When homeowners decide to renovate or extend, their perception of the ideal outcome is based on personal design tastes, living needs for their family, and their own desires. The entire planning process is a rare opportunity to be selfish and design a solution to look exactly how you envision. Considering it is to primarily serve you and your family, you have every right to think of your own needs and wants.
But when it comes time to sell – three, five, or even ten years down the track – it’s important that your home draws enough interest from the market to deliver a positive financial outcome.
While your decision making during a renovation or extension design shouldn’t be based entirely on future buyers of your property, it should at least enter the discussion as a consideration.
It’s not easy to fully understand what people will want in years to come (as many people want different things in the present day), but there are a few points that can help guide you to a successful outcome.
This is one thing that will never go out of fashion. Quality design, materials, and craftmanship/ execution is the most obvious way to guarantee your property maintains its value. You may end up spending more initially, but the returns from a quality carpentry job will give you a positive return in the future – especially in Geelong’s hot real estate climate.
Technology is ingrained in modern living and is becoming a larger part of Australian homes. Many homebuyers view the ‘connectivity’ of a potential home as a key feature in their decision making. Incorporating the latest tech into your home during a renovation is a smart way to future-proof your property and increase its future sale potential and value, while also improving the liveability of your home for you and your family.
This can include wireless communication, smart-phone appliance/light accessibility, and, at a minimum, high level security. There is a risk with technology advancing so rapidly that it can become outdated quickly, so steering clear from gimmick-y features is key to longevity.
No turn-offs/ Polarising features
The best (or worst) way to turn off potential buyers is creating a statement feature that sticks out like a sore thumb. While it may be to your tastes at the time it was created, it will certainly polarise opinions and drive away people who might otherwise be interested in your home.
Examples of this can range from an ‘out-there’ kitchen backsplash choice, to a fancy façade that made a big statement at the time but become stale after a few years.
The options are endless when it comes to design, and while your tastes are important, keeping them in check to some degree can help produce a more timeless home for you and future buyers.
Thinking modern is a good starting point – without getting confused with futuristic, or extravagant. Attempting to predict design trends is risky, however, at the end of the day, the choice is yours.
If you need assistance with a renovation, extension, or carpentry solution of any size, reach out to us. At the very least we can provide professional advice and direction, without taking over your project.