Renovations to enhance property appeal

Rather than costly renovations that may not pay off, homeowners should when seeking to add value to a residential property, consider small, strategic upgrades to enhance the appeal of the house.

“Most experts agree that property values in most neighbourhoods have a ceiling, so an expansive overhaul might not deliver the returns you expect. Instead, smart cost-effective improvements can make a significant impact,” says Gavyn Letley of DirectAxis.

Valuable tips to consider

Set a budget

Work out the cost of your planned work. If you are employing a contractor for renovations, ask for a detailed quote. If you have the skills, time and tools, the DIY route will save labour costs but still work out how much all the material will cost.

Once you know the costs, you can consider how best to finance the project, either from savings or a loan.

First impressions matter

A freshly painted exterior, a well-kept garden and sparkling, clean windows can instantly make your home more inviting. These improvements require more effort than money.

Take a drive around the neighbourhood to see what makes other houses stand out.

Have a plan and stick to it

Tackling one project at a time is the best way to stay within budget. It will also help to ensure you complete projects rather than leaving unfinished spaces.

Repair before renovating

A brand-new kitchen will not compensate for a leaking roof or broken gutters.

Address maintenance issues first, to avoid costly problems down the line.

Avoid being extravagant

Luxury add-ons, such as a jacuzzi, might not offer a good return on investment. Instead, focus on upgrades that appeal to a wide range of tastes.

An example is adding an inverter and solar panels to help with electricity backup in case of load shedding.

Keep it simple

Major structural changes can be expensive and unnecessary when doing renovations.

A fresh coat of paint, sanding and re-varnishing wooden floors, or installing a stainless-steel kitchen splashback can refresh a space at a fraction of the cost.

Prioritise cleanliness and upkeep

Regular deep cleaning of the kitchen and bathrooms, including tiles, grouting and ceilings, can keep these high-traffic areas looking fresh. Something as simple as replacing an old shower curtain can make a significant difference.

Avoid unpleasant surprises

Before listing your property, consider getting it inspected for electrical compliance, cracks in the walls or floors, rising damp, dry rot or pests.

By addressing these issues proactively, you can avoid last-minute price negotiations or potential buyers walking away.

“When it comes to adding value to your property, less is more,” says Letley.

“Have a plan, focus on upgrades rather than full overhauls, do it incrementally to spread the cost and prioritise the changes that will create the most appeal at the least cost.”