How to add value to your home with renovations

Do you own property that you would like to increase the value of before selling? Or perhaps you just want to increase your quality of living. Regardless, there's no doubt that doing up homes is engrained in Aussie culture.

According to a release from IBISWorld, the average Australian household spent around $6,150 on renovations in 2013, making for a total value of $54.6 billion. What's more, this number is expected to exceed $60 billion by 2017.

It's clear that people in our country see the benefits in improving their homes, but what fix ups can potentially add the most value? Here are a few of the most effective renovations that can inflate your home's price tag.

Get your painting coveralls on

Similar to the slightly curdled milk sitting nonchalantly in your fridge, the paint on your walls has a best before date. Painting a house, both interior and exterior, can completely rejuvenate your home.

What's more, it is undoubtedly one of the cheapest ways to update your home and add value - especially if you do it yourself! If you are considering doing a bit of DIY painting, it's a good idea to get in touch with Kennards Hire about sourcing ladders, trestles and other such equipment to help keep you safe while painting.

Do up the kitchen

The kitchen is the engine room of many homes  and sees the most traffic. In fact, the Property Institute asserts that of all the rooms in your household, the kitchen holds the most value.

So spend a bit of time in the kitchen updating the cabinetry and adding energy-efficient appliances to appeal to a wider audience when it comes time to sell. Provided you have a quality wooden base, you could also consider floor sanding to bring back some of its lustre.

Kennards Hire has a variety of tools and machinery you can access, including floor strippers and generators.

Make room for parking

Parking spaces are always at a premium, especially as Australia's population continues to grow. In fact, a report from the Real Estate Institute of Victoria found that there is a price difference of more than $100,000 between central Melbourne apartments with parking spaces and those without.

Even if your home is in a quiet area, you can never discount the convenience that comes with having an adequate and secure space to leave your vehicle.

Regardless of whether it's trenchers, concrete pumps or traffic signs, Kennards Hire will have what you need. If you would like to know more, get in touch with the team today.