Renovating to Sell or Renovating to Stay…

There are two types of Renovation Projects…. Renovating to Sell and Renovating with the intention of staying.  We have come across both types of Renovations although a high percentage of our projects are with those who are wanting longevity out of their renovations and not just a quick fix.

 

Each of these markets is very different and how we approach these renovations differs significantly.  For example, when a client is renovating to sell we look at what can be done in most cases to reach a broad market of buyers being careful not to overspend so the client doesn’t overcapitalise.  You need to look at Renovating $$ as an investment.  In an ideal world, you are investing in creating a highly appealing home that is going to be of more interest to buyers and in turn sell in a shorter amount of time for a greater sale price (making back the money you have spent plus profit).  Renovating tips on spaces to Renovate would involve renovating the main wet areas including the kitchen, flooring, paint and minor structural changes that can be done to improve the floor plan if required.  Also freshening up the façade for a better first impression and updating/cleaning up the outdoor spaces including gardens – all of which assists with kerb appeal.  We all know its hard to change our mindset when we drive passed a property that doesnt look overly appealing, we just keep driving in the hope one ticks the boxes from its first impression.  This of course is all done on a smaller budget and is not personalised to the clients tastes and lifestyle.  From an Interior Designers point of view also suggesting a much more neutral colour scheme works well so potential buyers can see themselves living in the property with the ability of them adding their own flavour to it.  Don’t forget once you have renovated, ensure you style the property accordingly as furniture can not only visually add appeal but will make spaces look bigger and assist buyers determine how spaces can be best laid out.

 

When we are renovating for a client who intends to stay in the property, a lot more factors are taken into consideration.  Things such as how the family uses the space, do extensions for extra space need to be addressed, does the existing floor plan flow, are the spaces that currently exist functional and practical for its occupants, is the kitchen in proportion with the overall property (kitchens have been said to sell houses!), are the bathrooms big enough or laid out in the most practical way possible, do you need to inject some more of your personality into the home…. I could go on but we don’t have all day!  Most of our renovations involve structural changes moving or adding/removing walls, completing gutting interiors so the entire home is brand new internally and updating the exterior with new paint to roof, gutter, fascia, eaves, new front entry door, landscaping, driveways etc.  Being the Interior Designer I work very closely with the owners to gain an insight into their personalities, styles and tastes in order to put together a design that reflects them perfectly as well as exuding wow factor that leaves visitors with a positive lasting impression.  Staying in a home for a longer period after renovating also allows for a bigger investment outlay initially as the market fluctuates over the years and you are actually getting to appreciate your investment for all those years living in it, so overcapitalising is less of an issue long term as the market catches up.  We absolutely love renovating homes for homeowners who are staying there for the long haul… its very rewarding to see a run down or outdated home get the kicker it needs to go from ugly duckling to a home fit for a king and hearing/seeing years down the track how happy they still are with their homes and how the investment was worth every cent.

 

Here’s some before and after pics of a gorgeous Renovation we recently completed for some homeowners who are staying!

 

              

             Before                       After                                After                          Before                          After

             

              Before                      After                          Before                            After                            After 

   

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Have a great day!

Lise, Brad & the FR Team x

 

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