The location and size of your property will affect how much it’s worth, but there are some tips to help you boost the value of your home.
Here are 8 tips to boost home value:
- A fresh coat of paint
The easiest and least expensive way to update the look of your home while raising its value is a new coat of paint. Choose whether you want to redo the entire house or do just two rooms, or maybe a feature wall? In terms of colour, experts say that ivory is the only colour that boost the value of your home however, I personally feel that most neutral colours will work just the same.
- Put in storage
If you’re not going for extreme minimalism, the lack of storage space will be a major turnoff for prospective buyers. Consider open shelves for the kitchen, bathroom and laundry. In addition, putting hooks on the back of doors is a simple convenience that is usually ignored. Also think about any ‘dead’ areas of your home that could be transformed into new storage nooks.
- Upgrade the outdoor
The desirability of your home will increase with an outdoor area beautifully designed for entertaining. Shade and shelter are important, but fire pits have become a standard feature in many backyards.
- Add gas heating and appliances
There are a couple of reasons why gas appliances are a popular home feature. Gas heaters, especially flame-effect fires, provide warmth and comfort while being environmentally friendly. Gas cooktops can boost the value of your kitchen as they are generally favoured over electric cooktops because they can provide immediate heat and even temperature compared to electric. Gas also generates less greenhouse gas emissions compared to electricity, making it eco-friendly.
- Easy switches
You can build an entire new bathroom with no renovation. Minor, but current updates, like swapping handles and taps, can easily improve the appearance of your bathroom. Old and grubby tiles could be repainted. For an outdated vanity, installing a more contemporary one can make a huge difference to the vibe of the space.
- Curb appeal
The desirability of your home can also be influenced by how it looks from the street. Putting up a fence may be aesthetically pleasing, but it won’t automatically add value to your home. However, repairing and painting any existing fence around the property is worth it. Another easy and cost-efficient way to boost curb appeal is by replacing or repainting your letterbox and front door to a different colour.
- Décor and interior design
The look and feel of your home can be greatly benefited by adding items such as cushions, rugs and throws. Update old-fashioned lampshades and think of investing in some artwork. If you put your home for sale, it’s important that prospective buyers can imagine the space where they will potentially live.
- Add a granny flat
The concept of generations of families living together and dividing the cost of living is becoming popular. If space allows, building a granny flat in your property can boost the overall value provided it is done right. It is also a good way to earn extra income that you can use for your mortgage repayments.
I service the Newcastle and the Lake Macquarie regions and have been offering my clients sound recommendations and professional advise since opening One Agency Pinkerton Properties in 2013. If you found this article helpful or know someone who may benefit from it, feel free to share it.