ve put together a few tips and things to consider when deciding which projects are actually worth taking on and which renovations will offer the biggest impact on a home’s value.

1.     Bathroom Remodel

Along with your kitchen, remodelling your bathroom is a major selling point for any home. These together are the most popular home improvement projects that not only make a positive difference on the resale value of your home but it attracts more buyers. A full bathroom remodel would consist of changing the flooring, the vanity, shower, toilet and tub. Replacing these outdated items in your bathroom will give you a modernised look and buyers will pay top dollar for a home that doesn’t need any work.

Making energy efficient updates is important for your home’s resale value. Find something that will efficiently create moisture resistance and help prevent mould issues. A high quality waterproofing system below your tiles is a must if you want your renovation to last.

2.     Redo Your Kitchen

After the bathroom, a kitchen renovation, as it’s the hub of the home and functionality will be a top priority. There is no need to go wild as minor kitchen renovation projects recoup more of the cost than a major ones and it may turn out to be more cost effective in the long run.

Minor work can consist of:

• Repainting
• Changing cupboard doors and handles
• Installing new work surfaces
• Plumbing fixtures

Trending kitchen features:

• Wine refrigerators
• Drawer-style microwaves
• Dishwashers
• Commercial-style rangers
• Hidden outlets

If the kitchen renovation is done right, it will be sure to add value to your home. It’s a multipurpose room which is a gathering space for family meals and dinner parties, serves as a workstation for kids and adults and needs to accommodate the cook. Set the mood by upgrading your kitchen lighting that could have different tones of light or a dimmer where you can set the lighting to fit the mood. Whatever you decide, it’s easy to come up with a custom solution to suit your family’s needs.


3.     Enhance Outdoor Space

Entertaining outdoors is unbeatable and can bring a lot of enjoyment. With so many ways to upgrade your backyard, porch or patio it’s important to know for sure if it does really add value to your home.

Fences

Adding a new fence will add more privacy for your home and keep the kids safe including your pets. It can have a positive impact on the value of your home and enhance your curb appeal.

Swimming Pool
Although swimming pools are great for the summer weather and hosting parties, you most likely won’t see much return on your investment once you factor in the costs to maintain it. You can install a pool if you plan on enjoying it in the years to come however it’s not a project worth taking on if you’re primarily looking to add value to your home.

Deck
Decking can be very affordable but depending on what you choose for material and size — it can fall on the more expensive side, but it does pay off.

4.     Insulation

Heating, ventilation and air conditioning (HVAC) are important components for your home and are some of the most critical items to maintain. Attic insulation is one of the best home improvements and will lead to cost savings and often times recoup its entire cost in added value to your home.

Insulation makes your home more comfortable and liveable and has become compulsory in all rental homes. With less heat escaping, there will be less need for heaters or a heat pump which effectively means fewer costs in power bills.

5.     Create an Addition

Adding an addition to your home such as a whole new room is a game changer. It’s one of the biggest upgrades you can do to a property but whether you should do it will depend on the cost of the addition and the value of your home. Select the perfect materials and details to add character and enhance the value of your home, adding space to a house will always add value. Size is very important.

Sometimes it makes sense to reconfigure the existing floor space rather than building an extension. Its best to consult a renovation specialist for advice on which way to go. Decks qualify as an extension of floor space as well as adding an outdoor living area.

Like most things in life, renovations take some serious planning to get it right. If you’re thinking of renovating to add value before selling, give it some thought on ways you can increase the sale price at a reasonable cost.

With our tips and advice you’ll be in a great position to give your home the makeover you’ve been dreaming of.