Which Renovations Add the Most Value to Your Home?

Renovating your home can be a great way to increase its value and make it more comfortable and functional. Whether you're planning to sell your property in the near future or simply want to improve your living space, there are several renovations that can add significant value to your home. In this blog post, we'll discuss the renovations that are most likely to increase the value of your home.

Kitchen Renovations

The kitchen is one of the most important rooms in the home, and a well-designed kitchen renovation can increase its value significantly. Upgrades such as new cabinets, countertops, and appliances can improve the overall look, feel, and usability and of the kitchen, making it more attractive to potential buyers. When modernising a kitchen, it is important to balance aesthetics with the functionality and flow of the kitchen.

Bathroom Renovations

Like the kitchen, the bathroom is another critical room in the home that can have a big impact on its value. Upgrading the bathroom with new fixtures, tiles, and lighting can create a more modern and attractive look. Installing a spa-like shower with frameless or semi-frameless glass, or luxurious bathtub can also add value to your home and make it more appealing to potential buyers.

Energy-Efficient Upgrades

Making energy-efficient upgrades to your home is not only good for the environment and your wallet, but it can also add value to your property. Upgrades such as installing solar, new windows, insulation in walls and roof, and energy-efficient appliances can reduce your monthly energy bills and make your home more attractive to potential buyers.

Flooring Renovations

Flooring can have a significant impact on the overall look and feel of your home. Installing new hardwood floors, carpet, or tile can update the look of your home which may not particularly increase the overall value of the home, but modern and fresh flooring can improve the aesthetics which helps a home to sell quickly. Consider using durable and low-maintenance materials for high-traffic areas to make your home more practical and functional.

Landscaping and Outdoor Living Spaces

Upgrading your outdoor living spaces, such as the backyard or patio, can add significant value to your home. Adding a deck, pergola, outdoor kitchen and lounge, ensuring to add in sufficient lighting to ensure you are able to enjoy your renovation after dusk. Consider incorporating low-maintenance landscaping elements to make your outdoor living spaces more practical and attractive.

Extension, Garage Conversion or Granny Flat

Adding additional space through building an extension, converting unused garage space into living space, or building a granny flat is a sure-fire way to add value to your home. This extra living space could be utilised as a in-home office, additional bedroom or kids playroom.

While building a Granny Flat is a significant investment, by renting it out the return on investment is excellent with a recent Gold Coast granny flat renting for $700+ per week. With a rough estimate, the owners will recoup the costs of the build in just over 3 years. If you are interested in adding space but unsure which way to go, check out this Blog Post comparing Extensions, Garage Conversions or Granny Flats. Alternatively, contact Canvas Constructions Co by to discuss your home renovation goals.

The Verdict?

In our opinion, the addition of a granny flat is the best way to increase the value of your home while also providing the opportunity for additional income that can be liberating in an uncertain economic time.

Conclusion

In conclusion, there are many renovations that can add value to your home. From kitchen and bathroom upgrades to energy-efficient upgrades and flooring renovations, there are many ways to increase the value of your property. Consider your budget and the improvements that are most important to you when planning your next home renovation project.

If you are ready to take the next step, reach out to Canvas Constructions Co to help turn your vision into a valuable master peice.