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Current Renovation Trends

Current Renovation Trends

With the warm weather and longer days we have been enjoying lately, some of us are feeling the urge to get back into renovating our properties to enjoy them to their full potential.

Once the renovations are done, many home owners however are then opting to sell due to demand for homes across the country.

In fact, Core Logic reports that ‘flipping’ properties is becoming more popular in capital cities, with a 0.6 per cent rise in property flipped in less than a year and 0.2 rise in property flipped between one to two years compared to 2012 data. Regional areas saw rises of 0.2 and 0.5 per cent over the last five years.

 

The focus on spending money smartly and making practical enhancements has drawn buyers to slightly older homes. For those thinking about upgrading a property, keep in mind the trends regardless of whether it is going to be sold or not.

  • Spare rooms are now multipurpose rooms – a crafts space, study, playroom, and library are all popular ideas. The potential is endless and creates multiple options for buyers.
  • Upgrade gardens in order to enjoy those summer barbeques. Easy maintenance gardens with pavers or pebbles and minimal grass are options gaining popularity.
  • Replace plain timber outdoor table with modern and colour-themed outdoor lounges or day beds, overflowing with textured throw pillows in complementing colours.
  • It’s no secret that kitchen remodels have one of the highest returns on investment, so getting rid of a dated splash back is still high on the trend list. Replacing colourful tiles and cupboards with clean, neutral finishes allows the home owner to accent with colour, rather than dominate.

 

If your reason for renovating is to prepare your home for sale, then one of our Property Consultants would be more than happy to come to your home and help point you in the right direction in regards to changes that could be made, in order to achieve a premium price.

 

- Mark Forde