Looking at some top tips on renovations to increase the value of your property for resale purposes? Cowan Building takes a look at the important aspects of renovations for resale.
It could be as easy as a lick of paint, or a full-blown kitchen reno. Depending on your budget and being realistic about how much money the renovation will bring you come sale time is important.
Understanding your possible new buyers’ needs are also a big tick in doing the right renos for the right market. Concentration on the aspects that will suit your market and bring in more value for your home.
Understanding Your Buyer
Take a look at the location of where you live? Is it a family abode or more of a double-income no-kids type of location? Understanding your possible buyer will allow you to understand what is important when taking into account the resale renovation.
If your home is central to schools, kindergartens and public transport has a good-sized fenced backyard and is bigger than two bedrooms, it is screaming “family-friendly”. For these types of renovations, you really need to look at what is important to the average family.
Family Friendly Bathrooms – these include having a bath for the little ones and a decent shower for the older ones. If you are short on space, consider the over-bath shower. There are many updated models of these that even having moving glass rather than shower curtains. Other things to consider – underfloor heating for little feet, night lights and low lighting options, heated towel rails, and steam-free mirrors – so mum can still pop on a face when the kids are steaming it up.
Family Friendly Kitchens – make the most of the space you have. If you are considering a full renovation and not just a few adjustments really consider utilizing all the space. Island benches are great to allow home-work areas and quick bite stations while allowing mum or dad to cook and catch-up on all the daily schoolyard banter. Consider adding USB ports and plenty of plugs, on island benches for quick charging of phones and other electronics. Keep it light and bright and beautiful. Easy to clean, soft closing draws and plenty of storage options.
Keep it neural for these types of renovations. Think neutral colours and light tones and stay clear of any ultra-modern fixtures and fittings. This may appeal to many families, but some may not. For all renovations for resale, it’s best to stay on the traditional, smart, chic yet classic so it’s not easily dated.
If you have a smaller home, right in the middle of town, walking distance from all the hip new restaurants or bars. Then you are certainly going for the market of “double income no kids”. For these types of renovations, you can really allow your modern flair to pop. However, it’s best not to go over the top, find one theme that works and stick with it throughout the entire home.
Entertaining areas – when considering updating the important aspects, consider the places that couples like to entertain. This is certainly the kitchen area, and outside. Consider updating kitchens and also look at revamping that old decking, or perhaps a complete overall with new outdoor furniture, a few screens, new decking or tiles, and even a pizza oven and firepit? With kitchens go for the minimalist look with concealed drawer handles, and fresh uncluttered benchtops. With smaller areas clutter can make them look ultra-pokey, so keep it clutter-free with plenty of clever storage solutions. Also, go for light bright colours that will open up the space. If you do want an element of dark, consider a feature wall. Allowing the outside to easily open to the inside entertaining areas will also add a huge amount of resale value.
With all renovations things like street appeal are vital. If your home does not look inviting from the outside no matter what lovely surprises are contained behind the front door, you simply just won’t get the traction your home deserves. So, get in that garden, add a few more features, a lick of paint and even a new front door.
Looking for some solid advice on your resale renovation while keeping to a budget? Give Cowan Building a call today for a quote!