Top House Improvements for your Renovation Dollar

August 15, 2012

Exterior Renovation

If you are planning on renovating your investment property for sale, rental or just to improve its value, you need to ensure the home improvements you make will give the greatest return on investment.

For Property Investment NZ to be a success it is important to treat your properties as your business, try not to renovate to your taste, rather you need to ensure your properties appeal to the market you are targeting and have the widest appeal.

Many project designers, real estate agents and contractors can recommend what will greatly increase the value of your property so you can recoup the costs and add value and appeal.
know that kitchens and bathrooms are important interior spaces, but it is the exterior that can significantly increase the value of your property for the least expenditure. Adding a deck, painting, window replacements and good fencing will all add value, saleability and appeal.

Improving the overall street appeal of your property is one of the top buying motivators in today’s real estate market and “street appeal” is something that real estate agents always look for and promote. It is the first impression for buyers and many will make a split second decision on a property.

The top home improvements for the greatest return on investment:

  • Replacing exterior cladding
  • Add an outside deck
  • Add, repair or improve fencing
  • Replacing windows
  • Remodeling bathrooms
  • Kitchen remodeling

All the above projects will easily pay for themselves on sale of the property and you will notice that the majority of the projects are exterior, so if your budget is tight then focus on the exterior first. Remember, to use a competent and experienced licensed contractor.

For further reading on Property Investment NZ, click on the articles below:

Setting Goals for Financial Independence – click here

Tips for Becoming a Property Expert – click here

Buying Rules for Property Investment – click here

5 Tips to Add Value through Renovation – click here

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