Which Renovations Give You the Most Bang for Your Buck?
Wednesday July 4, 2012
Homeowners and buyers each tend to look at homes differently. A remodeling project that is left incomplete can hurt your home’s resale value and cost you money in the final selling price. The good news is depending on your budget there are a few home renovations that can help you increase that resale value.
Before You Begin Your Project
The best thing to do before beginning any project is to consider the budget you have available for your renovations. Setting a budget will help narrow down which renovations will be possible.
Small Budgets (Free to around $2000)
● Fresh Coat of Paint
It’s amazing how a fresh coat of paint can add a completely different look to any room. Paint can take your space from dreary to fabulous in no time at all. For a couple hundred dollars, you can change the colour and feel of any room in your house. Painting your walls is considered to be one of the easiest and most affordable options for any home renovation projects.
● Declutter and Organise
Clutter can make a room seem smaller than it really is. By removing clutter and reorganising, you can make your rooms look larger.
● Upgrading Your Fixtures
Upgrading your fixtures can have a drastic impact on how a room looks and feels. By replacing a few plumbing or lighting fixtures you can give any room in your home a more modern look.
Middle Budgets ($2000 to around $10,000)
● Energy-Efficient Updates
Making your home more energy efficient can impact the resale value of your home. You can make small changes, such as switching to more energy-efficient lighting and using sustainable materials in your renovation project. In addition, investing in energy-efficient appliances, such as Energy Star, can make a significant difference as well.
● Hardwood Flooring
Hardwood flooring adds beauty and style to a room. It can, however, become a high-budget project, depending on the size of the room. Laminate hardwood flooring is an inexpensive alternative that looks great and helps to cut costs where you need it most.
● Adding Storage Options
Storage is important to potential buyers. Adding storage to your home can help to keep things organised and also intrigue a potential buyer. Examples of storage options can include pantries, garage shelving, bookcases and walk-in closets.
Large Budgets (Over $10,000)
● Bathroom Remodel
A bathroom remodel can be a bit pricier but will help to bring in more money when it comes time to sell your home. Potential buyers often look for master suites and large showers and tubs.
● Curb Appeal
First impressions of your home are extremely important. Curb appeal can as simple as some landscaping or more extensive, such as repainting the outside of your home.
● Kitchen Remodel
The majority of our time is spent in the kitchen, and this is one reason large, modern kitchens help to increase the resale value on your home. By renovating and including newer, more modern cabinets and appliances you can see your home’s value increase.
When it comes to your home, there are many different types of renovation projects that can significantly increase your home’s resale value. It’s all about setting a budget and figuring out which projects work best for you.
Guest post contributed by Sarah Paulsen for FactoryFast.co.au – An Australian owned and operated online Shopping Mall that supplies almost every product you can think of. Visit Australia's ultimate shopping website.
Commenting is closed for this article.