Planning and forward thinking is key to success in a good home renovation, as every home is different.
Making the right choices can make or break your budget, whether you're renovating an investment property or your next potential home.
Being selective and methodical about what to remove and keep in your property goes a long way. There may be a single wall that, if removed, turns a cramped lounge room into open-plan living. You may find workable timber floorboards under the carpet, or a good surface to paint on under that ancient floral wallpaper.
Consider the potential for improving, rather than replacing features in your home. The cost of repairing is often cheaper than removing and replacing - especially if you DIY. Wood can be sanded and varnished, marble can be ground back, and steel can be polished. Tiles, floorboards and carpets can often go for a deep clean rather than being replaced.
You can save thousands in the kitchen and bathroom by simply replacing benchtops and doors, as opposed to gutting them entirely. These two rooms are often the most expensive to renovate, though generally have the most potential for improving value.
If what you have is beyond repair, or the job simply too large, then you can start to think about replacing tiles, built-in cupboards, etc. Disposal of building materials like tiles, wood and metal can be costly, especially if there is a lot of it. This cost varies from region to region, so check with your local council.
Building on the strengths of a property is key to getting the most out of your budget. Renovation can be an exercise in creativity, financial planning or both. If you’re looking to buy, our experienced agents will help you figure out which home is going to be right for your next renovation project. If you’re selling, contact us for a free market appraisal so we can work to give you the best result and exposure for your renovated property.