Top 4 renovation trends to add value to your home

2016-04-27 06:00

RENOVATIONS can boost property values and ensure sellers achieve the most competitive price when the time comes to maximise the capital investment.

“Home renovation is important to maintain your house, accommodate your changing needs and maximise its value if you’re planning to sell and make it more attractive,” says Chris Tyson, CEO of Tyson Properties.

However, while renovations can give homeowners an edge, it is essential to ensure that projects undertaken with the specific view for resale have the desired effect.

“If adding value is the end goal, it is necessary to appoint professionals qualified to complete the work to the highest standards and recognise that there are some renovations that will specifically boost value. Renovations to kitchens and bathrooms remain the key areas to upgrade,” says Tyson.

“Although these rooms are probably the most costly to refurbish or renovate, they are the ones that can add the highest value when your home goes on to the market. It is very important to also take into consideration some of the latest trends in renovations.”

Tyson shares four prevalent home renovation trends:

Open-plan living

Open-plan living is one of the latest home trends, says Tyson. Creating open living spaces would involve removing walls to open up space and create flow between rooms, particularly the kitchen and the entertainment areas. It makes smaller homes appear bigger and creates a more social atmosphere.

Going green

“Another important change to make to your home is to make it energy efficient - this comes in a bid to reduce energy waste in light of rising electricity costs and includes home automation systems, water-restricting showerheads, solar panels and LED light installations,” says Tyson.

Luxury bathrooms

A focus on creating luxurious bathrooms and to include underfloor heating, a standalone bathtub and a shower featuring multiple water options are a few of the trends taking the lead.

“Renovating bathrooms is one of the quickest and most effective ways to add value to your home or investment property. Lighting, colour and ventilation are the most important factors to implement,” says Tyson.

Smart homes

“Smart technology is also important to consider. Homeowners are increasingly incorporating smart technology into their renovations, for example including charging stations in existing cupboards so the gadgets and wires were out of sight, or installing electrical outlets with built-in USB charging ports,” says Tyson.
SOURCE: PROPERTY24

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

 
PARTNER CONTENT
INFOGRAPHIC: New thinking required for retirement

Everything we believe about retirement is fast becoming outdated.

PARTNER CONTENT
WATCH: How education can change a life

A university education gives students the chance to create a better future for themselves, their families and to opportunity achieve their dreams.

/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.