Renovations and additions made to any property can improve the energy, water efficiency and at the same time improve the liveability and comfort of your home
At the end of the day any homeowner wants to create a home that will increase in value over time, depending on the type of renovations you choose this as well can have a positive impact on increasing the value if you intend to sell in the future.
By doing your research and having an understanding of how your home can be most cost-effectively improved, having an inspection to get expert advice can help you determine the best decision for the property. a homeowner will take all aspects of the site and building into consideration such as orientation, features, floor plan, materials, finishes and appliances to better understand the best way to complete the desired renovations.
Knowing the true market value of a property for presale advice is important for any homeowner that is wanting to sell a property now or in the near future to help make informed decisions for the future outcome of their property.
The Process
With any renovations or additions there are different steps that need to be completed and various experts may be involved depending on the requirements.
- Assessment & design
- Approvals
- Building
- Certification
Depending on how extensive the renovations are, you will create a list of what you wish to get done, and again if you are selling your property and are hoping to add value on your investment, small changes are best, you don’t want to over capitalise on the property go over budget and not see any return and you might end up losing money rather than gaining any.
If you are not selling your property at this time and have decided your home needs a good upgrade, having a budget is still important but stick to more of the bigger renovations first and if you require a architect or designer to give advice on the proper ways in which certain renovations are to be drawn up especially if there are any structural changes that you wish to make.
Depending on what you tend to do, you may need council approval first before you start, and all required certification before and once the renovations have been completed to know you are meeting all standards required for the property. You can do all the work yourself which is what a lot of homeowners tend to do, as this can save money and is something exciting, but some aspects of the renovation may need licensed experts that are specialised in plumbing, gas, and electrical work.
With careful planning and thoughtful design your renovations can improve the liveability and sustainability of your home which in turn will add value to your investment.
If you’re choosing the DIY path, take your time, choose material carefully and do your research, get enough advice on what would benefit your property best, and remember we all need help sometimes, so consider that you may need the additional skills to help you complete your renovation projects.
Your home is your biggest asset you will own and having the right knowledge about home to improve and stay ahead on the market is key, having a property valuation is an essential tool that any homeowner should have done whether it’s for mortgage security, presale/pre purchase or maybe you’re just wanting to know what the current value of your property is and if its increased in value since you first bought it. The list is endless when it comes to the purpose of a valuation and depending on that purpose you can ensure a valuation that is tailored to your needs and will exceed the outcome you require.
Author Bio
John Carter – LinkedIn Profile John Carter is a skilled and experienced senior property valuer working within the Perth CBD and greater Western Australia. With a niched expertise in multi-use commercial properties, gained over his two decades as a property valuer. John is considered one of the leading experts in Perth within property valuations and has passed his specialised knowledge on through industry training programs. His attention to detail and passion for property market research has inspired the next generation of valuers at Perth Property Valuers.
October 25, 2021