One of the greatest dangers when renovating your home is overcapitalisation. <\/p>\n\n\n\n
This is when the total expenditure on your home \u2013 including the purchase price and the cost of alterations \u2013 exceeds the amount you could sell the house for in the foreseeable future. <\/p>\n\n\n\n
Just Property agents from across the country give advice on whether or not certain improvements will increase the value of a home.<\/p>\n\n\n\n
\u201cDo not spend more than one-quarter of what your property is worth on improvements,\u201d says Mona Broadhurst. <\/p>\n\n\n\n
\u201cFind out the average price for properties in your area and make sure your renovations won\u2019t push you over that.\u201d<\/p>\n\n\n\n
Maritza van Rooyen advises to get a qualified estate agent in their area to do a valuation on their property. <\/p>\n\n\n\n
Adding value<\/p>\n\n\n\n
Focus on the basics. <\/p>\n\n\n\n
Curb appeal is one of the main factors that attract interest. <\/p>\n\n\n\n
\u201cMake sure the buyer\u2019s first impression of your property is positive,\u201d says Van Rooyen. <\/p>\n\n\n\n
\u201cSimply changing your garage door can make a huge difference.\u201d<\/p>\n\n\n\n
Maintaining a neat garden and repainting the exterior of a property is essential, while keeping clutter to a minimum inside can be beneficial. According to Tracey Hutton, small repairs and a fresh coat of paint will do wonders. <\/p>\n\n\n\n
\u201cChoose neutral colours for the walls, and stick to cold colours for decor and accents so that buyers can imagine their own furniture in your spaces.\u201d<\/p>\n\n\n\n
Lindy Breytenbach says improvements to the kitchen and bathrooms are good investments. <\/p>\n\n\n\n
\u201cOlder cabinets can either be painted and handles replaced with new hardware, or they can be completely replaced. Keep to light, neutral-coloured floors and walls, as this will make your rooms look bigger and brighter. A new gas stove will give a boring old kitchen a face lift \u2013 just ensure that the gas installation is compliant and comes with a certificate.\u201d<\/p>\n\n\n\n
When thinking about how you can add value to your home, Hutton suggests taking the demands of current times into account, such as a gutter-fed water tank, inverter system or solar panels. Lezaan Mentz agrees.<\/p>\n\n\n\n
\u201cConsider a pressure pump for municipal outages and climate-control devices. Security upgrades, like well-placed lighting outdoors and beams, are worth the investment.\u201d<\/p>\n\n\n\n
A swimming pool, while expensive, can impact the comparative value of two otherwise similar properties. <\/p>\n\n\n\n
Diminishing value<\/p>\n\n\n\n
You might think that adding a lettable granny flat would increase value, but it should be properly planned. Converting a garage or outbuilding into a flat can mean you lose a garage, as well as security and privacy. <\/p>\n\n\n\n
Debi Detleefs warns against adding onto old houses without considering a floor plan. <\/p>\n\n\n\n
\u201cPoor flow makes a house difficult to sell,\u201d she warns.<\/p>\n\n\n\n
Planning and approval for any additions is important. Avoid spending money on bold colours and finishes, as well as investing in new carpets. These days, buyers prefer neutral colours and laminated flooring. <\/p>\n\n\n\n
\u2013 My pressportal, Kaylin van der Vent <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
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