Home Improvements In Perth: Balancing Cost With Value

 

When it comes to national housing values, Perth is known as one of the most affordable capital cities in Australia. Local households have been experiencing a surge in property values that are steadily catching up with the rest of the nation. As a direct result of this, the team at Nexus have seen an increasing number of home improvements throughout Perth, with homeowners investing for enhanced comfort, as well as increased value.

For homeowners considering a future sale of their asset, the challenge is striking a balance between the cost of the project and the projected value to avoid over-capitalising on the home. While the right improvements can significantly boost your property’s value and liveability, spending too much without a corresponding increase in value can be a costly mistake.

To help steer you in the right direction we’ve put together this article to help with planning a future renovation project, ensuring you make smart choices that enhance both your living experience and your home’s market value.

 

Opting To Improve Rather Than Move

Homeowners find that investing in home improvements can often be more cost-effective than relocating due to several factors, including rising property prices, associated costs of buying and selling, stamp duty and other transaction fees, as well as the emotional and logistical stress of moving.

Moreover, there are a number of reasons why families opt for home improvements in Perth with each having different needs, wants and budgets:

• Adding more space: As families grow or circumstances change (like a new child or a grandparent moving in), home improvements can provide the extra room needed without the upheaval of moving.
• Increasing comfort: Whether it’s adding a second storey for a Parent’s Retreat or setting up a new home office, quality home improvements in Perth can significantly enhance your daily living experience.
• Preparing for sale: If you’re planning to sell in the near future, strategic home improvements can boost your property’s appeal and value.
• Upgrading rental properties: With the current high demand for quality rentals, property investors might consider Perth home improvements to command higher weekly rents and attract long-term tenants.

 

 

Differing Home Improvements For Perth Households

As specialists in home improvements for Perth properties, there are a number of ways to increase the value and functionality of your property depending on your budget. Whether it’s another storey, extension, addition or just a revamp needed, homeowners have access to our following suite of renovation styles:

• Second Storey Additions: A great way to double your living space without sacrificing your backyard, and perfect for growing families or households in need of new living spaces and functional areas (like bedrooms, offices and bathrooms).
• Modular Construction: We use pre-built components in our construction headquarters to speed up the process, reducing on-site time and costs so you have more time enjoying your new space with less interruptions – we explore this later in the article.
• Full Home Renovations: Ideal for revamping older properties from the ground up, with our team able to coordinate new materials, modern design styling and construction of core elements to breathe new life into your property.
• Ground Floor Additions: These are suited to homeowners with enough land to extend outwards rather than upwards, with our team of experts having delivered ground floor extensions of all styles and configurations.

If you’re interested in seeing our quality home improvements in Perth first-hand, we welcome you to visit our next home open where we’ll be showcasing one of our ground floor additions and extensions in Bicton.

You can register here to book a place.

 

The Cost versus Value of Perth Home Improvements

One of the most critical aspects of home improvements in Perth is striking the right balance between cost and value. You’ll want to avoid over-capitalising on your investment to ensure the amount you spend is not greater than the value you’re likely to retain from the renovation, especially if you’re planning to sell in the near future.

When planning home improvements for Perth properties, consider your investment based on:

• Critical improvements that are essential and non-negotiable, for example adding another storey due to a growing family.
• High-impact improvements that may not be critical, but those which will make a significant difference to your living experience or property value.
• Desirable improvements that would enhance your enjoyment of the home but are more of a ‘nice-to-have’ rather than being essential upgrades.

Ultimately you should try to separate your project wants with your project needs, as this will help you finalise your design brief, and ultimately your budget.

If you’re still unsure about costs, we’ve put together an article entitled How Much Does It Cost To Renovate A House In 2024? which may be of use to you in the early stages of budgeting.

 

What Home Improvements Add the Most Value in Australia?

When it comes to understanding what improvements add value to your home, the answer isn’t straightforward as it depends on several factors like budget, location and configuration (just to name a few).

However, there are certain renovation styles that are commonly linked to the best return on investment, including:

• Kitchen renovations: Often considered the heart of the home, an updated kitchen can significantly boost property value.
• Bathroom upgrades: Modern, functional bathrooms are highly attractive to potential buyers.
• Outdoor living spaces: In Perth’s climate, well-designed outdoor areas can be a major selling point.
• Energy-efficient upgrades: With rising energy costs, improvements like solar panels or better insulation can be very appealing.
• Additional bedrooms or living spaces: Extra space, whether through extensions or clever renovations, almost always adds value.

 

 

Modular Construction: A Game-Changer for Time and Cost Efficiency

Here at Nexus Homes Group, we’ve made a name for ourselves as Perth’s go-to experts for modular extensions, as we pioneered this modern construction method. We’ve since seen modular constructions become one of our most popular ways to deliver renovations, mainly due to the method saving both time and money.

By going modular, we construct on-site at our Cockburn headquarters, where we do all the heavy lifting in a controlled environment. This then means less on-site disruption and faster ultimately faster construction times, and better quality given we’re able to use our own tools, machinery and equipment.

These benefits enable us to complete projects in about two-thirds the time it would take for a traditional on-site build. Essentially this means we’re able to deliver second-storey additions or home extensions in a matter of weeks, not months.

 

“Jeremy and the boys at Nexus have been extremely professional and have delivered 3 modular drop-in rooms within a week of being on site. Quite astounding and very impressive in such a short time. We are a family of 6 and are living on site and we have barely noticed them here.

They have very high cleanliness standards and are hard working guys who have been a pleasure to have around. Nexus have updated us on daily activities and have stuck to their schedule every day. We would highly recommend Nexus home improvements for your next renovation.”

– Shannon O’Byrne

 

Choose Nexus – The Experts of Home Improvements in Perth

If you’re planning a renovation and are at the early stages of determining your brief, we welcome you to reach out to our team for guidance.

As experts in delivering quality Perth home improvements since 2011, we’ll be able to work closely with your available budget to find the perfect balance of estimated cost versus projected value.

Whether you’re expanding for a growing family, upgrading for comfort, or preparing to sell, we can align your project with priorities that align with your goals, ensuring you get return on investment.

To get a sample of our expertise, or to acquire some inspiration ahead of your project, we welcome you to browse our gallery or register for one of our upcoming home opens should you wish to see our handywork in person.

If you’re ready to go and in need of a cost estimate, please visit our contact page to provide us with your details, and we’ll be in touch.