Renovating to boost value
DESIGN FEATURE
The Reno Agent Founder Vikky Morris explores some of the most effective home improvement strategies to elevate your home’s aesthetics and boost its market value.
As the housing market continues to evolve, homeowners are constantly seeking the best ways to enhance their living spaces while ensuring a robust return on investment (ROI). Whether you’re considering a major renovation or small updates, understanding the latest trends and knowing which improvements yield the highest ROI is crucial.
Embrace smart home technology
One of the hottest trends in home improvement is the integration of smart home technology. From intelligent thermostats and lighting systems to security cameras and smart locks, these advancements offer convenience, security, and energy efficiency. Smart home technology can significantly increase a property’s appeal, making it a worthwhile investment. Potential buyers are increasingly looking for homes equipped with modern technology, and installing these systems can lead to a higher resale value.
Open floor plans and functional spaces
The open floor plan concept remains a favourite among homeowners and buyers alike. By knocking down non-structural walls and creating a seamless flow between the kitchen, dining, and living areas, you can make your home feel more spacious and inviting. Additionally, multifunctional spaces that serve dual purposes, such as a home office that can transform into a guest room, are highly desirable. These modifications not only enhance the liveability of your home but also attract a wider range of buyers when it’s time to sell.
Energy-efficient upgrades
Sustainability is a growing priority for many homeowners. Energy-efficient upgrades, such as installing solar panels, double-glazed windows, and improved insulation, can dramatically reduce utility bills and your carbon footprint. These green improvements are appealing to environmentally- conscious buyers and often come with tax incentives or rebates, further increasing your ROI.
Outdoor living spaces
Creating outdoor living spaces is another trend that continues to gain traction. Whether it’s a cozy patio, a fully-equipped outdoor kitchen, or a tranquil garden area, these additions extend your living space and provide a perfect setting for entertaining or relaxing. High-quality landscaping, decks, and pergolas can enhance the overall aesthetic of your home, making it more attractive to potential buyers and adding significant value.
Kitchen and bathroom remodels
Kitchen and bathroom remodels consistently offer some of the highest returns on investment. Modernising these spaces with high-quality materials, energy-efficient appliances, and stylish fixtures can make a substantial difference. Focus on timeless designs that blend functionality and aesthetics to ensure that these upgrades remain appealing for years to come.
Investing in your home with these trending improvements not only enhances your daily living experience but also ensures a significant return when it’s time to sell. By staying informed about the latest trends and focusing on high-ROI projects, you can create a stylish, functional, and valuable living space.
