The deciding factor when determining how to go about your home renovation is usually cost. There should be order to your renovation plan in order to stretch your budget as far as possible. But what should be your first step?
If you’re looking at increasing the value of your property, you should be discerning when it comes to your choices.
The kitchens, bathrooms and other highly-trafficked rooms are some of the renovation projects you should undertake, though be aware that even these spaces are not only sure-fire moneymakers.
People often mistake that any renovations done on these rooms would mean an automatic boost in a property’s resale price. The truth is there would be little or no value added if your project is poorly planned.
Here are some tips to guide you on your kitchen and bathroom renovation on a budget.
Here are do’s and don’ts on a kitchen renovation project, with the area having an average size of 8 square metres:
- Have the kitchen outfitted with a canopy rangehood and dishwasher
- Install stones for surfaces
- Use an open-plan design
- Buy pricey fixtures and fittings
- Give in when it comes to bench and storage space
- Apply a weird colour palette
*Expect an average renovation cost of $12,000 – $16,000.
For a bathroom with an average size of 6 square metres, here are some renovation do’s and don’ts:
- Have a frameless glass shower installed
- Have floor-to-ceiling tiles laid
- Add a double vanity, if there is still space
- Undertake massive modifications to the plumbing
- Change a bathtub/tub combo to a shower only
- Use too much mosaic tiling
*The average renovation cost is estimated at $9,000 – $12,000.
Any makeovers that will extend the space of your home are sure to be worth your time, such as additional bedrooms or a new deck or patio.
If you don’t want to splurge on major renovations, you can undertake affordable overhauls that could also boost your property’s value. Here are some suggestions: a new coat of paint, new light fixtures or new grout in the bathroom.
You may not be able to do all the things on your renovations wish list, but choose the spaces in your home that would gain the most from a makeover. This would guarantee an increase in your standard of living – and bank balance.