Whether you’re planning on selling up soon or in the distant future, completing some home renovations is never a bad idea in terms of increasing your property’s value. There are many ways in which you can revamp your home, some more successful than others. For example, many people falsely believe that putting a swimming pool in will add untold value. In reality, whilst it may add value on paper, the upkeep and lack of necessity of a pool can be highly off-putting for buyers. Likewise, renovations on very personal spaces like bedrooms are often wasted, as the likelihood is that buyers will want to put their own mark on these spaces. Doing up areas which are purely practical, such as the garage or utilities room, can likewise be a false economy, as small things like this will not hook in buyers. If you are looking to make smart investments in your home renovation, here are 5 of the most effective ways to increase your home’s value.
- Extension
Building an extension is hands-down the best way to increase your home’s value. By maximising your property’s square meterage, it immediately increases its price, while at the same time making your home more attractive to prospective buyers. If you are going for an extension, you might as well do it sooner rather than later so that you can take advantage of it yourself, too. Whether you opt for adding a small room or extension onto your ground floor or a whole new floor to your home, there are some great companies who can provide home renovation ideas in Sydney to establish the most effective and profitable use of your space.
- Garden
Many buyers seek a green space with their property, so if your home has a garden or even a small yard, it pays to make the most of it. Repaving or adding turf to your lawn can give an instant lift, while greenery can range from manicured flower beds to easy-to-maintain potted plants. By showing buyers that your home comes with an attractive and usable outdoor space, you can increase both value and appeal.
- Façade
The exterior of your home is the first thing buyers will see, and flaking paint or cracked brickwork tends to leave a lasting bad impression. By doing the necessary work to touch up your home’s façade, you can ensure that buyers are hooked from the word go.
- Go Eco
These days, the environment is becoming an ever more pertinent issue, and this has not passed young home buyers by. By investing in eco-friendly home fittings, like solar panels and eco-flush toilets, you can increase your home’s appeal and saleability. Buyers not only wish to do their part for the planet, they also recognise that green measures like these serve to save them a lot of money on bills over the years, which is why these are such attractive features that are worth investing in.
- Revamp Bathroom
Bathrooms are another area which have shown their worth when it comes to valuing your home. Having new, sleek and modern facilities can really grab the attention of buyers.
By making smart investments when it comes to renovating your home, you can not only increase your quality of life but also amplify your return on investment.