Services
27 November, 2024
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Thinking of selling your home, or maybe just looking to increase its overall value? Renovating is a fantastic way to give your property a fresh look, but not all improvements are created equal. How do you make sure your renovations will pay off? Here, we’ll break down the best ways to increase home value through renovations that are worth every dollar.
When it comes to home renovations, some upgrades are all about personal style, while others directly increase home value and attract potential buyers. Focusing on value-adding renovations not only makes your home a better place to live but also boosts its market appeal. If you’re thinking about selling soon, these renovations could make all the difference.
The kitchen is the heart of the home, and modernising it can significantly increase your home’s value. A fresh, functional kitchen appeals to buyers and instantly makes your home more desirable.
Interesting Fact: Studies show that a kitchen renovation can offer up to an 80% return on investment.
Updating the bathroom is one of the simplest ways to increase home value without breaking the bank. Small, smart changes can transform a tired bathroom into a luxurious, spa-like retreat.
An inviting outdoor area adds significant value and makes your home more appealing, especially in Australia, where outdoor living is a big part of our lifestyle. Creating an outdoor retreat gives potential buyers a bonus living space to relax and entertain.
Tip: Choose durable materials like treated wood or composite decking that can withstand Australia’s weather.
With increasing awareness of environmental issues, energy-efficient homes are in demand. Buyers are looking for sustainable features that reduce energy bills, so upgrading for energy efficiency is a powerful way to increase home value.
Interesting Fact: Adding solar panels can increase home value by up to 4.1%, according to real estate studies.
Improving curb appeal is one of the most affordable ways to increase home value and attract buyers. After all, the exterior is the first thing people see, and a well-maintained facade sets a positive tone for the rest of the property.
Fun Fact: Even minor curb appeal updates can increase a property’s value by up to 5–10%.
The rise of remote work has made home offices a must-have. Adding a functional workspace will increase home value and attract buyers who work from home.
Tip: If you’re working with limited space, a closet can often be converted into a compact home office.
If you’re looking for a way to truly maximise the value of your home, consider adding more square footage or opening up your layout. Larger living spaces and open-plan layouts are popular and can make your home feel more spacious and inviting.
Renovating is a brilliant way to increase home value and create spaces that truly fit your lifestyle.
Whether it’s adding an outdoor living area, upgrading your kitchen, or enhancing energy efficiency, the right renovations can make a significant impact on both your home’s worth and your day-to-day enjoyment.
Ready to start boosting your home’s value? JOAT is here to discuss renovation ideas and get professional guidance on transforming your property. Let’s make your renovation dreams a reality.