Is renovating my home a good investment?

Many of you may be wondering if you should renovate your house if you are planning to sell it when it reaches the minimum occupation period (MOP) of 5 years. While renovated houses tend to fetch a higher selling price, some features in the house may also hinder a buyer’s decision whether to purchase it or not. These tips explain which home features do well when selling your home and which you can probably skip and save on.

Save: Cabinetry

Built-in shelving creates bulk in rooms and will wear and tear over time. Buyers are unlikely to pay extra to hack them.

Splurge: Paint

Updating colour is a cheap way to revamp a space. Before selling off your home, be sure to give your walls a fresh coat of paint.

Save: False Ceilings

False ceilings make the room appear smaller, which is counterproductive especially in small HDB homes.

Splurge: Bathroom

The bathroom is one of the most overlooked places in the home. However, a well-maintained bathroom most often seals the deal.

Other considerations

My advice would be to stick to a budget, however, I would not recommend going cheap with your renovation. You want a house to go home to relax to, without any worries. At the end of the day, this is your home you will build with your spouse and children and create many memories together even in those short five years.

Create a home that feels good on the inside, not one that just looks good on the outside.