What renovations will help add value to my home?

Australians love to renovate their home, whether they are living in it or renting it out. The age old question still stands, what renovations will help add the most value to my home?

1. A fresh coat of paint.

Now this may sound simple, but a fresh coat of paint on all of the walls in the house can really help your home appear more modern. We don’t just mean the inside walls, the fence that hasn’t been painted in years and is starting to look a little tired could definitely do with a fresh coat. First impressions are everything and you want the buyer to see your home as well looked after. You can choose to have professionals do it, or you can also ask your friends to help you out if you want to maximise your budget.

2. A well-landscaped yard.

You also want your property to look alive, both literally and figuratively. That is why it’s also important that you make sure that your yard’s well-landscaped when prospective buyers or tenants come to see it–so no dead plants or dry patches of grass. It may also be a good idea to add lighting to your yard for the benefit of those who are going to check out your place after dark. While they may not be able to appreciate the greens, you can make up for it with how you light it.

3. An upgraded kitchen.

Going into the interior, one of the biggest draws in a property is the kitchen, so we recommend renovating that as well. You don’t have to spend a lot, simply upgrading the cupboards doors can add a modern feel to your kitchen.

4. A renovated bathroom.

Much like the kitchen, simply upgrading the fixtures can be a cost-effective way of adding value to your property. If you have additional budget, you may also want to add a bit more space too it if it’s quite cramped.

When renovating, always keep in mind to ensure the upgrades aren’t just to your personal taste, but will also appeal to a wide audience as to not deter any buyers from purchasing your home. If you are looking for some spare cash for those renovation jobs, speak to us about using the equity in your home to borrow or find you a lower interest rate to free up some cash and see your renovation dreams come to life.