Renovating your home right is one of the best property investing moves to add greater value to your home. In order to make sure that you are paving the way for greater returns, you need to know exactly what you are spending and to spend it on just the right things.
Renovating your kitchen
Kitchen renovations, when performed right, are always a winner! The average price of renovating a kitchen is at around $8000 depending on what needs to be done. One of the best ways to save money on a kitchen renovation is to opt for pre-fabricated kitchens. The majority of the amount spent on an average kitchen renovation is often spent on appliances, electrical services and cabinets. For the most returns, choose a neutral colour palette that won’t go out of style. The most used sections of your kitchen such as storage and bench tops and cooking spaces need to be easy to clean and durable.
Renovating your bathroom
The average bathroom renovation project costs around $10,000. High quality fittings and fixtures are a must for a bathroom renovation and they will require the most expenses. Quality fixtures are always a good choice. Retiling costs around $30 per square metre, general plumbing starts at $50 an hour while hot water units start at $200. Bathrooms are heavily used areas in a home. Therefore, you need to think about maintenance in the long term. Instead of white tiles, opt for patterned or coloured tiles to prevent having to clean them every week. Tile bargains are quite easy to find if you keep an eye out for sales.
A fresh coat of paint
Painting a house will cost around $30 per hour. If your house can use a new coat of colour, consider choosing professionally designed color schemes with greater prominence for neutrals for long term results.
A beautifully landscaped home can definitely be more appealing to buyers. Landscaping services start at around $30 per hour. Introducing native Australian plants is a great idea to keep your garden maintenance low and the greens bright throughout the year. Potted plants are also a good choice if you don’t want to spend too much time, tending to the plants. If you don’t mind the expense, seek out a qualified landscape designer and combine softscaping with hardscaping for the best results. Combine water features, paths, patterns and textures to create a beautiful effect.
If you would like to learn more about property investing and adding value to your home, contact us at Capital Wealth Property for more information today!