Tag : home-investment

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Indications for the Need of a Home Renovation

You probably think that home renovation is expensive and tiring. However, if you are really motivated it can be an enjoyable and worthwhile process. In fact, renovations are a great way to appreciate your home’s value and make it brighter and more comfortable place to live.

People have various reasons why they decide to renovate such as making improvements to raise the property’s value or making your home more lively. Usually, renovations are for investment purposes and to enhance marketability in terms of selling. If you fall into any of the below categories, you might just be up for a home renovation!

Change for the better

Outdated kitchen and bathroom colours and furniture should be changed now. Don’t be anxious about installing new countertops for they are easy to put up and are less costly. This time you can invite more guests without being worried about your old style home design.

Kitchen: heart of the house

Your kitchen is your home’s heart. A kitchen is a place in the house where families and friends spend much of their time. Now, if you find your kitchen appliances and cabinets old and not in good condition anymore, then buy new ones that are more updated, not only will they look better, but also they may perform better. You should make the place where you spend more time as comfortable as possible

Make Treatments to the House

Renovations can be more practical by fixing things that badly in need of repair or replacement. Sometimes, you might notice that some appliances are already obsolete and worn out such as bathroom tiles that are falling apart or a toilet with inefficient flushing. As much as you can afford, change the tiles, upgrade using a new design or even change the toilet for a new one.

Prepare for Retirement Days

Some people consider spending their retirement days in their homes that’s why it’s important to upgrade the home using features that are suitable and safe for retirees. For example, you can install step-in showers with side bars instead of bathtubs or install toilets designed for limited mobility. For your installment of toilets and other features, you can visit any plumbing shop in Australia.

Want to learn more renovation tips? Kindly visit us at info@youplumbing.com.au

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Why remodeling your home is a good investment

Remodeling is a great way for homeowners to increase functionality and beautify their property. If you choose wisely the best place to upgrade your living spaces. Most of your time is spent in these areas and if you’re looking to sell the new homeowners will appreciate the upgrade and you may add value to your property in the process.

Planning Ahead

While the quality of the real estate market in your area is important to consider when selling, so is the quality of work you do for your home renovations and improvements.

There are several things you can change that are proven to add value to your property. Projects such as kitchen and bathroom upgrades, adding a wood deck and window replacement have usually given the highest return of investment irrespective of the market condition and property’s location. If you are an investor who chose to remodel a rental property, you can as well recover the cost of the improvement by increasing the rental rates.

On the other hand, homeowners have to be careful in choosing the projects for completion because the potential profit for remodeling can only be gained if there are buyers who are willing to pay the cost of renovations.

Check Location

Any type of project must be appropriate for your neighborhood and the area of a local property. Home improvement costs should not exceed the average cost of the neighboring houses. If you have a greater cost of improvements than the average houses around your property, it may not add much more value to your house.

Moreover, you should also consider how long would it take for improvements to raise the property value. Compared to kitchen and bathroom upgrades, design and structural improvements like building additions or finishing spaces will do more increase value but over a much longer time.

Government Incentives

Since mortgage interest can be deducted from income taxes, the government may contribute to subsidize home improvement that will make construction cost less burdensome on the part of property owners.

If you are looking for materials and tools in setting up your improvements, you can find them in any plumbing shop in Australia, or visit us at info@youplumbing.com.au

November 2019
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