What is the most popular home renovation in Melbourne?
In this blog, Kirley Construct will discuss that in Melbourne, home renovations are a common way for homeowners to improve their living spaces and increase the value of their properties. One of the most popular home renovations in Melbourne is kitchen remodelling. This trend has been growing due to the importance of the kitchen as the heart of the home, where families gather and entertain guests.
What is the Most Common Home Renovation?
Kitchen remodelling is the most common home renovation in Melbourne. Many homeowners upgrade their kitchens to create a more modern, functional, and aesthetically pleasing space. This type of renovation can include updating home renovation items like appliances, installing new countertops and cabinets, and improving lighting.
Homeowners often choose to open up their kitchen to create a more open-plan living area, which is highly sought after in modern homes. It's important to note that while kitchen remodelling is popular, some home improvements do not add value, such as installing extravagant lighting fixtures that don't match the home's overall style.
What is the Most In-Demand Home Improvement?
Besides kitchen remodelling, bathroom renovations are also in high demand in Melbourne. Bathrooms are essential spaces in any home, and updating them can significantly improve the comfort and functionality of a house. Expected bathroom improvements include installing new fixtures, updating tiles, and adding storage space. Walk-in showers and freestanding bathtubs are popular choices that add a touch of luxury to the bathroom.
When selecting home renovation items for bathrooms, choosing upgrades that offer a good return on investment is crucial. For instance, while luxury spa features are attractive, they fall into the category of home improvements that do not add value, especially if they are not aligned with the rest of the home.
What Home Renovation Has the Highest Return?
Regarding return on investment (ROI), kitchen renovations generally offer the highest return. A well-designed kitchen can significantly increase the value of a home, making it more attractive to potential buyers. According to real estate experts, homeowners can expect to recoup a significant portion of their investment when they sell their home after a kitchen renovation. This is because a modern, functional kitchen is often a top priority for buyers.
What Renovation Adds the Most Value?
Apart from kitchen and bathroom renovations, home improvements can add significant value to a property. For example, adding a deck or outdoor living space is a popular renovation that can increase a home's value. In Melbourne, where the weather is often pleasant, outdoor spaces are highly valued. A well-designed deck or patio can provide an excellent area for entertaining and relaxing.
Another renovation that adds value is improving energy efficiency. Homeowners increasingly seek ways to reduce their energy bills and minimise their environmental impact. Upgrading insulation, installing energy-efficient windows, and adding solar panels are all renovations that can make a home more energy-efficient and appealing to buyers.
Conclusion
In conclusion, if you're looking for popular home renovations in Melbourne, partnering with a company like Kirley Construct is essential. They emphasise that kitchen remodelling is the most sought-after renovation, followed by bathroom upgrades. These improvements are highly sought after because they enhance the functionality and aesthetics of a home.
Additionally, kitchen renovations offer the highest return on investment, making them a smart choice for homeowners looking to increase the value of their property. Other valuable home renovations include adding outdoor living spaces and improving energy efficiency. Melbourne homeowners can create a more comfortable, attractive, and useful living space by focusing on these in-demand home improvements.
