Home renovation can be a headache for many people, especially when there are multiple factors involved such as which part of the house to renovate, the costs involved in supporting these changes, and whether these changes will increase your house value in the long run.
Calm down and quit overthinking – In today’s article, we will highlight 5 key areas of your house that you can renovate to make it more comfortable to live in, yet could retain its value or even increase the value of your home by more than what you spent on it.
#1 Your Front Door
A beautiful front door helps to curate the appeal of your house. It increases the level of interest of potential buyers when they visit it. This vibe that your front door radiates is important, since it would help provide a good first impression for buyers.
A bad first impression on the other hand would give buyers an apprehensive feel about the house that they are about to enter. Even if the interior of the house is better, a bad first impression has already been made. Unfortunately, people are that superficial.
Estimated Cost – $1,000 to $2,000
#2 New Paint
A new coat of paint on the walls of the house provides a facelift to the old and yellowing walls.
If you are thinking of a colour, go with white. White provides the home with a fresh new vibe, while allowing potential buyers to play around with design ideas such as hanging up large paintings or DIY drawings. White walls also complements the colour of any furnitures you have.
Alternatively, lights shades of beige or light grey can help create a more comfortable environment, which appeal to buyers that your home is a warm and comfortable place worth of its high value.
Estimated Cost – $2,000
The kitchen is a place where magic happens. For many buyers out there, it is a place where comfort and creativity are being “cooked” and created.
For the kitchen, it is best to keep the décor clean and plain so that stains and dirt can be identified and clean off.
While renovating your kitchen, you may consider changing traditional stoves to built-in induction cookers where it is easy to control to the heat, safer and easier to use for young couples who have yet to master their culinary skills, especially since people don’t cook at home that often these days.
Don’t forget built-in cabinets as well. Well-built cabinets can help make the kitchen look bigger while providing bounteous storage space.
Estimated Cost – $5,000 – $10,000
For bathrooms, it is best to go for a classic and clean look, which makes it inspiring for anyone to unwind after a long day of work. A large mirror would be great for the bathroom since most people get dressed in there. You can consider a rain shower as that gives a spa-like impression.
Estimated Cost – $4,000 – 5,000
The floor plays a significant role in the overall theme of the house. Floors tend to reflect light in the house so the choice of colour is important. A dark coloured floor would require more lights to be installed. Texture should not be ignored as well since our feets are constantly in contact with it. Last but not least, floors need to be well maintained.
A well maintained floor can help increase the value of the house. Buyers who are able to purchase a house that has a well maintained floor might be willing to pay more for it, maybe even by a greater amount than what the floor costs in the first place.
Estimated Cost – $5,000
What are some other areas of the home that is worth renovating? Share your thoughts with other like-minded individuals in the open SG Property Discussion group on Facebook.