Home Renovation Tips That Increase Your Home’s Value for Tenants & for the Environment

Aug 5 2015 / 2:17 pm Was written by Atwell & Co. Comments Off

There are varieties of home renovations that you can carry out that will increase your home’s resale value. These renovations can be easy on your wallet and increase the value of your home. Here are some strategic home renovation ideas geared specifically to increase your home’s resale value:

  • The Kitchen

    You don’t have to remodel the whole kitchen or buy brand-new appliances, but some strategic kitchen renovations can pay off in dividends when it’s time to sell. Focus on updating kitchen flooring, cabinets and countertops. Not only will you increase your home’s resale value, you may also find that the home sells more quickly!

  • The Bathrooms

    If the bathrooms—especially the master bathroom—are looking a bit dated, investing in new flooring, updating sinks and faucets and putting in new counters are all good choices. Consider replacing the tub and shower with a new stall or having the bathtub updated with a new coat of porcelain. If the bathrooms are short on storage space, consider expanding a closet for more room.

  • Paneling and flooring

    If the floors are showing wear in high traffic areas or the walls are looking out of date, consider new walls and/or floors in high profile parts of the home where potential buyers can’t miss these updates. Just make sure that you choose walls and flooring that will appeal to a wide range of potential buyers by selecting neutral shades and patterns.

  • Going “Green”

    Environmentally responsible homes are very hot right now, and experts forecast that this trend will continue. Think about installing solar panels and other ways to reduce the home’s carbon footprint. Spending money on renovations that ultimately save money almost always adds to a home’s resale value.

If you’re considering home renovations that increase resale value, make sure that you receive all necessary work permits and insure that any work performed on your home is in accordance with local building codes. Also, make sure that you take your time and shop around for the best prices on contractors and materials so that your renovations will give you the best return on your investment!

Atwell & Co Real Estate
Unit 6 / 29-30 Grattan Street Prahran, Victoria 3181
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