Whether you are looking for a new home to live in, or you are renovating your home for resale, it is important to know the valuable aspects of your home. Here are some characteristics to make note of.
Location is a big factor to consider, as far as valuable aspects of your home go. Many favour urban areas for their homes, as this saves them time and money in commuting. Additionally, homes in urban areas tend to adhere to stricter standards, and so they give off a notion of being more structurally sound. On the other hand, homes in suburban areas are more affordable and at times just as quick to sell.
It is great to get a house that fits you and your lifestyle, but if you have resale in mind, it is best to get a house that fits the majority. Your home need not be strictly for households that do not have children or for large households that consume a lot of energy. Consider a house with three or four bedrooms, instead of two or five. Square footage is also important to give yourself and future homeowners room for expansion.
A home’s structure is a major factor to consider, whether you are buying a home or renovating one for resale. Avoid structural issues, as fixing such issues later on will cost big money. Check your foundations for cracks or caving. Inspect your home for damages due to water, mold, or pests. Be sure the electrical and plumbing systems are sound, and see that the heating and cooling systems are running smoothly.
Added curb appeal and good interior aesthetics boost the value of a home. You might be able to find an affordable home with outdated paint, a bad rooftop, poor landscaping. But that works both ways; you can make more money out of your property by investing in a good paint job, replacing the old roof, and improving your home’s landscape.
Interior aesthetics add to a home’s valuable aspects. High-quality finishes, good lighting fixtures, and updated floors are just a few affordable renovations you can do to your home not only to increase property value but also to improve your household’s quality of life.
Eying a home you want to renovate, or are you renovating your home for resale? Talk to us. Our architects and building designers in Australia have extensive experience working with homeowners and helping them make the most out of their property. We’d be happy to help.