Home renovation can go a long way towards boosting our quality of life. The money we spend on renovations will be doubled later in the resale value. Here are five most important factors to consider before your home renovation.
Declining house prices have been well documented in recent months. Auction clearance rates in Sydney at the start of December were as low as 41% and many economists are predicting interest rates hikes and a recession like housing market. Renovating your home can add a lot of value.
Suzanne Gorman's approach to home design is very simple. “There are two elements – the invested and the interchangeable,” she says. “The joinery and floorboards are the constant mainstays, and the rest should be regularly changed-up, from the wallpapers and soft furnishings.
Renovating is one way to improve the value of a home prior to sale, but significant improvements can be costly and time consuming, and not everyone has the spare cash to splash on an extensive reno.
The key to making your dream home renovation a reality is knowing where to splash out for maximum impact, according to Beaumont Tiles' Design Specialist Christie Wood.