7 Property Renovations That Add Value To Your Home
June 27, 2023
So you want to renovate and create the home of your dreams whilst also adding value to your property? Read on to find out which property renovations give you the most bang for your buck.
1. Kitchen Renovations
One of the most important rooms in your house when it comes to increasing resale value, a modern, functional kitchen with all the mod-cons is an attractive selling point for homebuyers. What’s more, with good design advice it will likely pay for itself.
If you’re upgrading your home with house value in mind, avoid making overly-personal decisions and keep things clean and functional. Always keep your eye on the budget and remember, if it’s about return on investment, you need to prioritise upgrades that deliver just that. At Renovation Builders, we are highly experienced and able to advise on the most effective kitchen renovations to increase property value.
2. Bathroom makeovers
According to Real Simple, a bathroom upgrade such as updated countertops and new fixtures can provide returns of anywhere between 57 to 64 percent. Classic, functional design decisions that have broad appeal are best and will attract people with both traditional and contemporary tastes. If you are looking to increase your property’s resale value, we caution clients against anything too trendy or polarising.
A bathroom renovation should ideally create an atmosphere of calm and cleanliness. Homes with multiple bathrooms and added ensuites are always in demand, and are a win-win when it comes to your own convenience as well as resale value.
3. Landscaping and curb appeal
Making an impact with beautiful curb appeal will create a positive first impression with potential home buyers and provide a good return on investment. According to a study by the Real Estate Institute of New Zealand, curb appeal can add up to 10% to the value of your property.
Great landscaping also increases your property’s value, with a well-designed landscape making your home more inviting and helping to increase privacy. Renovation Builders has a range of preferred designers we work with who can advise on the best strategy to increase your home’s street appeal.
4. Adding outdoor living space
According to figures from the Real Estate Institute of New Zealand, properties with outdoor living spaces are sold for an average of $10,000 more than properties without.
Decks and patios are a popular and desirable feature that can add significant value to a property. Choose a location that is sunny and private, make sure it’s well-sized and functional, use high quality materials and finishes, and add landscaping features to make the space more inviting.
5. Energy efficiency upgrades
Founder of Renovation Builders Zane Raphael is an expert in energy efficiency home upgrades. In fact, his own home was given a 10 Homestar Award by the New Zealand Green Building Council. Homestar is a comprehensive, independent rating tool that measures the health, warmth and efficiency of New Zealand homes. A 10 Homestar rating means you’ve built a world leading house in terms of energy efficiency.
By making energy efficiency upgrades to your home, you can reduce energy bills, improve your comfort and increase the value of your home.
6. Creating extra space and storage
Buyers are always looking for homes that are spacious and well organised and having extra space and storage can make your home stand out from the competition. Renovation Builders always keeps this in mind when advising on property renovations.
Extra space is especially important for families or for people who work from home. There are many creative ways to create extra space and storage. Our designers can help you get creative and think outside of the box.
7. Interior design
Renovation Builders property renovations will add value to your home with beautiful, functional interior design. Research shows that a well designed home can sell for up to 10% more than a home with poor interior design.
Good interior design makes your home more functional, liveable and desirable, creating a space that is both comfortable, beautiful and practical. Our team of preferred designers are on hand to assist and advise you every step of the way.
- See how Zane and the Renovation Builders team can help you plan a stunning home renovation that adds the most value to your home. Book a call.
- Or why not check out some of our amazing renovation projects in progress at our Renovation Builders’ Facebook page and like our page for regular updates.
- Keeping yourself in the property renovation loop ensures any investment you make in your home really pays off.