There are many reasons why people chose to renovate. One is the obvious reason that you need a few changes, to live more comfortably. The next would be if you are planning to sell or rent out the property, you feel that renovating it would add more value to the house.
If the latter is the case, then you need to think about a lot more than how much the renovation would cost. Ultimately, if the house does not gel along with the demography, even if it is the most modern set up, you will be out looking for buyers for a long time.
Should you Renovate at all?
House renovations depend on a variety of things. First, you have to check the condition of the house. If it is in poor condition, depending on what kind of buyer you seek, you might have to do the necessary repairs. Most people who buy a house with an intention to live there do not want to spend much on reparations. Buying light fixtures is one thing, but having repair the wallpaper or even a whole wall is something unwanted.
Nonetheless, building companies Brisbane says that there are buyers who are looking to tear down a house and rebuild. But in this case, the value of the property might be very less if the market is not optimistic.
If the house is in good condition, then you have to weigh it against the market value and see whether it is worth to spend on it. Finding the right finance broker can literally save you tens of thousands.
You need to know whether you are actually bringing more value to the home or just wasting your money on an unwanted expense. Take a look at what all could affect this decision.
1. Get to Know your Market
The foremost thing to do is a primary study of your market. You might have even lived there for a while, but you haven’t looked at the community from a sellers perspective.
Therefore before jumping to hiring a builder and designer for renovations, research on your surroundings and the demographic. Take into factor who lives there, the age group of the people and whether they are young professionals or families.
If it is a family area, approach the house renovations keeping children in mind. You might want to focus more on common spaces, the yard and kitchen. Make sure that you present the home highlighting the aspects the buyer might be looking for and what makes the community unique. With a vetting standard that satisfies only the pickiest, Renovation Builder Brisbane ensure that your expectations will be met, if not exceeded.
2. Adapt to the Community
Every community is refined in its own way with unique distinctions. And so are the people who live there, Just because one or two houses in the area has a swimming pool, there is no need for you to have it. But what you could do, is leave room for it.
For example, you could leave one of the rooms vacant that could be put to multiuse. This way, a family could turn it into an extra bedroom or a nursery. On the other hand, a young professional might prefer that room to be a working space where they can work from home.
It is essential that the renovation is approached with this flexibility in mind. So even if the buyer is looking to invest and not to live, the property would be more attractive to them. Choose the right Brisbane builder for your home.
3. Devising the Floor Plan
The floor plan in Brisbane is being given more importance than ever. There are no longer standard plans that every house just replicates. That is what that affects any buyer’s decision while considering a proposal to buy a property.
There has always been a high demand for seamless plans with plenty of natural light. Open floor plans are more in favour now since it engages more interaction in shared spaces. It is wise to design the house in a way that most of the windows faces north or northeast to get the maximum light in.
Following the current trends but still staying in a neutral zone would be the best option if you are selling. For instance, instead of investing in the interior elements, you can focus more on the plan itself. If you thought before that a room would be better without that wall in the middle, it might be.
Also, make your house look presentable for the open houses. Use the best of the natural light by adding flowy curtains, make the kitchen look vibrant with a few utensils, sell the idea of the home people would want to live, rather than a vacant house. Our house and land packages Brisbane got you covered from $50K renovations to $5M projects.
4. Spend on the Necessities
To find out what needs the most attention, make a list of everything defective in the house. Irrespective of the demographic, you need to attend to these details to make the house presentable. Choosing the right building designer is important as it can make or break your project.
Renovating before selling is not always a good idea. If the market is more stagnant and hasn’t seen growth in the past few years, there is no point in spending if your market is not growing anytime soon.
The most important selling points are always the kitchen and bathrooms. If you have any outdoor area, that should also be highlighted. To make these spaces look pleasing and welcoming, you don’t have to spend a fortune it.
Often, a thorough cleaning and a fresh coat of paint will do the job. Buyers usually love a personal touch to spaces. Ensure that the floors are devoid of any stains, that the wooden floors are polished and shiny. Fix any broken light fixture and the HVAC system.Custom Home Builders Brisbane gets you 3 competitive quotes from the most trusted builders.
Also never neglect the exterior of your house design; that is what creates the first impression.
A well-maintained home always performs better on the market, compared to a neglected one. Often the warm feeling of the residents and the energy in the house would make all the difference to a buyer. Get in touch as one of our friendly team members will get back to you within 48 hours.
If you are trying to make a deal during the seller’s market, you are more probable to get away with fewer fixups. But either way, study the community well and cater to the needs of it. Blindly renovating according to what you think might not beautiful or the best solution for selling.
Always, listen to your real estate agent or the building broker, even before renovating. You can get in touch with TrustCo to find the best in Brisbane.