Top 5 Reasons To Undergo A Home Renovation
After twelve years of living in a home that just didn’t work for me—awkward floor plan, lack of natural light, minimal privacy—I finally took the plunge and renovated. For me, the timing was influenced by a few key factors: gaining equity, reducing my mortgage, and an overwhelming desire to create a space that truly met my needs. And I know I’m not alone; I’ve met countless customers facing similar challenges that ultimately lead them to embark on a home renovation journey.
However, the motivations behind home renovations go beyond just fixing design frustrations. Some aim to adapt to changing lifestyles, enhance property functionality, or boost the resale value of their homes. For those who have bought the worst house in the best street, a complete home renovation can be a strategic move to add value and increase comfort in their new home.
In this article, we’ll delve into the findings of Houzz’s Overview of Home Renovation in 2022 and 2023, revealing the top five reasons why homeowners in Perth and beyond choose to transform their spaces. If you’re considering a renovation, see if any of these reasons resonate with your own goals and inspire you to create the home you’ve always wanted.
1. You finally have the money
The leading reason for homeowners in Perth and across Australia to dive into a home renovation—at 41%—is reaching a point where they finally have the funds to invest back into their property. Financial readiness is essential when planning a renovation; no one wants to overcapitalise or stretch beyond their budget. For many, this readiness comes from building enough equity in the property or making significant headway on their mortgage, which opens the door to fulfilling those long-awaited renovation dreams without financial strain.
By waiting until they’re in a stable financial position, homeowners can confidently plan their renovations that add value, function, and comfort to their home, all while staying financially responsible. With funds secured, they can focus on creating spaces that align with their lifestyle and design preferences, ensuring that every dollar spent has a lasting impact.
1. You finally have the time
The second most popular reason homeowners choose to renovate, cited by 40% of respondents, is finally having the time to dedicate to a substantial home improvement project. This doesn’t come as a surprise—renovations are major undertakings, often demanding as much or more time for planning as for construction.
A well-executed renovation involves detailed steps: assessing the current floor plan, coordinating with builders and specialised tradespeople, and determining if a structural engineer will be necessary. Council approval can add time and paperwork to the process, so it’s essential to factor in potential delays. A thoughtful selection of materials, like quality tiles, preassembled kitchen cabinets, stylish tapware, and essential bathroom fittings, will directly shape both the aesthetics and functionality of your home. Every detail matters, so give yourself ample time to review all options carefully.
Another key consideration is your living arrangements during the renovation. Will you be able to stay in your home, or will temporary accommodation be necessary? Factoring in logistics like these ensures that your renovation proceeds smoothly and aligns with your lifestyle.
3. To Customise a recently purchased home
Tied for the third most popular reason to renovate, with 20% of homeowners, is the desire to customise a recently purchased property to better suit individual tastes and lifestyle needs. It’s easy to understand why—after all, every homeowner wants their space to reflect their unique style and requirements.
With limited vacant land in the Perth metro area, buying an existing home is often the only option. However, pre-built homes rarely tick every box, whether it’s the layout, finishes, or functional spaces. Renovating allows homeowners to add personal touches, update outdated features, and enhance the home’s functionality to create a truly customised living environment. This could mean anything from installing a contemporary kitchen with Alpine kitchen cabinets to modernising bathrooms with frameless shower screens or adding practical storage solutions. Renovating offers a fresh start and turns a purchased house into a personalised, comfortable home tailored to your vision.
4. To adapt to changes in lifestyle or family
Another common motivation for renovating, cited by 20% of homeowners, is to adapt their homes to evolving family dynamics and lifestyle needs. As families grow, children move out, or parents age, a home’s layout and functionality may need to be reimagined to suit new requirements.
For example, an empty nest could present an opportunity to convert a child’s bedroom into a home office, gym, or guest suite. Alternatively, as we age, accessibility becomes a priority—many homeowners opt to incorporate features such as wider doorways, non-slip flooring, and accessible bathrooms. Renovations allow you to reshape your space to better align with these changes, whether it’s adding a second living area, upgrading the kitchen to accommodate entertaining, or enhancing storage options to reduce clutter.
Adapting your home to fit your current lifestyle ensures it remains a functional, comfortable, and valuable asset that meets your needs for years to come.
5. To sell the home soon and want to increase resale value
The last reason to undergo a home renovation, at 7%, was that homeowners were looking to sell their home soon and wanted to increase the resale value. This is a sensible investment decision, as renovations can add significant value to a property.
However, it’s important to keep in mind that not all renovations will give you a good return on investment. It’s essential to research which areas of your home are worth investing in and how much you should spend to get the best return.
Additionally, it’s crucial to consider the current state of the real estate market before deciding on major renovations solely for resale purposes. In a slow market, it may be wiser to focus on smaller, cosmetic updates rather than large-scale renovations.
Conclusion
There are many compelling reasons to undertake a home renovation in Perth, whether it’s to adapt your space to new lifestyle needs, increase its resale value, or finally bring your vision to life. According to the latest Houzz Home Renovation survey for 2022-2023, the top motivations include having the time and finances to invest, the desire to customise a recently purchased home, the need to adjust to changes in family structure, and the goal of enhancing property value for future sale.
If you’re among the many Perth homeowners gearing up for a home renovation, trust Ross’s Discount Home Centre as your reliable partner for all home renovation supplies. Our extensive range includes everything from quality kitchen and bathroom products to flooring, doors, and windows—all under one roof and ready for immediate delivery.
Visit our online store or drop by our showroom at 57 James Street in Guilford, Perth, to explore high-quality, affordable options for your home renovation needs.
