14 Jan 2019
4 quirky additions to boost your return on investment

4 quirky additions to boost your return on investment

4 quirky additions to boost your return on investment
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Guid,Tips,Selling,Auction real estate agents

Have you been watching your favourite renovation show and feel inspired to start knocking down walls? Or maybe you’re just itching to make your mark on your home?

 

We’ve researched four great DIY additions for you below, that will not only give your home that bit of ‘wow’ factor, but should also boost your return on investment, when it comes time to sell…


1. Man Cave / Femme Den

 

One economical option recommended by Australia’s largest Home Improvement Directory; hipages.com.au is to convert an non-habitable space inside the house, into a man cave or femme den.

 

For this transformation to be financially rewarding, the space inside your house would need to be classified by the Australian National Construction Codes (NCC) as uninhabitable. You would then want to follow the NCC guidelines to transform that space into a habitable space.

 

Making another habitable room means when it comes to putting your house on the market you can sell your property as having an extra bedroom, living room or rumpus room - which should lead to a better resale price. One example of a non-habitable space being transformed into habitable space would be converting an unused second garage space into a man room.


2. Fire Pit

A great focal point for entertaining, a fire pit is an outdoor feature sure to add that rustic yet romantic touch to your backyard. It provides another communal area for your property allowing you to entertain your guests with an affordable addition.

Portable fire pits in particular have been recorded as returning an average investment of 150%. Whereas built-in fire pits are expensive and offer a lower return on investment.  So, whether you want to toast marshmallows with the kids, have after dinner drinks with your friends or cuddle up by the fire with your spouse, a fire pit is a fun addition to your property that can bring you a financial return.    

3. Zen Garden

An affordable and low maintenance option to add that ‘wow’ factor to your property is the trendy Zen garden. Simplify and remodel your courtyard with sand, fine gravel and natural stones. Not only will this addition bring a tranquil and serene atmosphere to your home, but it is a minimal design that requires little work to make an impression.

For a rundown courtyard this addition requires a minimal financial investment with potential for a financial return on resale of your property. Just be sure to keep your Zen garden simple, but with proper planning to assure your garden doesn’t end up looking like an adult sandpit.

4. Water Feature

Water features have been increasing in popularity, with this contemporary addition often featured in interior design magazines and television shows. The water feature came in at number 9 by Smart Property Investment as one of the most popular characteristics property buyers seek when deciding on a new home.

An inexpensive option, this aesthetically pleasing addition is an easy and affordable incentive for buyers. Simple to install and highly durable, a water feature makes a statement to buyers of luxury.



Whether you’re considering an innovative storage space saver, a star gazing sunroof for the bedroom, a period gazebo or a charming koi pond, approach every renovation with a plan to assure you are not left with an economic burden.

 

Looking to sell your home or investment property? We’d love to assist! Call us on (08) 6254 6333 today and get the best outcome for your property.

 

 

Written by Naked Writers

4 quirky additions to boost your return on investment
Naked Writers

Naked Real Estate Writers collaborating to bring the latest news and trends in real estate for buying, selling and working in the exciting world of real estate. Is it time for you to get Naked?

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