Enhancements for your residence that boost property worth – and alterations that fail to do so
In the quest for a more sustainable and valuable home, several improvements stand out as particularly beneficial for Australians.
Improving Insulation
One of the simplest and most cost-effective ways to make a home more energy efficient is by improving its insulation. This can lead to significant energy savings and a more comfortable living environment.
Switching to Induction Cooktops
Another worthwhile upgrade for energy efficiency is switching to an induction cooktop. Induction cooking is not only energy-efficient but also quicker and safer compared to traditional cooking methods.
Landscaping and Exterior Improvements
A well-maintained garden can improve a home's street appeal. Tidy lawns, defined garden beds, and strategic landscaping can make a house stand out and increase its value.
Energy-Efficient Lighting
LED lightbulbs are a no-brainer for energy efficiency. They last longer and use less energy than traditional bulbs, making them a smart choice for homeowners.
Kitchen and Bathroom Renovations
When it comes to adding value, kitchen and bathroom renovations top the list. Modern designs, energy-efficient appliances, and sleek fixtures can increase a property's value by as much as 15%.
Bathroom Upgrades
Cost-effective bathroom upgrades, such as resealing wet areas and fixing tiles, can also boost a home's value. These improvements can make a bathroom look and feel fresh and modern.
Regular Maintenance and Strategic Upgrades
Regular maintenance, including roof inspections, gutter cleaning, termite protection, repainting, and refreshing or replacing flooring, preserves and enhances a home's value over time.
Sustainable Home Upgrades
Investing in solar or heat pump hot water systems, solar batteries, and other energy-efficient technologies can lower energy bills, improve comfort, help the environment, and increase property value with future-proof features.
Other Considerations
Unified flooring throughout open-plan areas enhances flow and creates the impression of more space. When buying energy-efficient products, choose the best you can afford, as you get what you pay for.
For those working from home, thoughtful and usable study spaces are a must-have. A fresh coat of paint, both inside and out, can increase the appeal of a home.
If you own an electric vehicle (EV), you may want to consider installing a dedicated EV charger for convenient charging, which can be powered by your solar system.
Installing a pool should be based on lifestyle, not just resale potential. Installing a pergola, creating a built-in BBQ area, or adding sliding or bifold doors can connect indoor and outdoor spaces.
Upgrading to LED downlights, pendant fixtures, or smart lighting systems can modernize a home and highlight key features. Investing in a rooftop solar system can help protect against soaring household bills.
Regular gutter cleaning is important to prevent potential property damage. A clean, contemporary bathroom with modern fixtures can boost a home's value and marketability. Solar battery storage allows householders to store excess solar power to use when they want to, which can deliver major savings on energy bills.
Wall-hung electric split systems are a great energy-efficient option for heating and cooling. An inviting alfresco area or deck can enhance family lifestyle and perceived living space. Replacing flooring with modern alternatives like engineered timber, polished concrete, or quality vinyl plank flooring can transform a space.
In conclusion, while the cost and impact of home improvements vary, those that consistently rank high for adding value include kitchen and bathroom renovations, essential maintenance, and sustainable upgrades.
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