Sale - Renovations that add the most value to your home prior to a sale

If you're considering shifting to a new home in the near future, it’s possible a renovation could help you attract more buyer interest and ultimately a higher selling price for an existing house or unit. So, if you feel your home is looking tired and in need of a facelift, the chances are buyers will too.

But before taking a hammer to a wall or firing up the circular saw, it is worth considering the renovations that will deliver the best bang for your buck.

Some experts suggest a kitchen or bathroom renovation add the greatest value to a property, while an entertaining deck and open-plan living spaces are also big winners when it comes to attracting the interest of potential buyers.

However renovating a kitchen or bathroom doesn’t come cheap. Property website realestate.com.au estimates that a kitchen renovation can cost anywhere from a few thousand dollars, right up to $30,000 plus. No matter the size of the job, a brand new kitchen usually requires re-tiling, new cabinetry, and replacement sinks and tap ware, for starters.

If money is tight, a kitchen renovation might be out of the question. But don’t despair! There are other steps that can spruce up a home, such as removing the ageing Axminster carpet or the florid wallpaper. New door handles and ceiling lights can also help achieve a more contemporary look, while a lick of paint never goes astray.

If the removal of the shagpile leaves behind floorboards, this is a bonus – if not, a floating wood floor, which starts around $20 per square metre, is a popular way to modernise an older home. Brave souls might even try installing the floating floor to save on professional labour costs.

Street appeal is also important, because first impressions count. Indeed, many buyers make up their mind about a property the first time they see it. So, if the budget allows it, improving a home’s exterior is a worthwhile step.

Prospective buyers will look for a healthy lawn, attractive landscaping, trimmed trees and freshly painted walls and gutters.

No matter what the size of your renovation budget, there are always ways to freshen your home for sale. If you are uncertain about the best options, speak to us as soon as possible.