For some, a cool change is welcome news, and has been known to inspire a little weekend work around the home. But what things should you consider before boarding the renovation train, and what improvements are most likely to add value?

Budget, budget, budget

There are many low-cost improvements that can make a vast difference to the value of your property. A fresh coat of paint, new light fittings, bathroom fixtures, and door and window handles can all help improve the look and feel, particularly if you select good quality fittings. 

For renovations on a larger scale, you will need to craft a disciplined budget.  Understand your home’s value by seeking professional advice, whether it be from a property valuer or from your local real estate agent. This will help you to determine what you should be spending on your renovations, but remember to include a buffer in any budget for those unanticipated costs.

Keep it simple 

If you want to make money on your renovation project, it’s a smart idea to keep design choices neutral – not everyone wants a bright orange bathroom!  

An updated or new kitchen has always been known to add value to a property, however it can also be costly depending on your choice of appliances.  

Instead you could try adding new walls. Large spaces are ideal for Aussie living, however if your home is big enough, you may be able to create extra rooms. The first thing people look at when house hunting is the number of bedrooms and bathrooms. 

Regulations

You may find that the decision to extend your home is not yours to make. All extensions require both council approval and a building permit. Restrictions can be based on anything from council planning and heritage restrictions, to insufficient space within your own property. It’s important to check these things with your local council prior to investing in any plans.

Hired help

With the help of reality television, DIY is more popular than ever. But if you’re not the handy type, make sure you’ve accounted for hiring professionals in your budget. Calling in professionals is quite essential in transforming your property safely and soundly. 

Invest in a competent team you trust, particularly for the big jobs; ie, electrical, plumbing and roofing. Once they are on-site, don’t forget to ask questions. A professional can suggest options you may not have considered, and also guide you on ways to save money if you have a tight budget.