Just Patios
Brisbane
Queensland
addition
Property
https www
attract potential buyers
Major Home addition
Increase
homeowners
Just Patios
Brisbane
Queensland
addition
Property
https www
attract potential buyers
Major Home addition
Increase
homeowners
Major Home Additions to Increase Property Value in 2024 Just Patios 200 Buchanan Road, Morayfield, QLD 4506 1300 284 531 sales@justpatios.com.au In the ever-evolving real estate market, homeowners continuously seek ways to enhance the value of their properties. In 2024, there are several major home additions that not only offer functionality and aesthetics but also substantially increase the property's market value. With the increase in Australia's property prices, investing in these additions can be a wise financial decision for homeowners. Property owners should be well- acquainted with each addition to make an informed decision that suits their needs and budget. Kitchen Renovation This space is the centre of a home, and it's not surprising that a kitchen renovation is one of the most significant home additions in terms of adding value. This is because many potential buyers prioritise a modern and functional kitchen when looking for a new home. From adding a kitchen island and quality appliances to upgrading the cabinetry and countertops, there are endless ways to enhance the kitchen's functionality and aesthetics. Patio or Deck Addition In Australia, where the weather is generally pleasant year-round, a well-designed outdoor space can significantly increase the property's value. An added patio or deck offers an extended living area that owners can use for dining, entertaining guests, or relaxing outdoors. This addition not only expands the property's usable space but also adds to its overall appeal and charm. Bathroom Remodeling Like the kitchen, a bathroom remodel is another high-impact home addition that can considerably increase property value. A modern and updated bathroom with quality fixtures and amenities can significantly attract potential buyers. Even under a tight budget, simple upgrades such as retiling, replacing old fixtures, and adding new lighting can have a major impact. Energy-Efficient Improvements In recent years, there has been a growing demand for energy-efficient homes in the real estate market. This is due to the increasing awareness of environmental issues and the potential savings on utility bills. Research shows that energy-efficient improvements, such as solar panels, double- glazed windows, and LED lighting, can greatly increase the property's value. These additions attract potential buyers and offer long-term cost savings for homeowners. Home Office or Study With the rise of remote work and online education, having a dedicated home office or study is becoming increasingly important for homeowners. This addition provides a functional workspace and adds versatility to the property. It can be used as a guest room, hobby room, or even converted into an additional bedroom. Investing in major home additions can substantially increase property value and attract potential buyers. While considering these additions, homeowners should carefully assess their needs, budget, and the possible return on investment. These additions will not only enhance the property's value but also improve homeowners' overall quality of life. In 2024, these home additions are set to be in high demand, making it a perfect time for homeowners to consider investing in their properties. References: https://www.theguardian.com/australia-news/2024/jan/02/australias-property- market-faces-fresh-peaks-and-troughs-with-slowing-prices-and-interest- rates-tipped-to-drop https://www.charactercabinets.com.au/add-kitchen-value/ https://www.justpatios.com.au/patio-builders-brisbane/ https://www.homebeautiful.com.au/renovation-ideas/bathroom/bathroom-renovation- under-10-000/ https://energyconsumersaustralia.com.au/news/new-research-shows-australians- want-more-efficient-housing https://www.trendwindows.com.au/guides/tips-for-designing-home-office/