Do’s and don’ts of home improvement

2016-10-27 06:00
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>> colin@onewaybusinessservices. co.za

WHETHER you want to improve your quality of life, increase the marketability of your home or both, there are some proven guidelines that you need to keep in mind:

• Don’t over capitalise. Every decision to make improvements to your home must be guided by an assessment of average home values in the area. Research shows that buyers tend to choose the ‘best’ house in the area but they will not pay more than 10% above the neighbourhood average irrespective of the ‘extras’ an over capitalised property may offer.

• Don’t ignore essentials. A new swimming pool won’t sell your house if the roof leaks, the walls are full of damp spots, the plumbing is outdated and the electrical system is a nightmare. First get those basics right before adding to the “bells and whistles”.

• Don’t forget about kerb appeal. The exterior appearance of a home is very important and is the first differentiator that buyers see when cruising a neighbourhood. Rather spend money tidying up the garden and painting the exterior of the house before building a lapa in the backyard that nobody can see.

• Do focus on “value adders”. If you have the basics in place and you have taken care of kerb appeal, remember that kitchens, bathrooms and built in cupboards sell houses. They are the improvements that tend to add the most value as well. A recent study in the USA revealed that 89.3% of the cost of upgrades to kitchens, bathrooms and built in cupboards are recovered when selling within 24 months of the investment.

• Do start with cosmetics. Most times there is no need to completely gut your kitchen or bathroom when doing an upgrade. Cosmetic changes like extra lighting, worktops, cupboard doors, shower doors and vanities are relatively inexpensive and certainly have the desired effect.

• Do balance indoor and outdoor improvements. With our climate and culture of outdoor living it is important to invest outdoors as well. An affordable outdoor entertainment area and an attractive garden are often just as important as your indoor living areas. - Supplied.

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