Newcastle Living Magazine

To renovate or not to renovate

When it comes to selling your home, you will undoubtedly ponder the age-old question: to renovate or not to renovate? Renovating your home can add significant value and ultimately increase your sale price. The downside to this is that it does cost time, money and commitment in the long run. If you’re thinking about renovating, take the time to consider these key areas.

Examining home areas

The first thing you need to do when considering a home renovation is to really work out what areas of your home need work and which areas can remain the same. Typically, the areas that add the most value to a home are kitchens, bathrooms and a great outdoor entertaining space. Renovating these areas involves coordinating many tradespeople, choosing supplies and appliances, as well as fixtures and fittings. The end result is a combination of time and effort. A well-orchestrated renovation becomes more desirable to a prospective buyer as they can move in without needing to change anything, therefore adding value to your home.

Creating a budget

Choosing an achievable and viable budget when renovating is imperative and one of the most important facets of the entire renovation process. Whilst sticking to a budget can be tough, having a clear understanding of estimated costs and budgeting for the possibility of overspending will ensure you don’t overcapitalise on your renovation. Do thorough research and obtain several quotes to help you make sure you’re getting the most bang for your buck. Making sure to stay on the hunt for discounts on more expensive items will go a long way in helping you stay under budget too.

“Do thorough research and obtain several quotes to help you make sure you’re getting the most bang for your buck.”