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Home Living : April 26th 2011
HLN - HOME LIVING: NORTH, Tuesday, April 26, 2011 7 Add a bedroom to increase home's value » ADVERTISING FEATURE The money is in the bedroom for home renovators and investors wanting to maximise the value of their properties for sale or rent, says an architect body. Archicentre, the independent building advisory service of the Australian Institute of Architects, says the housing and rental shortage in Australia, combined with older children remaining at home much longer, placed a premium value on bedrooms. Archicentre ACT and NSW manager Ian Agnew said the quickest way to increase the value of a two-bedroom home in a suburb for young families was to add a bedroom. ''This could lift the home immediately into a new price bracket with the potential to add another fifty to sixty thousand dollars in value for a modest cost,'' said Mr Agnew. ''Unfortunately many renovators and investors who get caught up in the glamour quick make-over fail to take into account the market demands or make the mistake of purchasing a property without having any concept of the renovation which can maximise their potential return,'' he said. ''The classic example was the young couple who spent around fifty thousand dollars turning a third bedroom into an ensuite and walk-in wardrobe in a suburb where homes with three and four bedrooms were in high demand for a family-oriented market. This meant in this market place, despite the renovation, the home fell into the lower price bracket when it was put up for sale. ''The bedroom is good value for money in the renovation stakes as it not only is one of the less expensive renovations with no need for plumbing or other costly services, it is also a smaller separate room with basic facilities such as in-built wardrobes,'' Mr Agnew said. ''The bedroom is also a flexible room which can easily be converted into a home office or a study with a minimum of effort and then converted back into a bedroom when needed. ''This flexibility of a relative low cost area to add in a renovation, especially if it is under an existing roof line, also adds to the property's marketability.'' Archicentre carries out thousands of pre-purchase inspections for prospective home buyers and investors related to the quality of properties. It also offers a concept design that can be combined with its property inspection service to provide a cost effective way to explore the best opportunities for renovating the property for profit. ''The concept design service provides the opportunity for people to get professional advice from an architect during an on site visit which is followed up with a sketch and a guide on costs. Alternatively, 'on the spot advice' can be provided during a property inspection,'' said Mr Agnew. ''This provides both owner-buyers and investors with extremely valuable and important knowledge about the property they are considering purchasing to make an informed financial decision." Archicentre publishes a Free Cost Guide for renovators on its website at www.archicentre.com.au HOMELIVING O Remove existing fittings, wall and floor tiles O Supply and fix new wall lining or cement render. O Waterproof wet areas O Supply and fix wall and floor tiles x 20m² $30per m² allowance O Supply and install vanity valued $500.00 O Supply and install bath valued $200.00 O Supply and install taps valued $360.00 O Supply and install toilet suite valued $450.00 O Supply and install shower screen valued $520.00 O Supply and install mirror valued $100.00 O Supply and install accessories valued $200.00 O Remove all trade waste and effect final clean up O Full guarantee COMPLETED IN 8 DAYS GUARANTEED $9980 Scope of Work BATHROOM Renovations Master Bathrooms Ph: 9899 9330 Builders Lic No. 178503c www.masterbathrooms.net.au 20 Years Experience Carpentry-Plumbing-Electrical -Tiling-Waterproofing (NSW) Pty. Ltd. 2110282i 11/1 Authorised Dealer Licence No 215990C HUGE AUTUMN SAVINGS PHONE NOW for a FREE In-Home Quote 9737 0293 2258875i 22/3 • DUCTED SYSTEMS • MULTI SPLIT SYSTEMS • SPLIT SYSTEM www.waratahwardrobes.com.au FACTORY & SHOWROOM Unit 1, 183-185 McCredie Rd, Guildford 9632 5444 Lic. No. 160400C 2128218i 12/4 built-in WARDROBES & KITCHENS N Free Measure & Quote N Custom Design Built-in Wardrobes & renovation of existing wardrobes N Sliding Mirror doors in a variety of colour frames N Hinged or sliding Federation Doors N Kitchen Design & installation glassrooms | conservatories | garden rooms ground & 1st floor extensions BUILDER OF QUALITY EXTENSIONS Designed and built for your lifestyle. Call for an obligation free in-home consultation. Showroom: 152 Russell Street, Emu Plains firstname.lastname@example.org www.classichomeimprovements.com.au Create an improvement that will allow your home to breathe fresh living space 2080015i 19/4 MULTI-HIA AWARD WINNERS LICENCE NO: 66902C 1300 721 150
April 19th 2011
May 3rd 2011