Earlier in the blog, we discussed some of the top curb appeal renovations offering you the greatest return on investment. While curb appeal is a hugely important factor to consider when renovating your home, let’s take a look at some of the interior cosmetic changes you can make that can offer you a similar ROI.
Kitchen renovations:
Above and beyond all, a kitchen’s appeal can result in a make or break situation to prospective buyers. While it can add a lot of enjoyment, spending a large amount of money on a kitchen renovation is not always a wise idea.
For example, spending $50,000 on a kitchen refurbishment for a $200,000 house, will not necessarily offer you the ability to recoup the money you spent. For this reason, sometimes a simple facelift will suffice.
In this situation rather than replacing all of the cabinetry, simply repainting or re-vanishing can add a whole new dimension to the space. Replacing the tapware and using self-adhesive tiles to replace an older splashback, can also assist in modernising the space.
Bathrooms:
As number 2 on the interior renovations, bathrooms can yield a high return on investment too. Modern, clean and neutral bathrooms will always take the cake for a stronger return on investment. So when it comes to refreshing the space, ensure you opt for more neutral colours and tones to keep the remodel from looking outdated too quickly.
Space permitting, if you’re on a tight budget, renovating the master bathroom is usually the way to go. With this, most buyers are looking for a double sink, a large walk in shower, free standing bath tub, and decent lighting. For the other bathrooms around the home, replacing the tapware, shower curtains, door handles, and adding a fresh lick of paint, can breathe some new life into the room.
Flooring:
If you have any older carpets throughout your house, replacing these before you sell can often offer you a high return on your investment. When replacing carpets with carpets, consider a neutral colour such as a beige and ivory linen, natural tan or pale grey.
If you’d like to shake things up, replacing carpets with vinyl can almost guarantee you a higher return on investment, given the popularity of the material. Extremely durable, low maintenance and super easy to install, vinyl flooring is a popular choice due to its easy care attributes, ideal for homes with young children or pets.
Of course there are dozens of other renovation ideas you could look to offer you a high return on investment, but wondering where to start is something else! For assistance in this field, please feel free to contact our team today!