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Home Living : September 16 2008
2 HLF - Publication, Tuesday, September 16, 2008 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 FREE 'IN HOME' CONSULTATION 1300 137 198 www.ccbd.com.au Curtains Romans Sunscreens Pelmets Swags Shutters All Blinds Bedspreads LATEST DESIGNS IN CURTAINS & BLINDS by Design CREATIVE CURTAINS 2191321i hln wk22 Kitcheners Kitchens has an impressive range of brand new kitchen finishes and designs. We need clients with homes to "show them off". We will need to take photographs of your new kitchen for our brochure when installed. (It's cheaper than building a photographic set . . . and always looks better in a real home). For this we offer a HUGE DISPLAY DISCOUNT! Strictly first come first served. Call 1800 826 144 now (24 hrs) for more info. www.kitcheners.com.au Display Kitchens Wanted! 70% of normal prices 2187798i hlc wk1 Is mould & mildew taking over? DON'T RETILE REGROUT! Stop leaking showers... . New shower screens Domestic and commercial work 7 year guarantee before after Marsh Services Free Quotes Ph 0402 001 577 BL 117017C 2204089i hln wk7 cumberlandnewspapers.com.au 2189101 Inspiration, innovative products and practical solutions Each week Home Living provides you with the latest in renovation, interior decorating and design Introduce your business to over 1.8 million* prospective customers. phone 9689 5395 *Roy Morgan Readership Survey, September 2006
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