Benefits of renovating Perth home

The Benefits of Renovating Your Home

Renovating your Perth home may often seem equal parts exciting and daunting. One moment you’re delving into design ideas with fervour, the next you’re worried about the costs. If you’re deliberating over whether to renovate your home, understanding some of the benefits will help you land on the right decision.

Home renovations save and make money in the long run
Unless you envisage yourself living in your property forever, renovating your home allows you to make more money in the long term. Choosing the right renovations increases your property’s resale value. As such, you enjoy the dual benefits of a better living space and financial returns.

On that note, if you already know you’re planning to move house, making small tweaks will endear your property to prospective buyers. When future owners come to view your home, structural issues such as damp, cracks, and poor paint jobs will make them turn elsewhere. Addressing them ahead of your sale means your property may spend less time sitting on the market.

In some cases, you may benefit from tax deductions by renovating your home. For example, the ATO allows home owners to claim money back on renovations that depreciate in value. However, it’s wise to conduct a pre-renovation depreciation report first.

Enjoy a change of style and scenery
When you buy a property, you’re usually in it for the long run. Over time, it may start to feel dull and boring. One of the most significant benefits of renovating your home is that you can change the style and make it feel like a new property; without moving. It’s also an excellent opportunity to add your personality to your property, making it a more enjoyable space for you to live.

Similarly, home renovations are great for altering your property’s functionality. If one of your children moves out, for example, you have the chance to change their old room into a home office, walk-in wardrobe, or whatever takes your fancy.
Finally, if you’re able to obtain planning permission and you’re willing to take on a big development project, you can choose an extension and add space to your home. Unlike when a child moves out, this is an excellent way to make room for new additions to the family.

Addressing logistical challenges
Depending on how old your property is, you may find that you spend a lot of money on energy bills. For example, up to 40% percent of your property’s heat can be lost and up to 87% of the heat gained through the windows. Similarly, poor insulation sees a 35 percent increase in how much heat your home loses in the winter and how much heat it can gain in the summer. Adding features such as double glazed windows and insulation makes your home more energy efficient, allowing you to save money in the long term.

If you want to make your property safer, you can choose features such as triple locking, alarm systems, and fireplace guards. As for indoor hazards, a decent home renovator will identify potential trip causes, such as flooring that’s loose.

And, if you’ve reached the stage of your life where you have additional mobility needs and your property isn’t suitable, home renovations come with lots of benefits. From stair lifts through to walk-in baths and showers, such changes will allow you to stay in your property safely without having to leave the street and area you love.

Whether you want to stay in the house you’re in, prepare it for sale, or delve into the property development game, there are lots of home renovation benefits to explore. To get started, think of what your home requires, consider whether you will benefit, and make an investment that’s right for your needs.

Call Duo Build today on 0413 416 314 to book a meeting to discuss your  home renovation needs. Please feel free to contact us here.

How to avoid common home renovation mistakes

10 Common Home Renovation Mistakes and How to Avoid Them

Renovating your home is an exciting time. But, if you don’t take the right approach, you may make mistakes that see your dream project turn into a nightmare. Fortunately, avoiding them is easy when you employ forward-planning.

Poor planning before your renovation starts

From creating a budget to selecting the right builder, each element of your Perth home renovation process requires meticulous planning. While this might seem a little tedious, you’ll save yourself from overspending and stress when you’re in the middle of the project.

Failing to spend money on the right things

The first step of your research should involve looking at what your property needs, not what you want. Investigate whether there are any structural problems, sources of damp, or any other maintenance needs. After doing this, you can start looking into the cosmetics of your renovation.

Wasting existing space

Look at each space on your property and take a realistic approach to deciding on its primary use. When you first start renovating a property, excitement might push you towards overly ambitious plans. If you’re remodelling a kitchen, for example, make sure its size is appropriate for all the cabinets, appliances, and essentials you need.

Not seeing the bigger picture and aiming for today’s trends

Whether you’re renovating a home you live in now or one that you want to sell for profit, start looking towards the future regarding value. Designs that are trendy now might make your property lose its value if you want to sell it in the future. If a sale is on the horizon, aim for designs that appeal to most people.

Hiring the wrong builders

As for interior designers and builders, bear in mind that the cheapest options are rarely the best ones. If someone is offering a low bid, you might want to consider whether the money you’re paying will cover your design ideas, or whether it will lead to cutting corners.

Removing period details and ignoring traditional neighbourhood traits

One area where first-time renovators make mistakes is aiming for a design that clashes with the rest of their neighbourhood. If your neighbours have traditional looking properties and you want a cosmopolitan design, making your house stand out in the most drastic way possible won’t boost its aesthetic appeal.

Ignoring the benefits of landscaping

Focusing on the outside of your property is just as important as addressing the inside. From your front door through to landscaping the garden, ignoring what falls outside of your home’s walls leads to a lack of value too.

Similarly, if you have any outdoor spaces, maximise their potential. Improving your garden can increase your property’s value. However, if you create a design that’s too difficult to maintain, it could turn off prospective buyers. Aim for a contemporary design, but always consider the upkeep it’ll require.

Not enough research and forming unrealistic expectations

Ideally, you should calculate your budget before you begin planning the design. For the sake of being pragmatic, you might also want to add wiggle room to your budget. Why? Because during the home renovation process, things can go wrong. When they do, having extra cash to address them won’t slow your project down.

Overcapitalising by rushing and making mistakes

On that note, don’t try to rush the renovation at any point. Rushing leads to messy mistakes, or you may fail to identify a structural problem you need to address. Accept that it’s a time-consuming process and don’t fall into the trap of overcapitalising by forcing the project along.

Not sticking to your home renovation plan

Finally, once you have a design, contractors, and items in mind, stick to them. Changing your mind frequently may mean higher expenses. Also, panicking and opting for a frugal alternative can have a negative impact on the result.

Ultimately, you need to make sure your expectations are realistic. Choosing a well-reputed Perth renovation builder is the best way to ensure you receive expert advice that prevents you from setting your sights too high or low. With a careful and open-minded approach to renovating your property, you can avoid mistakes and achieve the results you want.

Contact Duo Build today to get an expert advice on your Perth home renovation.