Could your house use a fresh lick of paint? Renovating your home can not only make it more comfortable for you to live in, but also help you maximise your return when you eventually sell. Here’s our comprehensive guide to getting the most value out of renovations from our award winning brokers in Australia.
When it comes to selling a house, first impressions are key. You’re not just selling a building, but a home for a new family to make memories in. You want them to fall in love with your house as soon as they pull up to the curb.
Fortunately, your front facade is usually affordable to renovate. Just by sprucing up your garden, touching up the paint job, and keeping everything clean and tidy, you can create a charming and welcoming view from the street.
The kitchen is often seen as the heart of the home. It’s not only where people spend plenty of time, but also a space that needs to be functional. For these reasons, a good kitchen can boost your home’s value.
If your kitchen is looking worse for wear but has good bones, you can simply repaint the cabinets, replace the benchtop, and add a fresh backsplash along with some new fittings and appliances. If your kitchen is not functional or attractive, it could be time for a complete do-over.
A made-to-order custom kitchen will give you the freedom to design the exact space that you want, but it is also the most expensive option. If you’re hoping to save money you can buy and install a modular kitchen yourself.
Another room that can dramatically impact your house’s value is the bathroom. Due to tiling, this can be an expensive renovation, but if you have a particularly outdated bathroom a complete redo could be worth it. You can also simply respray the tiles and switch out the fittings for a quick and affordable makeover.
Another way to boost your home’s value is to add an entirely new bathroom. This is especially true if you currently only have one.
If your floors are covered with old carpet or laminate from another era, it could be time for an upgrade. While solid wood floors are particularly popular in Australia, there are many budget-friendly options such as modern vinyl and laminate that can look just as good. They are also extremely durable and easy to clean which will be a selling point for busy families.
Sometimes the best way to maximise your return is to add to your home rather than just upgrade it. Another bedroom will immediately increase your home’s value.
Don’t underestimate the difference a new paint job can make. A fresh, soft white will clean and brighten up your space for potential buyers. The best part is that you can easily paint yourself, making this one of the most affordable ways to increase your property’s value.
Need help to secure funds for your renovation? Contact our team of award winning brokers in Australia to discuss your options.
It’s important to regularly review your home loan to ensure it’s meeting your needs. Discover the benefits of a home loan health check and how to do it.
In the wake of three consecutive cash rate rises, many aspiring homeowners and current mortgage…
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1st Street’s premium service comes at no cost to you! 1st Street is paid by the lender when your loan settles, however, this will not affect your interest rate or loan fees! It is often more cost-effective for a mortgage broker to process a loan rather than the lenders processing it themselves in-house. In fact, we often find that we can save you money by negotiating on your behalf.
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