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Can Home Renovations Raise Your Selling Price?

Nov 14, 2016

Home renovations can help raise your selling price on your home, especially if they are done professionally and with an eye towards the market. In Perth or any capital city, you can make a lot of money with the right renovation on the right house in the right neighbourhood.

We know that home renovations can cost money. That is why you need professional work and intelligent design. A modern, immaculate home is going to command more on the market than a drab, dated home that is showing its age.

Doing Your Research

It’s a good idea to check out homes that are for sale in your neighbourhood or immediate area. Find a home that is similar to yours. Then find one similar to your projected renovation and see if the price difference is enough to turn a profit.

Different Types of Home Renovations

There are three kinds of renovations you can do. Standard home renovations that use your original space, home extensions and second storey additions.

Standard home renovations are a great idea for a home that is in bad shape or is in severe need of modernisation. They use the same space you already have, so they won’t affect your number of bedrooms or bathrooms. The most important renovation is the kitchen. If you are only going to renovate one room, the kitchen would be the one that brings the biggest returns.

We are usually in favour of an open floor plan for your kitchen, family room, living room and dining area. This can be done with the space you have. However, if you want to expand your home, there are two options.

House Extensions

A house extension is a great choice for any Perth home if you want to enlarge your home and have space in your garden to build outward. However, you may like the results so much you won’t want to sell.

Second Storey Additions

Second storey additions work well when there isn’t room to build out. Homes in Perth and the inner ring suburbs often sell better with this option.

If you would like a free consult, call Next Level Extensions today: 1300 948 094.

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