Home renovations add an incredible amount of appeal to your home and can potentially increase your home’s value.

If you’re looking to sell your home one day, it’s a good idea to continually improve and modernize your space. In highly sought-after cities like Sydney and Melbourne, successful styling and simple home improvements can really drive up the price when bidding.

“Close to 8.4 million (or 62%) of Australia’s 13.6 million homeowners did some kind of renovations in the last 12 months. ¹

Paint those walls

It may sound obvious (and not very exciting), but a bit of colour can do a lot for a room. A newly painted home feels fresh and inspiring – a feeling you definitely want to evoke when selling your home. Try working with a colour scheme for each living space and if you’re really feeling brave, an accent wall can add a lot of personality to a room. If colour isn’t your thing, white tends to stand the test of time regardless of colour trends.

Renovate the kitchen

A newly renovated kitchen can really give someone that ‘wow’ factor when seeing a house for the first time. Plus, a new kitchen is pretty darn nice to have. Completing a complete kitchen renovation can be an ordeal when it comes to working with plumbing and electrical, but it’s always worth the cost – especially if you have any potential safety concerns. A recent trend that we’ve noticed is simply changing countertops or cupboards versus the entire kitchen.

Freshen up your flooring

If you think about it, the floors in your home take up the most physical space and have a big impact on a room. A good rule of thumb here is to avoid linoleum and invest in more authentic and robust flooring solutions, such as wood or high quality carpet in a neutral colour. It’s also important to consider your moldings and trim before you invest in a new floor.

Prioritise the bathroom

The bathroom is an easy room to overlook since it can be cumbersome and costly to renovate. As a seller, you want to show it as clean and modern as possible, so make sure to give it some love. We suggest starting with new fixtures and fixings, but researching designer look-a-like options that are a fraction of the price. This might take some time, but could save you a lot of money down the track.

Don’t forget the outside

You might not realise it, but the exterior of your house is the very first impression someone has of your home. Think about how a visitor might view it when they walk up. Is the lawn or front walkway neat and tidy? Are the windows clean? Is the paint fresh or could it use another coat?

Finally, our last tip is to try and increase the number of rooms in your home, if you can. It can be tricky, but if you live in a three-room residence and have the means to convert it into four without breaking the bank, it is almost always worth the investment.

If you’re in the market for some home renovations, get in touch with us today.

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Source:

1.http://www.roymorgan.com/findings/7102-renovation-nation-home-improvement-in-australia-201701090848

Disclaimer: This article contains general information only, and is not general advice or personal advice. Wisr Finance Pty Ltd does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.