IN today’s property market, smart home improvements are more than just a way to refresh your living space – they’re a proven strategy to increase the value of your home.
Whether you’re preparing to sell or simply want to future-proof your investment, carefully chosen upgrades can offer excellent returns.
When it comes to adding value, not all renovations are created equal. Industry experts agree that kitchens and bathrooms should be your first focus.
A stylish, modern kitchen is often the heart of a home and can significantly influence buyers’ perceptions.
Similarly, updating an outdated bathroom can instantly lift a property’s appeal.
If budget allows, open-plan living spaces and outdoor entertaining areas are also big winners, particularly in markets where lifestyle is a key selling point.
But how do you get started – and ensure you’re making the right choices?
Finding a reliable builder is crucial.
Start by asking friends, family, and neighbours for recommendations. Online reviews and local community forums can also offer valuable insights.
Always check that any builder you’re considering is fully licensed and insured. It’s smart to get at least three quotes and to ask for detailed breakdowns of costs and timelines. Be wary of unusually low estimates – they may lead to poor workmanship or hidden extras later.
Before signing any contract, make sure you’re clear on the full scope of work and any contingencies.
Good builders will be happy to answer your questions and provide examples of past projects.
Don’t be afraid to ask for references and, if possible, visit a few completed homes.
Understanding the costs involved will also help you plan effectively.
On average, a kitchen renovation can range from $15,000 to $40,000 depending on the finishes and appliances you choose, while a bathroom remodel might cost between $10,000 and $25,000.
Always factor in a buffer of around 10-15 per cent for unexpected expenses.
Ultimately, strategic home improvements can make your property stand out in a competitive market – and may well be the difference between a good sale and a great one.
