The best way to add value to your home at the moment is by renovating your bathroom. Take advantage of the current economic climate and renovate yours today.
Right now the real estate market is experiencing one of the biggest transitions of the past several decades. This is largely due to the global financial crisis, though it is also tied up with the large cycles that sweep through the world. One of the big changes has been that market has slowed down, dramatically. People are not buying and selling the same way they were a few years ago. Another has been that there are nowhere near as many new houses being built as there were a few years ago.
You can draw many conclusions from these two facts, all dependent on your perspective, position and passion, but there is one conclusion that is obvious, there has never been a better time to renovate your bathroom. Why is this, you may ask? The answer is obvious and can be understood in two parts, firstly, if the market is not moving then there is going to be a backlog of houses. This means that even if you are not thinking of selling, even if you cannot imagine selling in the next few years at all, you still need to plan strategically, as there is going to be a backlog for many years to come, and this will have a cascading effect on house prices for a very long time. Second, because there are not as many houses being built as there was before the global financial crisis, there are more builders and contractors without work than there have been before, which means that you will be able to hire them quicker and for less than you could before. It is the simple economics of supply and demand. Whereas three years ago it seemed you had to wait for months to get a plumber or electrician, now they will be round in a moment´s notice. The good thing is that by renovating your bathroom you are also doing your bit for the economy.
Out of the ashes of a crisis, we must rebuild. In Sydney bathroom renovations have become one of the most popular ways of adding value to a property quickly and easily.