Moving home can be a complex process due to all the moving parts and logostics involved, from those first tentative glances in estate agent’s windows, browsing through Moving home can be a complex process due to all the moving parts and logostics involved, from those first tentative glances in estate agent’s windows, browsing through hundreds of potential homes that are right for you and your family, up to that moment six months after you get the keys and you finally unpack the last box, the whole process is fraught with potential anxiety.
Add to that the fact that the average cost of moving currently stands at a record R25 000.00 and it's clear why many families are finding it makes sense for their sanity as well as their finances to stay put and improve, rather than move.
Wheres the sense in that you ask? Where would you start?
Maybe you’re the sort of person who’d struggle to put a shelf up, but don’t let that put you off. Paying other people to do improvements can add tens of thousands, if not hundreds of thousands to your house price, making your home a more enjoyable place to live – BONUS– but also making it easier for you to move up the housing ladder in the future, as your home’s increased value will help bridge the funding gap to your next home.
With all home improvements, planning is key, as one in four projects ends up going over budget. We’ve all seen those TV home improvement shows where the hapless homeowner ends up bemoaning their overspend – so it’s worth doing a little extra planning work upfront to avoid this.
Kitchen improvements are the single most expensive benifit to any home....yes, ANY home. On average, an upgraded kitchen, when done properly, could add as much as between 6% - 10% to your homessale price.
Things to bear in mindThe suggestions below will potentially add value to your home if carried out well. Bear in mind though that the costs and potential impact on your home’s sale value indicated here are only intended as guides – the actual figures could vary significantly. And of course, for any home improvements you should take necessary precautions to help ensure the work is completed to satisfactory quality and to time and budget:
Take the time to plan exactly what you want to achieve – consulting structural engineers and architects if necessary.
Agree the cost beforehand – set aside a strict budget but allow a contingency in case of overspend
Agree on a realistic time frame upfront, but remember there may be unavoidable delays, caused by bad weather for example
Keep up regular communication with the builders
Have a contract in place to cover both parties. You could possibly save money with special discounts by paying in full upfront.
The popularity of open-plan kitchen and dining spaces means kitchens are increasingly the focal point of a home, providing everything from the dinner table to the place where kids do their homework.
A basic makeover, focusing on changing fixtures and fittings such as door and drawer handles and adding energy-efficient appliances, can make a surprising difference at minimal cost.
If you're wanting to fit a completely new kitchen, including appliances, research shows you can expect to pay R80 000.00 - R100 000.00 on average and in doing so could add around 6% - 10% to the value of your home.