belle property market west end

What’s the value of key

home renovations?

The kitchen is often the focal point

for a home. So spending $15,000-

$20,000 on a new kitchen will

add not only value storage and

functionality to a home but may

also boost its value, reveals Lilburne.

“This is my starting point with any renovation

as it is usually the most expensive but also

the most crucial part to any home,” he says.

“Always look at the useable space, not only prep area but also distance to and from the hob,

sink and fridge. Gain will be dependent on style and quality of the fittings and fixtures.”

The experts say in most cases you can expect to add about $3 value for every $1 you spend.

What renovations can I achieve for $10,000?

We asked our experts to recommend the best renovations for $10,000. This is based on a

1960s-style brick home, where the owner has basic renovating skills.

According to Lilburne, with a budget of $10,000 you could:

• Polish floorboards

• Re-enamel and re-surface the bathroom tiles, tub & update the tap ware

• Repaint the interior

With a budget of $20,000, you could do as above plus:

• Update kitchen with new flat packed installation, stainless steel appliances, tile splashbacks

• Update switchboard

With a budget of $50,000, you could do also do the following (depending on layout and

orientation of home):

• Remove internal walls to create larger and functional open plan living

• Assess adding an additional bathroom

• Update light fittings and install new light fittings throughout home

As with any big project it’s important to seek the advice of experts before you start. Make sure

you set a clear budget and stick to it to avoid overspending.

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