Maximise long-term gain with a home reno that appeals to the widest market
Using neutral colours and standard designs for the reno is common but you don’t always have to play it safe to appeal to buyers down the track, says Andrew Winter, host of the LifeStyle Channel’s Selling Houses Australia.
"Renovate your home the way you want to enjoy it but remember that for long-term gain you need to cater for the mass market, so don’t make it too hard or costly to alter," says Andrew.
Renovating for long-term gain is about lifestyle as much as financial benefits.
Says Andrew, "With high energy costs, homeowners don’t want to spend a fortune on air-conditioning so they might move a few doorways and add windows for cross-ventilation.
"The outlay is small and while it may not be an obvious value-adder it makes for a more comfortable home."
He says a long-term renovation on any property, regardless of vintage or location, needs three elements.
"It should include things you’re going to enjoy and benefit from. If designing for personal style then make sure it can eventually be changed to have mass market appeal when it comes to selling."