All Topics / Value Adding / Changing floorplan for maximum results??

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  • Profile photo of marsmacmarsmac
    Participant
    @marsmac
    Join Date: 2009
    Post Count: 21
    February 24, 2011 - 1:15 pm

    Hi everyone,

    My wife and I have just bought a place in regional NSW. It’s a deceptively large house when you walk through it and wanted to know the best way to change the floorplan to add maximum value.

    We were thinking of
    1. Enclosing the Family/Bed 4 to make a 4th bedroom
    2. Making the laundry/2nd toilet area into a 2nd bathroom

    Does anyone have any suggestions with how to change the floorplan? The 3 family areas at the top right of the property is an extension so it doesn’t really ‘flow’ with the rest of the house.

    Thanks,

    Martin

    Profile photo of Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    February 24, 2011 - 11:57 pm

    nice house! nice and big…

    I dont know about changing the floor plan to add value; wouldn’t it make more “financial” sense to do renovations and touch up the existing place to make it more attractive to home-owners who are after a dream/GRAND home…

    ie – Make your family area connect to your outside balcony – turning it to an OPEN alfresco!! …always brings good money

    Just my thoughts.

    Regards
    Michael

    Mick C | Shape Home Loans
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    Profile photo of Jacqui MiddletonJacqui Middleton
    Participant
    @jacm
    Join Date: 2009
    Post Count: 2,539
    March 10, 2011 - 1:01 am

    I would covert the LOUNGE into a master bedroom, and make the current bathroom an ensuite by cutting out some of the wall to make a door – a sliding door if need be – and closing off the original bathroom doorway, converting it to plaster wall.  I would then remove all the internal walls of the respective Family rooms to make one monster size family room.  I'd probably knock out the main wall of the dining room as well to make it a little more open plan.

    Jacqui Middleton | Middleton Buyers Advocates
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    Profile photo of Jacqui MiddletonJacqui Middleton
    Participant
    @jacm
    Join Date: 2009
    Post Count: 2,539
    March 10, 2011 - 1:45 am

    … or convert lounge to master bedroom, leave existing bathroom as is, and convert part of the dining room into an ensuite.  Knock out interior walls of family rooms to make a big large space.

    Jacqui Middleton | Middleton Buyers Advocates
    http://www.middletonbuyersadvocates.com.au
    Email Me | Phone Me

    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of RenoTeamRenoTeam
    Member
    @renoteam
    Join Date: 2011
    Post Count: 92
    March 14, 2011 - 12:16 pm

    Hi marsmac :)

    Changing your floor plan can sometimes depend a lot on budget, current building spec’s and also council regulations. What state is this property in?

    Profile photo of RenoTeamRenoTeam
    Member
    @renoteam
    Join Date: 2011
    Post Count: 92
    March 14, 2011 - 12:18 pm

    Sorry I just re-read your post, in NSW :) I’d have a chat to council & a local builder to see what would work within your budget and have the most profitable end return. Is it an investment to rent out or sell?

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