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Home Living : September 16 2008
HLC - HOME LIVING: CENTRAL, Tuesday, September 16, 2008 1 Renovation wrongs Above: The cost of repairing structural cracks can run into many thousands of dollars. Inset: Ugly decorating will devalue a house. Renovating your home can add considerable value. However, personal taste, overindulgence on themes, and an incorrect assessment of the market desires, trends and needs can devalue your home considerably. Imagine spending $30,000, $50,000, even $100,000, on your renovation only to find that in doing so you have damaged the original value of your property. The fact is, many homeowners spend tens of thousands of dollars on so-called improvements only to find that their expenditures have not added significantly to the value of the property. In some cases, the value decreases. People have to consider the market their house is in. Renovations change the market for that house. Owners can go to great lengths to create detailed plans for their renovations, including fittings and color schemes, without taking the resale market into consideration. One of the biggest mistakes is when owners include more expensive fixtures and fittings into their renovation when mid-range products would have met the market's requirements. Some fittings, such as toilets, can range in price from $300 to $1500. When selling a home, renovators should consider whether the same -- or more -- dollar value will be added to the house value. A critical component in assessing the suitability of a home for renovation is the structural integrity of the dwelling. Money spent on re-stumping, re-wiring and re-plumbing, while essential to meet building standards, may not always be recouped. Costs in the range of $20,000 to $30,000 on these items alone can be incurred, in addition to the renovation costs. So what are the top five renovation wrongs that are certain to devalue your home? One: Over-capitalising -- makes the house more expensive than the market is prepared to pay. Two: Add-on -- the extension or addition looks like a poorly integrated add-on. Three: Ugly duckling -- personal tastes and themes that are not in keeping with market desires. Four: Do it yourself -- untrained people should not undertake works such as plumbing and electrical fitouts which should be done by tradespeople. Five: Jerry built -- poor quality renovations can show cracks between the existing and new work. So investigate, inspect and plan before you start renovating. Prepare budgets and stay within those boundaries and you'll renovate successfully every time. Details: Visit www.renobrothers.com.au or email firstname.lastname@example.org HOMELIVING RENOBROTHERS Renovation experts Matt and Simon Judkins show you the way to make DIY easier Metropolitan Built-in Wardrobes Pty Ltd FREE MEASURE & QUOTE SHOWROOM OPEN 6 DAYS Mon- Fri 8.30am - 4.30pm Sat 8.30am - 1pm T: 9763 5899, F: 9763 5877 www.metropolitanwardrobes.com.au Unit 6, 1-15 Wentworth Rd Nth, Homebush (off Bellona Ave) 15 YEARS GUARANTEED 2186337i hln wk42 SPECIALISING IN Built-in Wardrobes Office Systems Entertainment Units Kitchens Joinery LIC. NO. 198153C Showroom open Saturday & Sunday 492 Parramatta Rd, PETERSHAM For a FREE design quote call: 9572 7515 www.expressionsbydesign.com.au INNOVATIVE DESIGNS UNSURPASSED QUALITY SERVICE EXCELLENCE 2038652i hlc wk5 Skylight to suit your décor www.belleceilingdomes.com Free Call 1300 30 11 90 Browse over 50 stunning designs online or request your free brochure and current price list. QUALITY PRODUCTS AT TRADE PRICES MANUFACTURER DIRECT WE SERVICE MOST BRANDS OF SHUTTERS • 10 Year Written Warranty • Fast Professional Installation By Qualified Tradesman • Reduce Heating & Cooling Bills • Deter Burglars • Reduce Noise • Storm Protection ROLLER SHUTTERS FREE MEASURE & QUOTE CALL TODAY 1300 302 822 www.maverickrollerproducts.com.au 2158952i hlw wk41 C/L 196633C • 2 x Mirror doors • Wall to wall up to 2.4m wide • 1 x Single Hanging space • 1 x Draw unit (4 draws) + 3 shelving •1xShoerack • 1 x Double hanging space • 3 x mirror doors •Walltowallupto 3.6m wide Bankstown 9785 1425e Surcharge applies to Campbelltown area Wally's Wardrobe World 2098762i hls wk22 up to 2.4m wide up to 3.6m wide 2.4m high 2.4m high $570 inc GST $870 inc GST
September 9 2008
September 23 2008