Building your dream home should be an amazing experience; the chance to bring a cherished vision to life. From the location, design, materials and finishes – this is your opportunity to truly reflect your individual style and needs.
But an important part of your home building journey should also be about adding value to your home. Designing and building a home with Novus Homes isn’t just about the present-day; it’s about securing your future, with a well-designed and well-executed home that increases in value over time.
How to add value to your home
When you're looking to add value to your luxury home in Perth, there are many different features and aspects you can choose from.
But what are the most important features to focus on? While some upgrades and additions may be subject to personal preference, there are several areas to invest in that experts agree will add value due to their universal appeal.
Start simple
While thinking of a home in terms of an investment with an emphasis on increasing its value can be daunting, there are plenty of swift and effective home improvements you can make to an existing home or home design.
Repainting the exterior, or laying new turf are cost-effective ways to give your outside areas instant upgrades, while inside creating additional storage areas is always popular, and has the advantage of making a house look bigger. At this point at the beginning of a renovation or building journey, it can help to focus on one standout feature.
Whether it's an outdoor entertainment area with an alfresco kitchen, deck, firepit and pool, a parents’ luxury retreat, a Michelin star renovated kitchen or a home theatre to rival Hollywood, having one knockout feature will make your house more memorable, and more valuable too.
Create curbside appeal
When designing a luxury custom home, the street appeal or facade is an important part of the building process and can add immense value to the home. Impressions count. Investing in high-quality materials for your facade, considering whether to build with bricks or cladding and opting for quality landscaping will ensure your home makes a good first impression.
At Novus Homes, we understand that creating a unique and impressive look for the front of your home will set the tone for any visitors. Whether you desire something more traditional and timeless or bold and modern, our experienced team can work with you to help create the perfect facade to match your lifestyle and maximise your curb appeal.
Upgrade to a luxurious bathroom or consider an ensuite
Having a luxurious bathroom adds value to a home, whether you’re designing a family home, downsizing or creating a dream home for a couple. How much value a bathroom adds to your home is hard to quantify but a well-appointed bathroom can accommodate the needs of multiple family members, cater for guests or create a sanctuary for a couple.
Our team of talented designers understands the importance of style and functionality to realise your vision with premium fixtures and fittings sourced from leading industry suppliers, and years of experience in combining practicality with luxury.
Add plenty of storage
While storage might not be the most glamorous of design features, making sure you have ample storage space will definitely make your house more enticing to a buyer. Having enough cupboards to store additional belongings, and seasonal fare (Christmas decorations, wet weather or winter clothing) so that it’s out of sight and out of the way will also make your house more visually appealing.
As house designs grow more opulent, walk-in wardrobes are also increasingly part of an aspirational lifestyle and are growing in popularity. Good storage can also be stylish, with hidden cupboards, discrete storage spaces and additional roof or garage space all possibilities.
Consider new windows
Opting for double glazing can significantly reduce noise pollution and reduce unwanted drafts or temperature fluctuations. It will also add value by increasing your energy efficiency ratings, which should lead to reduced heating and cooling costs, something that appeals to homebuyers.
On an aesthetic level, choosing modern new windows will increase your natural light and help your kerbside appeal. They’re also an opportunity to improve the safety and security of your home with additional security features, which will increase your home value, and your peace of mind.
Upgrade your outside living and entertainment
Creating a great outdoor living and entertainment area is surely a must in Western Australia's beautiful climate. Here at Novus Homes, we specialise in the luxurious customisation of these areas, giving you access to the perfect outside environment to host guests and entertain family.
From built-in BBQs, an outdoor fireplace or firepit, or a full outdoor kitchen equipped with a sink and fridge, we create superbly crafted spaces which your family can enjoy for years to come.
For those looking for a house design to accommodate the kids, why not consider an in-ground trampoline, landscaped garden or swimming pool to keep the entertainment
How much value does a pool add to a house?
A home with a pool can be a significant selling point, particularly for buyers with children, although it does involve ongoing maintenance costs and must be well-maintained.
A home with a pool is one of the most searched terms on property websites, so it might be worth installing a pool. With experts estimating that a pool can lift a home’s value by up to 7%, depending on the type of pool you install and the suitability of the climate (not a problem in Perth).
Going green can add value
With a growing focus on sustainability, adding eco-friendly elements into the design of your home can add value, and save you money. Solar panels are the most obvious way to enhance your eco credentials and the value of your home. They can also save you money too, with reduced energy bills and financial incentives.
How much do solar panels add to house value?
How much solar panels add to the value of your home will depend on a number of things like the size of your system, your location and the rebates available to you. It is clear, however, that solar panels can give your property price an uplift, with studies suggesting solar panels in Australia can increase property value by up to around 4%.
How much does a garage add to your home value?
In addition to providing extra home storage, a garage also protects your car(s) and any outside equipment like lawnmowers or bikes.
Using insulation or energy-efficient lighting in your garage is another way you can enhance your home’s sustainability. While it’s hard to put a precise figure on the value a garage will add to your home, for many buyers, having an undercover space to park their vehicle is non-negotiable.
Extending your home
Extending your property is another effective way to add value to your home. Whether you choose to extend on an existing level, add a second-storey extension or even consider a separate stand-alone property or granny flat, creating more living space will increase the value of your house.
Second storey extensions
A two-storey house can be an attractive option for those who are looking for more space without needing to buy a bigger block of land. It can also be beneficial if you have children who want their own bedrooms upstairs or down.
A double-storey home will also allow you to maximise potential views. Building living areas on the top storey of the home has become quite popular in recent years, with people maximising the views their home may offer.
If you value your privacy, a two-storey home is also worth considering. With an upstairs floor possibly dedicated solely to bedrooms and bathrooms and separate living space for the kids (or guests), you can enjoy some much-needed peace and quiet away from the hustle and bustle of family life.
How much does a granny flat add value?
Granny flats are a great way to add value to your home. With Perth’s current rental shortage showing no signs of declining, building a granny flat is a good way to develop a passive income. A second dwelling on your block will also be appealing when you come to sell, particularly for potential buyers with teenagers or adult children. Prospective buyers with ageing parents will also see the appeal of a self-contained unit allowing the right blend of independence and community.
How much does an extra bedroom add to your house value?
An extra bedroom definitely adds value to your home, as it opens up the market to larger families. Experts estimate an additional bedroom could add around $50,000 to $80,000 to the selling price of your home, but this does depend on the home.
When designing a new home or renovations, you should do your research and consider the house as a whole. While an additional bedroom is usually a good idea, if a property already has a large number of bedrooms for its size, it might be better to turn your attention to redeveloping your bathroom or have a kitchen remodel.
What are the benefits of adding value?
The benefits of adding value to your home are huge. Increased value will lead to a higher sale price (and a faster sale) if you choose to sell your home, as well as increasing equity in your home, should you want to remortgage or reinvest.
If you choose to rent your home out at any point, adding value means a higher rental income. Adding value to your home also allows you to enhance your lifestyle and comfort, and create a home that you love.
Contact us
If you are looking to build the home of your dreams, contact our sales team at Novus Homes today. Our team of experienced professionals can help guide you through the entire process, from design and construction to finishes and fixtures, and make sure you get the most value for your home. With our help, you can create a beautiful, luxury home that will increase in value over time. Contact us now to find out more.