The best things to spend money on when you’re renovating

    1

    A busy housing market is prompting New Zealanders to renovate their houses in droves.

    Retail statistics show spending is up at everything from building supplies shops to furniture retailers and builders are reporting being run off their feet. Some have a backlog of many months before they can start work.

    Andrew Murphy, a marketing lecturer at Massey University, said some people probably saw renovation as one of the few ways to lessen the price difference between their existing house and the next step on the property ladder.

    Building a deck can also make a big difference to some houses.

     

    Building a deck can also make a big difference to some houses.

    But if you are looking at the prospect of a renovation job, what adds value? And what is just a waste of time and money?

    Swimming pool

    Installing a swimming pool might seem a great idea but they don't appeal to everyone.

     

    Installing a swimming pool might seem a great idea but they don’t appeal to everyone.

     Cost: From $50,000 depending on the accessibility of the section, the size of the pool and the landscaping work required.

    After a long hot summer, a backyard swimming pool sounds tempting.

    But Daniel Coulson, Bayleys’ national residential manager, said it was a project that should be approached with caution.

    People underestimate how much difference a coat of paint can make.

     

    People underestimate how much difference a coat of paint can make.

     He said a swimming pool might put off some potential buyers.  “This is because what is important to one person may not be important to another. For example a swimming  pool may be popular with a family that has teenagers, it may not be with a younger family.”

    In general, installing a pool is a better bet in the warmer parts of the country and in properties with larger sections, where there will still be some outdoor space left.

    READ MORE HERE

    Trackback from your site.

    Leave a Reply

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Chattanooga area.

    Testimonials

    I was wondering if Keller Williams has a national or regional award for realtors who go above and beyond their duty? We have been working with an agent in Chattanooga who has far exceeded any agent I ever worked with (my father was a Marine and my husband just retired from the Army. I have had numerous agents in my lifetime). Tyler Moore is an exceptional individual and is a stellar agent. I have never had an agent so transparent and willing to help. We feel blessed that after a horrible introdu…
    Loren & Michele