Which Home Renovations Offer the Best Return on Investment?

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If you want to improve the resale value of your home, the fastest way to achieve this is with a home renovation project. The types of renovations you will want to engage in to increase the value of your home will be dependent upon when or if you are considering selling your property. If you’re thinking to sell your home in the near to immediate future, substantial renovations are probably off the table. In this case, you will likely wish to focus on rapid, immediate small improvements, like painting the front door and mowing the lawn. Time-dependent, could also consider painting specific rooms of your home.

However, if you’re not immediately selling your home, you should consider pursuing more substantial investments that will yield a higher return on Investment (ROI) and make your home immediately more enjoyable to live.

 

Residential Maintenance

 

If there are any repairs needed in your home, you should likely address these before you consider selling. Even if repairs aren’t particularly costly to fix, they give potential buyers an incredibly negative impression and reduce value significantly. For most repair jobs, you will require a professional building service.

Urban Build Co are experts in minor to sizeable residential maintenance and repairs. Our team of multi-skilled tradesman can repair or rebuild all manner of residential elements including Decks, Fencing, pergolas, timber walls, Bathrooms Floorboards, Cladding, tilling, Waterproofing, Electrical and plumbing.

Pavement Appeal

 

First impressions count more than you think. Studies show how appealing your property looks from the street can have an enormous impact on the value of your property. Minor aesthetic improvements like ensuring the lawn are mowed for inspections can have tremendous benefits.

 

Some minor home improvements can make a tremendous difference, painting the door with high-gloss paint and displaying some plants. However, more substantial aesthetic and functional enhancements to the exterior of your property are incredibly worthwhile investments.

Recladding is one of the most significant improvements that can dramatically increase the value of your home. Urban Build Co are Auckland’s Experts in Recladding. Urban build Co is available across Auckland not only to fix leaking cladding but also to do complete beautiful complete recladding. Have a look at some of our incredible past work here.

 

Other external factors

Especially during the summer months, external features like decking are critical elements of a home’s value. If your home has an outdoor space that’s not meeting its full potential, consider creating an outdoor entertainment area with decking, especially if the outdoor entertainment area leads directly to an indoor open plan space. Urban Build Co specialise in functional, beautiful outdoor decking.

 

Kitchen Renovations

Sandy Smith writing for Domain Australia states: “Costs for a basic custom kitchen installed will all plumbing, electrical and tiling can be as little as $10,000. This can add enormous appeal and value to the property, with the increase in value sometimes being as much as $50 to $60,000.”

However, you should be particularly cautious about claims a kitchen renovation will inevitably provide such a high on return on investment. If the potential buyers don’t like the particular colour scheme or the cabinet tops you’ve chosen for the new kitchen, a renovation could reduce the buying price.

Therefore, although a kitchen can provide a high ROI, you should consult a professional regarding which potential fit-outs are likely to be appealing to the maximum possible buyers, both immediately and over a longer time frame.

Bathroom Renovations

Renovating a bathroom or even adding on suite can have a dramatic effect. However, you need to be sure to use timeless materials that will continue to look their best for the long term. Selecting traditional materials such as marble will produce the highest ROI.

 

Complete Home Renovations

Of course, if your budget isn’t limited the optimal home improvement when done by renovation experts such as Urban Build Co will lead to the maximum returns. Urban Build Co have performed multiple complete renovation projects for both commercial and residential clients. Our clients are always happy with the results! Check out some of our previous work and investigate our testimonials to get an insight into what Urban Build Co renovations achieve.

If you have any queries or enquiries regarding any home renovation projects, don’t hesitate to get in touch today!

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