When you renovate the home you are living in, you want to increase your quality of life. But you also want to keep an eye for your home’s value. It should go up at least as much as the cost of the renovation. You want to avoid poorly thought-out modifications that are unnecessary and costly. Some can even bring down the value of your home.
The renovations that you should be looking at maximise your quality of living and the value of your home.
Here are 4 types of home additions and renovations that increase the value of your home.
Exterior makeovers make a good impression
The facade of your home is the first thing buyers see, which is why improvements to it are among the biggest adds to the value of your home. A well-maintained property is likely to gain a person’s favour.
According to NSW manager of Archicentre, Angus Kell, an external makeover which includes decluttering, cleaning the roof, fixing fences and window frames, tidying the front garden and painting will improve the value of your home.
You’ll never get a second chance at a first impression, so any work done to create a positive impression will last.
Home renovations that increase the value of your home: Adding a bedroom
An extra bedroom can increase the value of your home significantly. Why? Because one more bedroom means you have more space to accommodate more people and add more privacy.
There is a huge price difference between a three and a four-bedroom house on the North Shore.
We all know Sydney is experiencing high population growth, which means more families need more room.
Adding a deck or a terrace means more options to relax and entertain
A well-designed deck or terrace addition can increase the value of your home significantly. Done right, your quality of living will increase substantially by integrating indoor and outdoor living.
If it unlocks a view, it will significantly increase the value of your home.
People want a deck or terrace in their homes where they can relax, host, entertain, feel the breeze and take in the sights.
It really is a perfect example of a well executed home renovation.
When you eventually sell, this feature is likely to give you a premium for your home’s market value.
Renovations that increase the value of your home: Adding a bathroom
In terraces on the lower north shore, there tends to be just an upstairs bathroom, while in other older home developments, the bathroom is generally downstairs. Both would benefit from a bathroom addition upstairs and a guest toilet downstairs.
If you can put a bathroom on the same level as the bedrooms it is worth its weight in gold and can increase the value of your home significantly.
Kitchens, bathrooms, and additional living spaces are what sell houses.
You have probably noticed that most of these renovations are about creating additional space in your home. Home extensions and first floor additions tend to have the biggest impact on the value of your home. And it makes sense, doesn’t it?
If you live on Sydney’s North Shore or in the northern suburbs, why not contact us? We will create a beautiful design within your budget and perform the extension work and renovations that increase the value of your home.