Many people and families like to carry out projects, such as adding extra fencing, extending their bedrooms or revamping their attic, to make their homes look and function better. While home renovation projects do make homes more appealing, they also can serve a second function. Many kinds of home renovation projects can increase the value of your property, making it easier to sell if the need arises.
Let There Be Light
An easy way to increase your property value through renovations is to create more natural lighting. On the market, this feature is important because aside from improving the home aesthetically, electric bills can also go down since it can save energy—this is what most home buyers look for.
One way to do this is to tear down walls or change the floor layout to accommodate more windows or ceiling windows. Even creating some outdoor seating areas, such as timber decking, can provide opportunities to enjoy the sunlight.
Eye of the Beholder
Probably the most obvious way to increase the market value of your home through renovation projects is to make it look more appealing. This will surely make everyone turn their heads, especially prospective buyers. Renovating your home is a good way to make it more inhabitable, but a better looking house sells much better than one that looks run-down or neglected.
There are a number of ways to accomplish this. Sometimes, all a house needs is a new coat of paint to make it look new again. Other efforts might include landscaping projects such as adding new flowers or hedges. Even a line of new timber fencing can make your house look like one of the best in your neighbourhood. The more thought and time you put into making your home look nicer to the outside observer, the higher its value will be, increasing the odds of it getting sold.
The Great Outdoor Decks
Increasing the beauty of the front part of the house ups the curb appeal of a home, but adding structures to the back porch area can also do wonders. One of the best ways to do this would be to add a deck to your back area. Generally considered a luxury, decks are great for outdoor sitting and entertaining. Be sure to use the right kinds of materials so that the deck lasts. If it can withstand the test of time and weather, a well-built timber decking will make your home stand out on the property market.
The Indoor Factor
With all of the outdoor areas of the home covered, it’s important to not forget that the inside of the home needs to look nice as well. Even if the outside is welcoming, if there is significantly less beauty inside, the value of the home remains at a low rate.
Fresh paint can go a long way to cover up damages accrued over the years due to bumps and scratches and make the house feel like new. Neutral colours are often the best as almost all can appreciate them without bias or strain. Floors should be cleaned before any inspections or tours and sometimes, changing the type of flooring can make a real difference. In fact, many home owners prefer hardwood flooring because it looks nicer, feels tougher and lasts longer than carpet and laminate and can prove a powerful factor in increasing the value of your home.
While it’s important for the entire inside of the house to look presentable, there are a few key rooms that stand out as being more valuable, if done correctly, than others. Generally speaking, the kitchen, bathroom and basement, if you have one, are rooms that stand out as having renovation potential. If these rooms are at their best, you have a greater chance of selling the house for a better price.
For these rooms, plenty of space to move around in and appropriate facilities, such as sinks and oven for the kitchen and shower and bathtub for the bathroom, are a must. As with any room, new paint and flooring are usually indispensable to put your home on top of the other properties on the market.
Additional tip: timber flooring is especially useful and popular for kitchens. Aside from easy installation, this type of flooring is also easier to clean and more durable.
If you are thinking about selling your home and want to increase its value, do-it-yourself renovations are sometimes the best way to go. When done correctly, they can make your house look brand new and impress both real estate agents and potential buyers.
To find out more about how the best timber suppliers in Brisbane can help with your home renovations, please call us on (07) 3888 1293.