With New Zealand house prices continuously increasing, homeowners are more motivated than ever to get their home improvement projects started. Not only will these projects result in a better standard of living, but also boost their home value.
The quality of the home renovations is a huge factor you have to consider if your goal is to add value to your home. For this reason, nothing beats the work of a professional construction team with decades of experience.
If you happen to live in the Otago region of New Zealand, trust professional Dunedin builders to execute your planned home renovations. Established in 2017, SB2 Builders is run by industry professionals Sam Barnett and Simon Bone, who bring 35 years of construction experience between them. Together, they bring to life the vision you have for your home with their full-service construction business.
Do you have home renovations in mind? Are they the right fit for your goals of increasing your property value?
Whether you're preparing to sell your home or simply looking to enhance your living space, investing in the right home improvement projects can make a world of difference. Here are different home renovations that are sure to bring the best return on investment.
Kitchen Remodel
The kitchen is often given away when a house is built. For instance, light oak finishes and white kitchen appliances immediately call to mind the 1990s. Meanwhile, in the ‘80s, kitchen cabinets typically featured darker finishes with brass fixtures and hardware.
Aside from its style and decor revealing its age, the kitchen is also one of the busiest places in a home. Thus, it’s only logical that it’s also one of the most important places to upgrade—which means that upgrading it also brings more value. Give your old, dated kitchen a new look with more contemporary appliances and clean cabinetry. You may also want to switch from a tiled backsplash with a sleeker stone that matches the countertops. With a well-designed layout, modern flooring, and wall colours, potential buyers will fall in love with your renovated kitchen.
Bathroom Remodel
Bathrooms are utilitarian spaces, so most homeowners tend to design this space, leaning towards practicality. However, in recent years, bathrooms have evolved into personal sanctuaries for relaxation and rejuvenation.
According to the US national data from Cost vs Value 2023 published by the online magazine Remodeling, bathroom renovations recoup anywhere from 26 to 66 per cent of your investment. Thus, a bathroom remodel incorporating luxurious features such as spa-like showers, elegant fixtures, and statement tiles can elevate your home's appeal to buyers. You can also add plants, wall art, and other decorative elements to your bathroom for a finishing touch.
Energy-Efficient Upgrades
Sustainability is at the forefront of everyone’s minds these days, and Kiwi homeowners are particularly drawn to improvements that reduce energy consumption and environmental impact.
Consider installing energy-efficient windows and insulation to not only lower utility bills but also enhance the overall desirability of your home in the eyes of environmentally conscious buyers. Furthermore, consider adding solar panels and smart appliances to future-proof your home.
Curb Appeal Enhancements
As the saying goes, first impressions last. This is especially true when it comes to selling your home. That’s why curb appeal enhancements should be at the top of the list when it comes to renovation for resale.
Spruce up your home’s exterior with fresh landscaping, a vibrant coat of paint, and inviting entryways that can instantly draw potential buyers. For homeowners who take pride in their outdoor spaces, investing in these improvements is a savvy move that pays dividends in both aesthetics and value.
Basement Finishing
Unlock the hidden potential of your home by transforming your basement into a functional living space. Whether you opt for a cosy entertainment area, a versatile home office, or a welcoming guest suite, finishing your basement adds valuable square footage and versatility to your home.
Having a finished basement provides incredible flexibility and adaptability that’s appreciated by potential buyers. As such, this renovation is considered as a wise investment in terms of expanding space and adding property value.
Outdoor Space Expansion
Known for their love of the great outdoors, Kiwis appreciate outdoor living spaces for entertaining, dining, and other outdoor activities.
Add a deck, patio, or outdoor kitchen to create a seamless transition from indoor to outdoor living. Depending on where you live in the country, you may also want to take advantage of New Zealand’s breathtaking natural landscapes as a backdrop.
Based on the same Cost vs Value data mentioned earlier, a deck addition can immediately recoup about 39.8 to 50.2 per cent of the renovation cost. Indeed, this outdoor living space expansion is a home renovation that’s worth your time and investment.
Home improvements should be able to fulfil a two-fold goal of enhancing living spaces and providing increased value to your home. To ensure that these objectives are realised, you need a complete vision of the space and construction professionals who can make it a reality.
If you’re ready to realise your home’s true potential, let SB2 Build help you with construction. Contact us through our website or call our number to discuss your plans for your home.