Hotspace Blog

Best Budget Value Adders For Your Home

Jane Eyles-Bennett - Wednesday, March 23, 2016

With all the renovation shows on the TV and the “hot” property market, increasing the value of your property is a top priority for many homeowners right now. Home renovations however can be costly and time consuming. Check out the best value-for-your-money renovations you can tackle, below:

 

Photo: www.Ikea.com 

 

Update Your Kitchen

No other room of the home compares to the kitchen when you add value. But updating your kitchen doesn’t have to involve a complete replacement; instead you could opt for a more affordable option and look at replacing cupboard and drawer fronts and/or updating to a more modern bench-top. I've done this many many times - and it's amazing what a big change some clever tweaks can make!

If your layout is functional, the bones are there for you to make the most of. Look to bring in some textures, patterns and technology. Kitchens have outgrown the old white and stainless steel days. At a bare minimum, just painting your cupboards to a more flattering colour and replacing handles could be all you need.  

 

Update Your Bathroom

Opt for a bathroom refresh that won’t date quickly. There’s plenty to do in this space that can significantly improve value; after all, this is the runner-up room for most added value to a home. Get a quick lift by replacing the toilet and fittings such as towel rail, toilet roll holder and taps. Or if you need something cheaper consider painting the existing walls and wall tiles for a more contemporary look. Maybe a new vanity is all you need. You can pick up a new vanity for $300 or a bit more. Don't forget the cost of plumbing it in though. If your bathroom is structurally sound with minimal defects to the existing finishes (other than out of date colourings, then a cosmetic facelift of the bathroom won’t need to cost you a fortune.

 

Painting

Refreshing your interior with a lick of paint can drastically update the mood and design of the home and it’s by far the least expensive renovation. Look to do what you can yourself and get professionals where you need to for painting; it can really help with your budget. Whilst it might seem overwhelming to paint a whole home, the beauty of it is that you can tackle one room at a time. Just make sure you seek a professional opinion with regards to colours before you pick up that brush as a wrong colour choice can really detract from the new paint job.

 

Make Some Space
It’s all about open plan living these days and creating a greater sense of space in your home. Particularly older homes can really benefit from this. Knock out non-structural walls to create a sense of flow to the spaces. Remove anything that is closing off a space; it's often fairly inexpensive to do but can have a dramatic affect. However, always get a professional opinion before reaching for the sledgehammer!

                                                                                                            

Renovating your Home or Investment Property?

Home renovations are on the up and up - thanks to all the TV shows and other media outlets such as magazines and the internet.  But is it all that it's cracked up to be? TV makes it look so easy (renovate a kitchen in 2 days, transform your garden in 24 hours - we wish it was that simple!).

If your home or investment property is on the wrong side of 15-20 (years old) then you have a great opportunity to update and modernise it. But without experience on your side, things can (and often do) go really wrong - going over budget, not ending up with the style or look you'd imagined, problems with trades-people, time-frames blowing out - and the list goes on.


Hotspace can help

Hotspace offers one-on-one Exterior and Interior design advice to home owners and property investors.

Property Investors; Our sole aim when working with property investors is to show you how to add as much value as possible - while spending considerably less than it appears when the renovation is completed (ie: spend $1 to add $3-$4 of perceived value). As Interior Designers, we love colour. But colours are only a tiny portion of the information you need to successfully renovate for profit.

Home owners; If your home is old and tired and in need of some renovation love, then we'll show you how to create beautiful and comfortable spaces. We've worked with over 500 property owners on all sorts of properties, so we've (almost) seen it all! We'll help you re-design your biggest asset - often for less $$ than you might think. And as award winning interior designers, you couldn't be in better hands.

The key to renovating your home or investment property without breaking the bank

Whether a full overhaul or a quick facelift, Hotspace will guide you towards your ideal renovation, including;

A second opinion on your plans and ideas - You'll no doubt have some of your own ideas, so we'll steer you in the right direction; confirming your best ideas, introducing new ideas and eliminating the rest.

New ideas and recommendations - We'll introduce you to new renovation ideas to really maximize the result you're able to achieve - ensuring you tastefully revamp your home in ways far beyond what you would have considered yourself. Exterior and Interior Design is our forte!

Spend less on your renovation - If you're afraid of your renovation spiraling out of control, sticking to a reasonable budget just became a reality (yes it is possible!). We'll give you specific guidance on how much or little of your property to renovate given your budgetary expectations. Some of our packages even include budget breakdowns for your entire reno.

Increase the equity in your home or investment property - You can add value and increase the equity in your home or investment property by spending less on your renovation than the value it adds. We'll show you how.

Money back guarantee - Investors; double your renovation investment or we'll refund our fee in full - No questions asked. Note: Our clients typically triple their renovation 'spend' investment so this guarantee is a no-brainer for us!

One-on-one support - Many of our packages include telephone, sms and email support which can be used any time during your renovation.

Which Hotspace Consultation Package is right for you?

We offer 6 different packages depending on your requirements. Click here to see the package options or Phone 1300 908 8901300 908 890.
4 things you MUST KNOW before spending a cent on your renovation.

Free eBook PLUS 7 bonus eLessons.





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