Home renovations must have the desired effect
While renovations can give home owners an edge, it is essential that projects - undertaken with the specific view for resale - have the desired effect.
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"If adding value is the end goal, it is necessary to appoint professionals qualified to complete the work to the highest standards and recognise that there are some renovations that will specifically boost value. Renovations to kitchens and bathrooms remain the key areas to upgrade," explains Chris Tyson, CEO of Tyson Properties.
"Although these rooms are probably the most costly to refurbish or renovate, they are the ones that can add the highest value when you home goes on to the market. It is very important to also take into consideration some of the latest trends in renovations," explains Tyson.
Open-plan living areas is one of the latest home trends. Creating open living spaces would involve removing walls to open up space and flow between rooms, particularly the kitchen and the entertainment areas. It makes smaller homes appear bigger and creates a more social atmosphere.
Energy efficiency
"Another important change to make to your home is to make it energy efficient - this comes in a bid to reduce energy waste in light of rising electricity costs and includes home automation systems, water-restricting shower-heads, solar panels and LED light installations," adds Tyson.
A focus on creating luxurious bathrooms and to include under-floor heating, a standalone bathtub and a shower featuring multiple water options are a few of the trends taking the lead. "Renovating bathrooms is one of the quickest and most effective ways to add value to your home or investment property. It is very important to take your physical and emotional needs into consideration when redoing your bathroom, as well as to make it as practical as possible. Lighting, colour and ventilation is the most important factors to implement," Tyson continues.
"Smart technology is also important to consider. Home owners are increasingly incorporating smart technology into their renovations including charging stations in existing cupboards so the gadgets and wires were out of sight or installing electrical outlets with built-in USB charging ports," he says.
