If you own a home and your long term plan isn’t to be live there forever, then a well thought out home improvement project is something that can increase the value of your property. This will enable you to get a good price for your property when you go to put it on the market and you can proudly list out all the extra features that your property has to offer.
Keeping to a budget after you choose a specific project for your home improvements endeavours is vitally important. The danger with many home improvement projects is that the budget gets over blown and in the end not only costs people monetary resources but also great stress. Define your budget in conjunction with choosing a project that will enhance the value of your home but don’t be afraid to haggle or negotiate with suppliers because if you don’t ask, you won’t receive!
In choosing a project, try to consider where your home lacks. Does it have a well laid out kitchen but a poorly designed bathroom? Could it benefit from an en-suite bathroom or an outside decking area? It’s about prioritising and being astute about your decisions. Look online for inspiration and see if there are any projects you can tackle yourself. Don’t take on too much in terms of projects either, perhaps selecting only small projects or one at a time as otherwise it can get overwhelming. There will be an element of upheaval in the home if you plan on covering the projects while you are still living there so keep this in mind.
This infographic from HalfPrice.com.au aims to give some ideas in terms of what projects to tackle for increasing the value of your home. It gives specific return on investment estimates and also highlights some green options you could consider. Check it out below!