Your Top 5 Renovation Ideas for NZ homes
Are you planning on selling your house?
Here are some of our best renovation ideas to help you increase the resale value of your home.
So you’ve decided to take on a house renovation project? Great idea! Breathing new life into a place you call home, rescuing a rare period gem, or simply making your house more comfortable to live in can be incredibly rewarding. It’s also a great way to enhance the value of your property when it’s time to sell. Since major upgrades can come with significant costs, it’s helpful to know what exactly you can do to get the highest return on your investment.
Here are our top 5 renovation ideas NZ that will result in the increased resale value:
1. Kitchen remodel
We can all agree that a kitchen is not just for cooking and entertaining friends. Creating a modern-looking kitchen space is one of the sure-fire ways to add value to your home. From upgrading appliances to refacing cabinets, there are a lot of things you could do to make your kitchen more functional and aesthetically pleasing. Some of the best renovation ideas NZ are installing new countertops, changing flooring, Cabinets, painting and adding modern sinks and faucets.
Costing around $25,000, a kitchen remodel can recoup a whopping 80% of the cost making it one the most popular renovation ideas NZ.
2. Deck addition
If you’re one of those lucky Aucklanders that own a house with a big yard, you can consider adding a wooden deck. You won’t be the only one to enjoy the outdoors around your home, as your potential buyers will appreciate it as well. In average, adding a wooden deck from scratch can cost anywhere from $10,000 to $25,000. The good news? This improvement can hold more than 75 per cent of its value come sale time!
3. Building a master suite
Many modern homes feature a spacious master suite that speaks to the Auckland homeowners taste and style. So if you happen to have a small bathroom by your master bedroom, it might be the time to upgrade. Typically, elaborate master suite amenities include a walk-in closet, separate bathing areas and built-in functionality. Despite being a costly undertaking, this feature may drive up to 80% ROI when it’s time to sell.
4. Bathroom update
It’s all in the little details when it comes to home resale. If your bathrooms have seen better days, selling your house might be an excellent opportunity to take on minor renovations. Installing a new vanity or adding trendy tiles won’t break the bank, and you can expect to see the full 100% return on your investment. With such a high yield, what is there not to love?
5. Upgrade your basement
One of the most underrated renovation ideas NZ is updating your basement. It comes especially handy if you don’t have enough space to add a room to your house. A well-designed basement can be easily turned into an upscale bar or a functional media room and can serve as a playroom for children. You can also add a bathroom if you decide to remodel your basement, as this can increase the resale value even more. The key idea is to keep the space as open as possible to avoid making it look too dark or cramped.
Still have questions unanswered? schedule a no-obligation consultation with the team at Superior Renovations
Or call us on 0800 199 888