One of the pluses of owning your own place or investment property is the possibility of adding value to your home through renovations. That said, renovation budgets can be quite different depending on whether you are considering house decoration ideas versus apartment decoration ideas.
In some ways, a house can offer greater scope with renovation ideas (and opportunities for adding value to your home) – budget permitting. That’s because apartment owners can face limitations when it comes to major structural changes. Adding a balcony or knocking down dividing walls for example, are likely to require approval from the body corporate, and there is no guarantee your project will get the green light.
On the plus side, simple low cost improvements – even DIY renovations – can enhance your house or apartment, so let’s take a look at the home decoration ideas most likely to boost the property’s market value and your lifestyle.
Kitchen and bathroom – the high achievers
A quality bathroom renovation idea or kitchen upgrade will almost always enhance your home’s value though these also tend to be the most expensive renovation ideas to undertake. This makes it worth opting for the highest quality your renovation budget can afford.
Apartment owners may find it extremely difficult or very costly to change the underlying plumbing arrangements in your building. This can mean sticking with the original layout of the kitchen or bathroom however this can also bring cost savings to the project. Your builder can provide clear advice on what can and can’t be done if, for example, you are considering kitchen renovation ideas.
DIY garden ideas that merge indoor and outdoor space are increasingly popular, and it’s something that can be achieved even if your home is an apartment. Rooftop gardens or vertical gardens that create green space can be a major selling point as well as adding a sense of tranquillity to your lifestyle – and maybe the chance to enjoy some home grown veggies. Even on a tight budget some simple landscaping – while perhaps not adding value to your home – can certainly enhance its appeal.
A burst of colour
As home decoration ideas go, giving your place a fresh coat of paint is an instant pick-me-up – and one of the simplest and cheapest DIY renovations available. It’s also a project that involves minimal disruption to your lifestyle (and neighbours), and in many cases the job can be completed over a few weekends.
Aim for the best quality paint your renovation budget can manage and bear in mind that a single neutral tone throughout the entire home will create a sense of space, light and flow. Many specialist paint stores offer the services of a professional colour consultant. It’s a service worth considering to maximise the appeal and aesthetics of your home.
Owners with bold DIY apartment projects may face restrictions on the choice of colours available to paint exterior areas like doors or window trims. Check with your body corporate.
Flooring – dress your interiors
Flooring can make or break a home’s interior. Polishing floorboards, laying quality carpet or investing in high-end floor tiles can add lasting beauty, durability, comfort and value to your home.
Adding light coloured flooring can further enhance a sense of space to a house or unit though apartment owners need to consider the noise factor of flooring options. Floating timber floors, for example, may prove problematic if it creates noise issues for the residents living directly below.
Do the maths
Regardless of whether your home is a house or apartment it is essential to avoid overcapitalising. This can happen when the renovation budget exceeds the value the project adds to your property. Avoid this pitfall by asking your builder for a comprehensive quote, then take a look at what homes incorporate similar renovation ideas in your area are selling for, or speak with local real estate agents for their view on whether the project is financially worthwhile in adding value to your home.
If you had a budget of $3K for home decoration ideas – what would you do?
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