Renovating your home can be both a lot of work and a major expense, so it’s important to make sure that any renovation projects you are considering add value to your property - whether financially or in terms of liveability. Sometimes a good spring clean, lick of paint and a few plants to add curb appeal is all that is needed to attract buyers. It’s important to make sure you don’t spend more than you can recuperate when it comes to renovation projects. Below is a list of renovation projects that can add value to your home when it comes to reselling.


A Fresh Coat of Paint:


Painting can transform the feeling and mood of your home.  A new lick of paint adds both aesthetic and functional advantages to your property. When it comes to functionality you have to remember your house is at the constant mercy of the elements, from sweltering heat in summer to icy winds and rain in winter, so make sure you choose a quality brand of paints. You can also think of paint as a protective layer for your home which can help prevent mould and mildew damage. The colour of the paint chosen can affect performance – darker colours absorb more heat whereas lighter colours reflect heat and energy. This can affect the durability of the paint. A fresh coat of paint can also give your house a bit of curb appeal and when it comes to renovation bang for your buck, painting the interior and/or exterior of your home is one of the most affordable options when it comes to adding value to your home. 


Kitchen revamp:

Replacing or updating a tired and dated kitchen can make a house far more liveable and add value and appeal to your home. A nice, contemporary and functional kitchen design can help your home stand out to prospective buyers which in turn can help you to sell quicker and at a higher price. Kitchens and bathrooms are usually the places to spend money when it comes to attracting buyers, however with the advent of flatpack kitchens, what used to be an extremely expensive undertaking can now be done far more cost effectively.


Bathroom

From a beautiful bath and opulent mirrors to simple things like a cute soap dish or quality towels; bathrooms have huge impact on the overall value of your home. However bathroom renovations can be costly, so it is essential that you set yourself a clear budget from the outset. Also ask yourself – is the bathroom your problem area? If your home is let down by your bathroom, then it may be worth renovating. If not, maybe a few tweaks here and there are all that’s needed.  There are a number of affordable and smaller scale improvements that can really lift your bathroom:

  1. New bathroom accessories - consider updating shower screens, towel racks, lighting, tiles and vanity.
  2. Fix existing issues such as mould, water damage, peeling paint, cracked tiles. These easy fixes will also help with your property inspections.  
  3. Storage - with our ever-growing collections of cosmetics, pharmaceutical and grooming products, bathroom storage is super important. Installing a vanity with quality storage, drawers and separators will definitely tick a box for prospective buyers. 
  4. Lighting - we all enjoy a good stare of ourselves in the bathroom mirror so having adequate lighting is key! Switching out the harsh fluoro lights for something warmer or installing some spotlight downlights will definitely not go unnoticed by prospective buyers.


If you are needing to refinance in order to renovate, speak to the friendly team at ActonLendingSolutions. They offer a free, no obligation initial consult and are a great source of advice and support.

call to action2