Renovating your Brisbane home is an exciting journey—one that can transform your space and boost its value. But, to get the best results, a bit of expert guidance goes a long way.
That’s where experienced brokers like us at Zest Mortgage Solutions come in. With our 20 years of industry expertise, we’re here to provide tailored financial solutions to help you make confident decisions throughout your renovation.
Whether you're considering a full-home makeover or updating key spaces like your kitchen or bathroom, there are tried-and-tested strategies to ensure your project enhances your property value. Let’s dive into the 12 key tips to maximise your Brisbane home’s potential.
Overview of Brisbane’s Real Estate Landscape: Rising Demand for Property Upgrades
Brisbane’s property market has been on an upward trend, with steady price growth and increasing buyer demand over the past couple of years. According to CoreLogic's Market Trends, Brisbane's median house price increased by around 5% in 2023, and growth is expected to continue in 2024, fueled by both interstate migration and infrastructure developments, such as the upcoming 2032 Olympic Games.
With rising demand, many homeowners are renovating to boost property value. Domain’s Market Insights show a shift toward upgrading homes, especially in older suburbs near Brisbane’s CBD, to meet modern living standards and market demand.
Renovations like kitchen upgrades, house extensions, and outdoor spaces are on the rise as homeowners seek functional spaces for work and family life. This demand has boosted quality builders who transform both Queenslanders and modern homes, with many upgrading to increase value and long-term benefits.
Why People Renovate Their Homes
A home renovation isn’t just about updating your property’s look; there are plenty of practical reasons driving the decision to renovate. Let’s explore the top five reasons why homeowners choose to transform their spaces:
- Increase Property Value: A well-planned renovation can significantly boost a home's market value, making it an investment that pays off when it's time to sell.
- Enhance Comfort & Lifestyle: Updating kitchens, bathrooms, or living spaces can improve everyday comfort and make homes more suited to personal preferences and needs.
- Improve Functionality: Renovations often aim to make better use of space, such as adding a home office, extending living areas, or optimising layouts for growing families.
- Address Wear and Tear: Older homes may need repairs or upgrades to avoid extensive damage, improve safety, or simply refresh outdated features and finishes.
- Energy Efficiency & Sustainability: Upgrading windows, insulation, or appliances can reduce energy bills and enhance a property’s eco-friendliness, aligning with modern, sustainable living.
Top 12 Tips for Brisbane Home Renovation
Now that we’ve explored why renovations are so popular, let’s dive into the specifics. Here are the top 12 tips for a successful Brisbane home renovation that will boost your property’s value and help you make the most of your investment.
#1 Start with an Initial Consultation and Design Plans
The key to any successful renovation project is proper planning. Start with an initial consultation with renovation experts or custom home builders who understand Brisbane’s building industry and local requirements.
A well-prepared initial design and design concepts will set the foundation for a smooth renovation journey. Consider functional space, your budget, and the most effective ways to enhance your property value.
Pro tip: It’s wise to get a consultation from reputable renovation builders who can offer design advice tailored to your home.
#2 Embrace the Kitchen Renovation Trend
Kitchens are the heart of any home, and they hold the potential for significant returns on investment. Kitchen renovations can offer a perfect blend of functionality and aesthetic appeal.
Open-plan kitchen designs and contemporary design suggestions are popular in Brisbane, often helping to enhance living spaces.
According to Domain, a kitchen upgrade can add around 5-10% to your home’s value, making it one of the most lucrative types of renovation to invest in.
Pro Tip: Opt for energy-efficient appliances and smart storage solutions. Not only do they add a modern touch to your kitchen, but they also increase functionality and reduce utility costs—making your Brisbane home renovation project more attractive to future buyers.
#3 Maximise Bathroom Renovations for Comfort and Value
Bathrooms may be small, but they pack a punch when it comes to value. A bathroom renovation can transform a dated space into a modern retreat, improving both functionality and overall appeal. Quality builders can assist with everything from building materials to plumbing.
Pro Tip: Prioritise adding features like dual sinks, frameless glass showers, or underfloor heating. These upgrades can significantly enhance comfort and luxury while adding value, helping your bathroom stand out in the market.
#4 Add Value with House Extensions or Additional Bedrooms
If you need more space, consider house extensions or adding additional bedrooms. An extra bedroom or an additional living space like a granny flat can significantly boost your property’s worth. It’s crucial to work with a dedicated team that understands Brisbane city approvals and the considerations of designs that comply with local regulations.
Pro Tip: When planning an extension or extra bedroom, consider the flow and natural light. Integrating open-plan layouts and large windows not only creates a sense of space but also maximises your home's appeal and potential resale value.
#5 Consider the Outdoor Living Space
Brisbane’s subtropical climate means outdoor living is a must. An alfresco dining area, deck, or landscaped garden can greatly improve your home’s usability and appeal. Creating an outdoor space that blends well with the natural environment can make your property highly attractive to buyers.
Pro Tip: Create a seamless indoor-outdoor connection by using similar flooring materials or large sliding doors. Adding features like a deck, pergola, or outdoor kitchen can boost both your home's entertainment value and its market appeal.
#6 Get Expert Advice for a Complete Renovation
Planning a full-home renovation? It’s best to seek professional guidance. A qualified builder will ensure you stay within budget, and the entire renovation process—from design to construction—runs smoothly. Look for renovation experts who offer a wide range of services, from project management to the actual building process.
Pro Tip: Consult a Brisbane home renovation expert early on. They’ll spot issues, manage your budget, and offer design insights to maximise functionality and value for a smoother process.
#7 Focus on Functional Space Over Size
Sometimes it’s not about adding more space but using the existing space more efficiently. Opt for design solutions that create functional homes, making living spaces more practical and efficient without the need for major home renovation. Open-plan designs, clever storage solutions, and multifunctional spaces are popular trends in Brisbane.
Pro Tip: Instead of just adding square footage, think about how each space will be used. Incorporate clever storage solutions, multipurpose furniture, and flexible layouts to make every room more functional, which often adds more value than simply increasing size.
#8 Plan the Building Process and Construction Schedule
Renovations can be complex, so having a solid construction schedule is crucial. Clear communication skills are key here. Ensure that your builder maintains regular contact throughout the planning stages, construction project, and building process. This will help avoidable damage and costly mistakes.
Pro Tip: Break your renovation into phases with clear milestones. A realistic timeline helps avoid delays, control costs, and stay on track. Regularly review progress and adjust as needed.
#9 Invest in Quality Materials and Workmanship
Quality workmanship and materials are crucial for a renovation that not only looks great but lasts for years. Opt for durable building materials that are designed to handle Brisbane's dynamic environment. Working with quality builders ensures a fantastic end product that will stand the test of time.
Pro Tip: Choose quality materials and builders. While they may cost more upfront, they save on future repairs and add lasting value to your home.
#10 Choose Renovation Builders with Extensive Experience
When it comes to renovation, experience counts. Choose Brisbane house renovation builders who have an excellent track record in the construction industry and offer complete transparency throughout the renovation project. Check for an average rating and read client reviews to gauge their performance in terms of customer service, quality product, and timely completion.
Pro Tip: Check references, reviews, and portfolios before hiring. Experienced builders deliver quality work and know Brisbane's regulations and trends, ensuring a smooth process and great results.
#11 Ensure Your Home’s Design Matches Brisbane’s Style
Brisbane homes have their unique charm, with a mix of original home designs and contemporary styles. It’s important to maintain the right balance between preserving the character of your home and adding modern touches. Whether you’re considering an extensive extension or a flat construction, the design phase is crucial to achieving a beautiful finish.
Pro Tip: Use Brisbane’s signature features like Queenslander verandas, VJ wall panels, or breezeways. Mixing these classic elements with modern touches boosts your home’s charm and appeal to local buyers.
#12 Seek Professional Project Management
Managing a renovation project can be stressful, so leave it to the pros! A Renovation Consultant can oversee the entire process, ensuring that all aspects—from the design stages to the final touches—are completed seamlessly. This approach saves time, reduces stress, and helps finish on time.
Pro Tip: Hire a project manager who has a deep understanding of renovation projects and excellent communication skills. They’ll coordinate with all trades, ensure the work aligns with your design vision, and help avoid costly mistakes—keeping your renovation on budget and on schedule.
Choose Zest Mortgage Solutions for Your Renovation Home Loan
Finding the right financing is crucial for a successful renovation, and Zest Mortgage Solutions is here to make it simple and stress-free. As renovation experts, we understand how to tailor a home loan to your specific needs.
Here’s why partnering with Zest is a smart choice:
- Expert Advice: With 20 years of experience, we provide personalised guidance to help you choose the best loan option.
- Tailored Solutions: We assess your goals and finances to find practical loan options that match your renovation dreams.
- Complete Transparency: Expect clear communication and full transparency throughout the entire loan process.
- Fast Approvals: We work efficiently to ensure quick approvals, so you can start your renovation without delay.
- Friendly Team: Our dedicated team is always ready to support you with any questions, offering customer service you can trust.
FAQs
How much does it cost to renovate a house in Brisbane?
The cost varies greatly depending on the size and scope but can range from $20,000 for minor upgrades to $200,000+ for full-home renovations. It's best to get quotes from local builders for an accurate estimate.
Can you include renovation costs in a mortgage?
Yes, many lenders allow you to bundle renovation costs into your home loan. Speak to your mortgage broker to explore this option based on your financial situation.
What is the current interest rate on a loan for home improvements?
Interest rates vary depending on the lender and your financial profile, generally ranging from 4-8%. For the most up-to-date rates, consult with a mortgage broker.
How much can I borrow for my renovation?
The amount you can borrow depends on your equity, income, and the value of your home. A mortgage specialist can help determine your borrowing power and find a loan that suits your needs.
How much value can a home renovation add in Brisbane?
A well-executed renovation can increase your home's value by 10-20%, depending on the scope of the renovation and the local market conditions.
How long does a renovation project typically take?
It varies based on the extent of the work. Kitchen renovations might take 6-8 weeks, while a full-home renovation can take several months.
What type of home loan can I use for home renovation?
You can use a construction loan, a home equity loan, or refinance your existing mortgage for renovation purposes. Each option has different benefits, so it's best to discuss with a mortgage broker to find the right fit for your needs.
Do I need council approval for a renovation?
It depends on the type of renovation. Minor changes might not need approval, but major works like house extensions usually require permits.
Conclusion
Renovating your home in Brisbane is an exciting way to add value and create a space you truly love. With careful planning, the right team, and smart financial decisions, you can turn your renovation dreams into reality.
Ready to take the next step? Contact Zest Mortgage Solutions at (07) 3461 6499 or visit zestmortgagesolutions.com.au for expert mortgage advice tailored to your renovation goals! We’ve offices in Springfield, Ipswich & Flagstone - but help clients all across Brisbane & Queensland!
