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/
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/