Whether you’re thinking about buying an established home or already living in one, knowing when to renovate is a question on the minds of many homeowners. There are a few important things to keep in mind, from how much you can afford to spend to knowing where to spend it.
Putting aside repairs and regular upkeep, renovating can be a very enjoyable experience. Most people put it off as long as they can, which is always a good time to start thinking about what you’d like to improve in your home. If you’re starting to notice stains slowly creeping across your ceiling or your windows looking a little tired, it’s definitely time to start thinking about renovating before things get out of hand.
First thing’s first – make sure you’ve inspected all areas of your property for obvious signs of fatigue. Generally, the first thing you’ll notice is your paint work looking dull and tired, which can bring the whole appearance of your property down.
While maintaining your home’s appearance with little paint jobs here and there will help to keep it looking clean, you may be delaying the larger, more important jobs. While choosing to invest in a large renovation will help to improve the overall appearance of your property, it will also dramatically increase its value for future resale.
Should I renovate?
Just because you have funds available for a renovation, doesn’t necessarily make it the right decision. Renovating is a big commitment and involves a lot of time and effort. You should consider the following before making a decision;
- If you are thinking about upsizing, it may be more cost effective to relocate instead of renovating your current property. Estimate the time and cost involved to do both and choose the best option for your circumstances.
- Invest in quality fixtures, finishes and tradesmen that will stand the test of time. There is nothing worse than investing thousands of dollars into a renovation for it to deteriorate after only a few years. Make sure you are employing trustworthy and reliable tradesmen with a portfolio of quality work.
- Be careful not to overspend and overcapitalise on areas where you won’t see a future return. While renovating to suit your own needs and comfort is important, it’s wise to ensure that your renovations will appeal to a wide range of buyers if you were to resell.
Our tips to you
Talk to your local real estate agent or builder to find out whether renovating your property is a worthwhile investment. Repainting your home is always a good starting point to give you inspiration and get your creative juices flowing. It doesn’t require a council permit and can instantly transform your home from dull and tired to looking brand new. Painting can also increase the value of your property and transform its entire atmosphere and appearance.
If you’re thinking about renovating or just want some advice on how to improve the look of your home, make sure you call the experts at AM Painting. We provide complimentary colour consultation with every accepted quote and will work one-on-one with you to achieve your desired results.