When planning a home renovation in Australia, it’s essential to allocate your budget wisely to maximise both functionality and property value. Focusing on key areas such as kitchens and bathrooms often yields the best returns.
Kitchens and Bathrooms: Primary Investment Areas
Kitchens and bathrooms are among the most frequented spaces in a home, making them prime candidates for renovation. Investing in these areas not only enhances daily living but also significantly boosts property value.
- Kitchen Renovations: The cost of a kitchen renovation in Australia typically ranges from $20,000 to $30,000, depending on the scope and materials used.
- Bathroom Renovations: Updating a bathroom can cost between $15,000 and $30,000, influenced by factors such as size and finish quality.
Prioritising Key Spaces
Focusing on areas where people spend the most time can yield better renovation results. Kitchens, bathrooms, and living rooms top the list for updates. These spaces elevate daily living and can also influence the long-term value of your property.
Budgeting and Planning
A full house renovation in Australia typically falls within the range of $40,000 to $300,000, with a majority averaging around $55 per hour. The costs can be influenced by several factors, most
Conclusion
By strategically investing in key areas like kitchens and bathrooms, and by carefully planning and budgeting, Australian homeowners can enhance their living spaces and increase their property’s value.
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