One of the first places you should think about when trying to add value to your home is renovating the Kitchen. Kitchens are a great starting point, as a modern kitchen makes a big impression with potential buyers. Although kitchen renovations can be quite costly, especially when starting from scratch they are often worth the cost.
Completely re-configuring the layout of the kitchen, installing new cabinetry, kitchen benches and appliances is often the best way to achieve a stunning make over. Alternatively, you can simply give your kitchen a minor makeover. Swap outdated fittings and appliances for more contemporary ones and give the kitchen a new look by repainting cabinetry, installing new drawer handles and ensuring all changes fit under your chosen colour schemes and materials.
Be sure to keep the bathrooms in mind when trying to increase the homes overall value. They can often be updated at a not so hefty price tag, when all fixings (toilet, sink, shower) are kept in the same spot, and are simply replaced with more modern ones. If you aren’t re-tiling, be sure to give the bathroom tiles a very in-depth clean, making them look flawless and brand new again.
Be sure to research the suburb you’re renovating in and look at sold properties in that suburb to see what features add the most value. For example, some suburbs where houses have a pool won’t increase the value tremendously, however a pool in an inner-city family orientated suburb will significantly increase the value of the home – It’s all about the buyer demographics in the suburb.
Seek a real estate agents help, get the opinions and advice from an industry expert that knows the real estate suburb better than anyone else. Some agents are happy to give advice for free, especially if you plan on selling the home through them. Please note that some real estate agents simply don’t have the time to partake in these conversations, so you may have to shop around.