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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Ray White Double Bay is excited to welcome renowned Property Management leader Julie Feller, together with respected sales agent Danny Taylor and their team, in a merger that brings outstanding talent into the business. For Elliott Placks, Managing Director of Ray White Double Bay, this is more than a … Read more
Confidence continues to build across Sydney as well-presented properties attract strong enquiry and competitive offers. In this update, Melanie Lahoud and Breanna Skewes share what’s driving buyer behaviour, auction results, and investor activity. Quality listings are generating strong inspection numbers and decisive offers Auctions remain the preferred method of sale, … Read more