SPRUCING up the kitchen and bathroom and giving walls a lick of paint will add the most value for renovators.
Source: The Cairns Post November 22, 2015
Cairns builder Damien Hyde, from Smith and Sons Renovations and Extensions, said there had been a noticeable increase in homeowners wanting to give their bathrooms a makeover.
“We’ve got a lot of people inquiring and there seems to be a lot more activity in the market,” Mr Hyde said.
“People are renovating to add a bit of value to sell it (a property) on, and others like where they are and they can’t find anything they want in that area, so they upgrade what they have.”
White-painted walls and flooring with earthy tones appear to be the trend for bathrooms in Cairns.
“A lot of people are going for a simpler look,” Mr Hyde said.
“Kitchens and bathrooms tend to wear out – the average kitchen, or bathroom, will get renovated every 15 years.
“A paint job and (updating) the bathroom and kitchen are the best ways to add value.”
According to trade-finding website Service Seeking, Queensland renovations are now 4.5 per cent cheaper than last year.
Service Seeking CEO Jeremy Levitt said more than 52,000 quotes were analysed to compare the cost of trade services this year to last.
“In the past, Queensland has been Australia’s most expensive state to renovate so the news comes as a pleasant surprise for many homeowners,” Mr Levitt said.
While concreting (up 5.1 per cent) and tiling and paving (up 3.4 per cent) were the only industries which showed significant price increases, all other renovation sectors are recording better value for Queensland homeowners.
Mr Hyde, who has been in the building industry for two decades, said it was a good idea to consult a real estate agent before renovating to sell.
“Ensure you get the best bang for your buck – consult a real estate agent who knows what really adds value and always seek out a professional to renovate,” Mr Hyde said.
Cairns landscaper and handyman Bruce Taylor, from Taylor Made, said he was often called to get homes ready for sale.
“The most common maintenance issues is patching up gyprock and painting, putting in built-ins (wardrobes), new doorways and taking out carpet and putting down tiles,” Mr Taylor said.
“We can fix water stains on ceilings or blistering paint … Water damage is always an issue when trying to sell.”
Jason Thomson | Finance Broker and Mortgage Adviser | Smartline Cairns