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Which property renovations really add value to your home?

By Andrew Bell

When you're considering putting your house on the market, you're likely looking around your home to see what renovations can be done to make your home more enticing for buyers. Of course, not all upgrades are created equal. Here are a few home improvements that will help your home sell:

Kitchen updates

For many buyers, the kitchen is one of the first things they'll look at when considering a new home. And while a total gut job might not be realistic for you, even minor renovations can go a long way. Consider replacing or refinishing cabinet doors for a refreshing look. Upgrading appliances is also a relatively simple way to make the kitchen look more up to date. Spending a relatively small sum will help make your house feel modern, which can reflect in the selling price.

Additional bathroom

Like the kitchen, the bathrooms are frequently a make-or-break deal for buyers. If your home has few bathrooms when compared to the bedrooms, adding one on could be a big bonus for buyers. Of course, this isn't a small project you can complete over a long weekend, but if you have the money to invest in adding a bathroom, you're very likely to see added value to your home.

General maintenance

While not nearly as glamorous as a new bathroom, the unseen maintenance you do on your home is extremely important. The last thing anyone wants is to move into a home and have to replace a leaky roof, drafty windows, or a water heater that's on its last legs. If you think your house may be due for routine maintenance in the next year or two, consider getting them out of the way now so you can recoup the costs in the listing price. Buyers will appreciate the fact that they don't have to worry about replacing the roof in the near future.

Outdoor space

When it comes to selling your home, don't neglect the back yard. Most Australian families love to enjoy the warm springs and summers outside, so upgrading your space will help add value to your home. If you already have a deck outside, consider refinishing it for a fresh look. Or, if you're willing to spend a little more, adding an outdoor kitchen or living space is an extremely popular addition to homes that essentially add square footage to your home.

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