Want to renovate but not too sure where to start? At some stage homeowners delve into the land of renovating, with a view to increasing the value of their property. The process can certainly be overwhelming. Whether applying fresh paint or investing in a significant renovation, every dollar you spend must add value.
Sadly, the dream renovation takes a wrong turn for many, and before you know it you are on the path to doom and gloom and hemorrhaging money into correcting silly mistakes that you cannot believe you didn’t see coming.
Renovating for profit is about strategically targeting what you spend your money on and then return it gives you. Engaging the services of experts and not cutting corners are essential. Due consideration at the outset should be given to whether you will utilize an architect and/or interior designer. This may seem like an unnecessary extra expense when in reality this investment will save you thousands in the long run.
So, what are the top five areas that owners should focus on to improve the value of their home?
1. Home office
Now, more than ever, a dedicated homework space is of utmost importance. None of us has a crystal ball and with Covid throwing a spanner in the works we need to have a comfortable space to work. This is now a value-add to any property. Prioritize your ideal workspace. What do you need? How much space do you need to complete your work? Is there a requirement for drawers and shelves? Consider your lighting.
Esta historia es de la edición October 2021 de Money Magazine Australia.
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Esta historia es de la edición October 2021 de Money Magazine Australia.
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