If you want to make the most of your property, you need to know how to add value. Whether it’s a property for sale or property that needs improvement, there are many ways that adding value can be done through simple changes. In this article, we will discuss some tips about confidently increasing the home value.
Let’s dive in!
Adding a fresh coat of paint
Adding a fresh coat of paint to the property is often an inexpensive and effective way to add value. A new colour or new design can give your property a whole new look. Which can instantly lift and brighten a space for potential buyers.
Another advantage of painting is that it hides old dirt, holes, and scuffs on walls from years ago. What’s more, not only will you cover up imperfections that detract from home values but adding this layer can even increase resale rates down the road for future buyers who are looking for just what they want!
- Colour: Many people prefer a property with a fresh coat of paint because it makes the property more welcoming and attractive. adding a bright color to your front door will make your home stand out from the rest
- Don’t forget about trimming: When painting, don’t neglect to cover window frames and door frames too! You’ll want them looking pristine as well
- Timing is everything: Choose your painting project carefully based on when you will be selling or moving in order to avoid any delays that might cost you money down the road from missed opportunities for buyers or renters.
- Focus on small repairs or upgrades
It’s easy to think of property valuations and real estate as just the big-ticket items, but small, inexpensive projects can really make a difference.
It’s not always viable to make big changes to your house before selling it. Things like renovations or major upgrades are both expensive and time-consuming. Plus, it isn’t guaranteed that the money you spend will translate to the increased value of your property.
Instead, it is often a better choice to find a few smaller things to repair. This will still make your property feel current and new and will also save you money.
From updating appliances or installing new kitchen countertops and cabinets, there are many ways that your property will hold its value if you stay on top of repairs and upgrades from time to time.
Invest time or money into garden maintenance and landscaping
If your home is in need of some TLC, don’t forget about the garden!
Many people neglect their gardens or view them as an afterthought. However, it should be the first to consider, if you invest time and money into caring for your lawn, trees, shrubs, and flowers it can have a big payoff when trying to sell the property.
The appeal of the property will add value to not only your home but the neighborhood. It’s said that a small increase in the quality of your home’s landscaping could increase the resale value of a property by around 7%.
Furthermore, a nice upkept garden can significantly influence a buyer’s perception of a property and increase the property’s curb appeal. First impressions count!
If you want your property to have the maximum number of potential buyers, then this is one area worth considering. You have become familiar with perfecting the layout to fit your lifestyle. However, when selling a home, you need to disconnect from this familiarity and view your home with fresh eyes.
A lot of times people will buy a property because they love how much room there is compared with their current home, but in reality, that may not be as advantageous of an option for them once they actually move in and live there day-to-day.
Try and rearrange things in a way that shows off the potential of your house in a way that will appeal to the largest number of lifestyles.
The more empty or unused space on a property can make it seem less welcoming overall.
A few ideas of how to do things include turning the spare bedroom into an at-home office or study and setting up a table and chairs on the balcony you normally reserve for your exercise equipment.
Another option would be converting underused spaces into something useful like a mudroom or playroom so that whoever buys your property has plenty of room to grow.
From a consistent color scheme throughout to defining each room to its full potential.
Finally, property valuations and real estate also come into play when considering the latest updates in technology.
Revolutionizing home spaces with smart devices and more affordable access to the internet will greatly change the home décor world as well as increasing the property of the home.
A lot of buyers are interested in smart homes that include various devices like voice-controlled lights or thermostats as well as automated security systems. This is a way you can show off all of your property’s best features while still keeping it up to date for today’s market
Deliver that ‘wow factor’ to potential buyers. Creating a point of difference, which makes your property stand out from the crowd!
When preparing your house for sale you want to be doing everything you can to ensure you maximize the potential value of your property. It’s important to take the time and ensure you’re doing everything you can to vamp up the value of your property when it comes time to sell.
If you are looking to sell your house, check our website here so we can give you an accurate understanding of what the fair market value of your home is.
As such, an independent valuation report provides information on what impacts the value of your property by researching its location, condition of the property, any improvements made, and the local market volatility. Receiving professional advice from an independent team of experts will help you to make informed decisions during the process of selling.
James Clarke is a Senior Property Valuer with a specialized skillset tailored towards litigation and settlement valuations. James has over two decades of experience conducting property valuations for all purposes and uses this expertise to create career development programs for our team of valuers at Vals NSW. In addition to this, he has presented at various industry conferences and tertiary education events.
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