It certainly is no secret that kitchens and bathrooms are significant “value add” areas when considering renovating your home. But what about your poor old laundry? This is one of the hardest-working spaces in your home, providing vital functionality. A well thought-out and practically designed laundry can make a real impact on your everyday life, and can also leave a significant impression on potential buyers if you are renovating to sell.
A quality laundry renovation is more than the purchase of top-of-the-line appliances. They’re important, but there are many other factors to consider.
First, the layout needs consideration. Look at your current layout and ask yourself, “Does this work for me?” or “What really annoys me about the space in its current form?” Do you find yourself often silently saying, “I wish I had … in here.” How can you change your layout to ensure the laundry functions like a well-oiled machine and becomes a space you can be proud of?
Budget
The cost will vary considerably depending on the size, your selections and whether you are replacing your appliances. As a rough guide you can expect to spend $1300 for small modifications such as paint and fixtures; it could be $15,000 or more where you are reconfiguring layout and plumbing, and making significant changes to the space.
Accessibility
This story is from the April 2022 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 2022 edition of Money Magazine Australia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.