Home improvement projects should not only be functional for you, but they should also add value to your home. Local real estate agents can be a great place to start when researching popular features. More storage, outdoor spaces, flexible living spaces, and other value-adding features are currently what are trending in home renovation. Here’s a peek at some of the best home renovation tips for adding value to your home.
Improve Curb Appeal
‘Don’t judge a book by its cover’ does not apply in the real estate business. The exterior of your home is the first experience guests, and potential buyers have. You should pay close attention to the front door, exterior walls, landscaping, as well as the roof. A well-maintained exterior can paint a picture of confidence for internal maintenance.
If you have an older property, make sure you research its history before you begin any renovations. Find out what year the property was built and consult a professional on restoration ideas. They can help you design a home with curb appeal that is period-appropriate.
Adding more storage space to your home is easier than you might think. Unused nooks and crannies exist all over your home and could be utilized for storage space. Adding extra storage space is a great way to make buyers picture themselves in the house. The added value of having plenty of room to move in is one that results in extra dollars at signing.
Stay on Budget
One good rule of thumb is to only spend around 2% of your home’s value on each room. Spending too much on home renovations means you may find yourself upside down when it comes time to sell. Over-renovating a home is also a concern. Not many people want an industrial-sized kitchen in a small cottage home. Real estate experts can help you value your home to determine how much you should invest in your renovation project.
Adding new features to a home is a great way to increase its value. Australians love outdoor living spaces like a deck or patio. Outdoor lighting and a kitchen area for barbecuing can complete the space. Changing the way a space is configured can be a great indoor change. For example, multi-story homes might consider consulting a Sydney residential lifts business on a home lift installation. Home lifts add value by providing additional accessibility to a home. They are also great for future-proofing homes to create flexible living spaces across generations.
A granny flat is a great way to add additional living space to your home. Most are detached ‘nano homes’ that are modular and can be installed anywhere on the property. The design of these functional spaces doesn’t have to be limited to a guest house, either. Many Australians are turning granny flats into studios, home offices, a playroom, and even home gyms. One benefit of this project is that it doesn’t alter the existing structure of your home (unless you convert a space).