There is a rule of thumb when renovating that you should aim to add three dollars back for every dollar you spend.
So, before you embark on your renovation journey, ask yourself: why you want to renovate? Are you looking to improve the aesthetics of your home or its liveability?
If you're looking to improve the aesthetics of your home to get it ready for sale, you may be wondering what are some of the easiest or most cost effective improvements you can make to really add value to your place.
Well, there are a couple of things you can focus on if you really want to add value to your home, including:
Upgrading your carpet, tiles or floor boards will instantly refresh your home. If you're considering upgrading from carpet to hardwood floors, you may want to look at laminate options. The square metre cost of laminate is significantly cheaper than hardwood floors and much easier to maintain long term. You may also want to get your carpets cleaned or floorboards polished for a more affordable update.
Gone are the days of partitioned living and dining areas. Modern living is about bright open spaces the family can gather in. Taking out walls is no small task, but a light-filled contemporary living area can add considerable value to your home. And, if down the track, you wish to segment the larger space, you can easily achieve this with furniture or indoor plants.
Australia has long been the home of brick houses. While this may still be a popular finish for many new builds, the aesthetic has evolved over time. Gone are the days of reddish or blond brick houses. Today's developers are opting for richer colourways and unique, patterned brickwork. Award-winning architects are now turning to traditionally commercial exteriors, using timber cladding, zinc panels and corrugated cladding. These materials create an instant wow-factor and transform your property into a contemporary grand design.
Upgrade doors and windows
Ask any architect, one of the most important features in a space is light. The amount of light flowing through a space can dramatically impact the ambience and potentially its size. You may want to consider installing new doors or windows to increase the amount of light. New advances in technology mean you can pay to have your windows tinted, which could save you thousands on your energy bill. The same concept applies to doors.
It's no secret that a beautiful garden makes for a more desirable property. Keep in mind however, that what appeals to you may be a cumbersome chore to others if you decide to sell your home. A high-maintenance garden presents a timely and costly venture for prospective buyers who lack a green-thumb. If you decide to landscape your garden, make sure it's simple and easy to maintain. Consider planting local flora that don't need excessive attention and thrive in the Australian sun.
Painting and lights
A new lick of paint in a light colour will open up any room. You might also want to change the lighting inside and outside your home. Try adding a few garden lights around your property and connect the new lighting to smart device which you can manage via an app.
Don't attempt any structural upgrades yourself. If you're an inexperienced renovator, stay away from DIY jobs as they may have costly consequences.
If you would like any more renovation tips, make sure you give your local mortgage broker a call today. We can chat you through all things renovation and help you plan for small, medium or large changes to your property.