Most people consider the kitchen to be the heart of the home, and because of this, updates in this room pay off. You can expect to recoup 60%-120% of your investment on a kitchen remodel, as long as you don’t go overboard. You should never make your kitchen fancier than the rest of the house, or the neighborhood.
2. Bathroom Addition:
If your home only has one bathroom, you can recoup a large chunk of your investment by adding another one. Craig Pontey Director at Ray White Double Bay estimates that you can recoup 80%-130% of whatever you spend adding a bathroom.
These days, buyers shop for homes with energy efficiency in mind. Old, drafty single-pane windows are a major turn off. Adding Energy efficient windows can save you in heating and cooling costs by making your home more energy efficient.
4. Basic Updates
Basic updates add the most value to your home. Keep the paint fresh, fix the roof when it leaks,
replace wood that rots, and get rid of any mold that you find. These types of chores keep your home from deteriorating over time. Buyers want a healthy, solid, safe home, and they look carefully for signs of routine maintenance.
Give your home a general makeover with things like pendant lighting, subway tiles in the kitchen and a farmhouse sink.
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Insights from Elliott Placks, Managing Director & Principal, Ray White Double Bay Changes in policy always bring about new levels of uncertainty across the market. However, changes also make way for new opportunities; particularly for those who act strategically and not reactively. Last week’s federal budget introduced major changes to Negative Gearing benefits and Capital … […]
Following the recent Federal Budget announcements, we would like to provide a clear overview of what the proposed changes may mean for property owners, investors, owner occupiers, and renters moving forward. The 2026 Federal Budget introduced the most significant changes to property investment tax settings in decades. While the headlines have been dramatic, the reality is … […]