All about re­vamp­ing your home

Central and North Burnett Times - - DOMAIN -

COULD it be the in­flu­ence of Aus­tralian’s ad­dic­tion to DIY tele­vi­sion shows? What­ever the case, 43% of home­own­ers plan to re­vamp homes to im­prove their qual­ity of liv­ing, ac­cord­ing to the 2013 Home­own­ers’ In­ten­tion Sur­vey.

Mort­gage Choice head of cor­po­rate af­fairs Belinda Wil­liamson said that of those look­ing to ren­o­vate, over 77% re­gard this as a means to im­prove their qual­ity of liv­ing.

“While ren­o­va­tions can po­ten­tially in­crease the value of a prop­erty, our sur­vey re­sults show that the pur­pose for many Aus­tralians is to im­prove their life­style by cus­tomis­ing their home to suit them,” she said. “This life­style fo­cus was fur­ther high­lighted by the fact that of those in­tend­ing to ren­o­vate, 15% were look­ing to re­new their out­door en­ter­tain­ment area first.

“This was among the top three most pop­u­lar ar­eas to ren­o­vate and fol­lowed up­grad­ing the kitchen and bath­room at 28% and 27% of re­spon­dents, re­spec­tively.”

Ms Wil­liamson said once you have set­tled on a plan, it was im­por­tant to turn your at­ten­tion to how you in­tend to fund the pro­ject.

“De­pend­ing on the scale of changes, there may be a num­ber of dif­fer­ent fi­nance op­tions to con­sider such as a loan top up, per­sonal loan, line of credit loan or even a con­struc­tion loan.”

Con­cept De­sign and In­te­ri­ors owner Sharon Leonard said re­vamp­ing your home was a great idea to give you a fresh new feel.

“Re­vamp­ing your home can make a dif­fer­ence on the value of your prop­erty and pre­sen­ta­tion,” she said.

For those in­tend­ing to re­vamp for sell­ing, Ms Leonard ad­vised not spend­ing more than 30% of the value of your prop­erty.

“Un­less you are stay­ing there presently,” she said.

Ms Leonard said be­fore un­der­tak­ing such projects, lis­ten to pro­fes­sional ad­vice from a builder or in­te­rior de­signer.

“Look at open homes and look at what’s around in the real es­tate in your area.

“Make sure that it fits into your bud­get.”

Ms Leonard said ma­jor­ity of the time, ren­o­va­tions cost ex­tra.

“So make al­lowances for your pro­ject.

“Al­ways get quotes from trades peo­ple and show room sup­pli­ers.

“If you are not con­fi­dent to do it along call my­self, a builder or handy per­son to help run the pro­ject smoothly.”

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