Top Ways to Invest in Your Property
Are you looking to add value to your home? Or maybe you’re just curious about what renovations will give you the best return on investment. In either case, this content is for you. We’ll be discussing some of the most popular ways to add value to your home in Australia, whether you’re interested in full kitchen renovations or minor upgrades to the bathroom. If you’re thinking of selling shortly or not, read on for some valuable information.
Convert Your Garage – In truth, buyers love extra living space. If you have a garage that’s not being used for its intended purpose, consider converting it into a livable space. This could be an extra bedroom, a home office, a playroom for the kids, or anything else that would make your home more functional.
According to studies, converting a garage can add as much as 15% to the value of your home. If you don’t have a garage, consider building a granny flat or converting another existing space, such as a spare room or basement.
Convert the Cellar – While on the topic of converting extra spaces, don’t forget about the basement. If you have an unfinished basement, consider turning it into a livable space. Once again, this could be a home office, a playroom, or anything else that would give buyers more options. The more rooms you have available, the easier buyers will find it to live in the property. According to estimations, this one can add up to 30% to the property’s value.
Add Kerb Appeal – What is the first thing that potential buyers see when they drive up to your home? If it’s an overgrown lawn, peeling paint, or cracked sidewalk, then you’re not doing yourself any favours. First impressions matter, and you want potential buyers to see your home in the best light possible. This means making sure the exterior is well-maintained. Pressure wash the siding, paint the trim, and make sure the landscaping is tidy.
Update the Bathroom – If your budget is small, you don’t need to convert a whole room. Instead, focus on making smaller updates that will still have a big impact. For example, replacing old fixtures or adding a fresh coat of paint can go a long way in updating a bathroom. Additionally, add a larger mirror to make the room appear larger and brighter.
Open Up the Floor Plan – One of the most popular trends in home design is open floor plans. By knocking down a few walls, you can create a more spacious and modern feel in your home. Not to mention, it will be much easier to entertain guests.
Kitchen Renovations Add Value
Above all these options, renovating your kitchen is always a sound investment. After all, the kitchen is often considered the heart of the home. By updating your cabinets, countertops, and appliances, you can add serious value to your property. Plus, you’ll get to enjoy a brand-new kitchen in the meantime.
If you have a larger budget, you could also consider a complete kitchen remodel. This usually involves moving around walls and plumbing to create a more open and functional layout. Kitchen remodels can be costly, but they have the potential to add tens of thousands of dollars to your home’s value.
So long as you partner with a reliable company and experienced tradespeople, a kitchen renovation is a great way to add value to your home. Just be sure to do your research and create a realistic budget before getting started.